O-I Glass, Inc. (OI) SEC Filings & Earnings Calls

Energy cost exposure

“Higher energy costs worldwide and interrupted power supplies... may have a material adverse effect.” · word for word

Supply chain disruptions

“Global supply chain disruptions may continue to adversely impact the Company’s ability to procure materials.” · word for word

Leverage covenant risk

“Secured Leverage Ratio could restrict the ability to undertake additional financing.” · word for word

Europe segment faces severe headwinds: competitive pricing pressure, elevated energy costs, operational disruptions from restructuring, and goodwill impairment of $873M.

“Europe segment operating profit was $6 million... $873 million non-cash goodwill impairment charge... revised 2026 guidance and realigned 2027 targets” · word for word

Key executive departure in European operations could disrupt regional business continuity.

“Departure of SVP Business Operations Europe with garden leave and termination.”

Increased leverage from $500M debt offering at 9.5% interest rate.

“$500 million aggregate principal amount of its 9.500% Senior Notes due 2033”

Higher interest expense from refinancing at 9.5% vs. 6.625%.

“9.500% senior notes due 2033... redeem all of OBGC’s outstanding 6.625% Senior Notes due 2027”

Europe energy cost inflation

“Net prices (net of cost inflation) are expected to be unfavorable in 2026 and include approximately $150 million of higher energy costs in Europe as certain energy contracts are reset at higher cost levels” · word for word

Competitive pressure in Europe

“Lower net selling prices (net of cost inflation) decreased segment operating profit by $76 million in the first quarter of 2026 compared to the same quarter in 2025 due to a step-up in energy costs following the expiration of favorable energy contracts at the end of 2025 and elevated competitive pressures.” · word for word

Geopolitical disruption

“approximately $30 million related to temporary production curtailments, several external disruptions in the Americas, temporary expenses associated with plant closures in Europe” · word for word

Energy cost inflation in Europe due to Middle East conflicts; company hedged 75-80% of EU gas needs but still exposed.

“The revision primarily reflects higher global energy costs driven by the conflicts in the Middle East, as well as additional net price pressure in Europe” · word for word

Europe segment profit breakeven; elevated price competition in Wine in Southern Europe.

“Europe segment profit was breakeven, down due to a step-up in energy costs following expiration of favorable contracts and elevated price competition in select markets, particularly Wine in Southern Europe.” · word for word

Adjusted effective tax rate elevated at 68% due to low pre-tax base; expected to normalize to 35-40%.

“The elevated adjusted effective tax rate reflects fixed tax items (minimum withholding taxes, interest deductibility limits) applied against an unusually low pre-tax base” · word for word

Shareholder opposition to legacy executive compensation arrangements

“opposition at the 2025 Annual Meeting was based on concerns with the payments made to our former CEO upon his voluntary retirement” · word for word

Goodwill Impairment Risk

“the BEV of the Company’s Europe reporting unit exceeded its carrying value by approximately 21% ... goodwill balances remain susceptible to future impairment charges.”

Carbon Compliance Cost Risk

“the European segment recognized approximately $28 million of expense related to emissions allowances” · word for word

Restructuring Execution Risk

“Approximately $50 million of additional restructuring charges are expected in 2026” · word for word

European segment operating profit declined 17% due to unfavorable net price, lower volumes, and idle capacity.

“Europe: Segment operating profit was $297 million, down from $356 million in the prior year, representing a 17 percent decrease” · word for word

Net loss attributable to company of $0.84 per share in 2025 due to restructuring charges.

“O-I reported a net loss attributable to the company of $0.84 per share in 2025” · word for word

Energy Supply Disruption

“The current conflict between Russia and Ukraine and the resulting sanctions...could cause the Company's energy suppliers to be unable or unwilling to deliver natural gas at agreed prices and quantities.” · word for word

Competitive Pricing Pressure in Europe

“Lower net selling prices (net of cost inflation) decreased segment operating profit by $15 million in the third quarter of 2025 compared to the same period in the prior year due to elevated competitive pressures.” · word for word

Restructuring Execution Risk

“Additional restructuring charges are expected in future quarters when management completes their assessment to reduce redundant production capacity and streamline costs.” · word for word

Subdued consumer demand and inventory corrections in beer value chain.

“inventory corrections in the beer value chain” · word for word

Tariff uncertainty on U.S. imports and retaliatory tariffs.

“may not fully reflect the potential impact of tariffs on U.S. imports or retaliatory tariffs on U.S. exports” · word for word

Restructuring costs higher than expected due to accelerated network optimization.

“higher-than-expected restructuring opportunities” · word for word