O-I Glass, Inc. filed its quarterly report on Form 10-Q with the SEC on October 28, 2026, covering the period ended September 30, 2026, and disclosing a net loss attributable to the company of $1.058 billion for the nine months ended on that date.

Key Highlights

  • Nine-month net loss: O-I Glass reported a net loss attributable to the company of $1,058 million for the nine months ended September 30, 2026, compared with net earnings of $9 million in the same period of 2025.
  • Goodwill impairment: The filing lists a goodwill impairment charge of $873 million as a non-cash item within operating cash flows for the nine months ended September 30, 2026; goodwill, net, fell to $580 million from $1,487 million at December 31, 2025.
  • Third-quarter net sales: Net sales were $1,623 million for the three months ended September 30, 2026, down from $1,653 million in the prior-year quarter.
  • Nine-month net sales: Net sales for the nine months ended September 30, 2026 were $4,830 million, compared with $4,926 million for the same period of 2025.
  • Operating cash flow: Cash utilized in operating activities was $(35) million for the nine months ended September 30, 2026, versus cash provided of $198 million in the comparable 2025 period.
  • Share owners' equity: Share owners' equity declined to $536 million at September 30, 2026, from $1,445 million at December 31, 2025.
  • Shares outstanding: Common shares outstanding as of September 30, 2026 were 153,942,839.

O-I Glass Q3 2026: Goodwill Impairment and Operating Loss Drive Sharp Equity Decline

According to the filing, O-I Glass (NYSE:OI) recorded a net loss attributable to the company of $13 million for the three months ended September 30, 2026, reversing net earnings of $30 million in the third quarter of 2025. For the nine-month period, the net loss attributable to the company widened to $1,058 million from net earnings of $9 million a year earlier. The company reported basic and diluted loss per share of $(0.08) for the third quarter and $(6.90) for the nine months ended September 30, 2026.

The filing identifies a goodwill impairment charge of $873 million within the nine-month cash flow statement's non-cash charges, and the balance sheet shows goodwill, net, declining from $1,487 million at December 31, 2025 to $580 million at September 30, 2026. The condensed consolidated results also include "Other expense, net (incl. goodwill impairment)" of $(994) million for the nine months ended September 30, 2026, compared with $(270) million in the prior-year period. Additionally, the filing discloses a "Change in European valuation allowance on deferred tax assets" of $96 million as a non-cash charge in the nine-month operating cash flow. Restructuring, asset impairment, and related charges totaled $60 million for the nine-month period, with cash paid for restructuring activities of $(141) million.

Total assets stood at $8,001 million at September 30, 2026, down from $9,243 million at December 31, 2025. Long-term debt was $4,736 million at September 30, 2026, compared with $4,837 million at year-end 2025. Cash and cash equivalents fell to $379 million from $759 million at December 31, 2025. Capital expenditures for the nine months were $(318) million, and the company repurchased $(10) million of shares during the period, according to the filing.

What Was Disclosed

O-I Glass filed its Form 10-Q for the quarterly period ended September 30, 2026, disclosing a nine-month net loss of $1,058 million attributable to the company, driven in significant part by a goodwill impairment charge of $873 million, with share owners' equity falling to $536 million.