O-I Glass(NYSE) OI

O-I Glass makes glass bottles and jars for food and drinks. It helps companies package beer, wine, and spirits for consumers. The firm sells these containers to large global brands everywhere.

What O-I Glass Makes

• Alcoholic Beverage Containers: Bottles for beer, spirits, wine, and flavored malt beverages.
• Food and Soda Packaging: Jars and bottles for food items, soft drinks, teas, and juices.
• Pharmaceutical Glass: Specialized containers used for medicines and pharmaceutical products.
• International Operations: Glass manufacturing across 18 countries; accounts for 73% of net sales for the year ended December 31, 2025.
• Major Customer Accounts: Single buyer across both Europe and the Americas; accounts for approximately 10% of net sales in 2025.

Efficiency and New Technology

• Launched the Fit to Win strategy in 2024 to optimize the factory network through 2026.
• Halted the MAGMA modular furnace project in 2025 because it failed to meet targets.
• Deployed ULTRA technology to reduce the weight of glass bottles by up to 30%.
• Partnered with global beverage manufacturers including Diageo, Heineken, and Coca-Cola.

Manufacturing and Scale

O-I Glass operates 64 plants in 18 countries to stay close to its global customers. The company uses recycled glass, also known as cullet, to lower energy use and carbon emissions during manufacturing.

Recent Results

• Net sales reached $1.5 billion in Q1 2026, down 1.7% from $1.6 billion in Q1 2025.
• Gross profit reached $199 million in Q1 2026, down 28.9% from $280 million in Q1 2025.
• Net income reached -$35 million in Q1 2026, worsened from -$16 million in Q1 2025.
• Free cash flow reached $309 million for the period ending Q4 2025.

Bottom Line

O-I Glass is modernizing its manufacturing network while navigating a period of lower demand and higher energy costs. Its focus on lighter packaging and recycling helps it remain a key supplier for the global food and beverage industry.