I Glass Q3 sales miss analyst expectations on lower volumes

Overview

• Glass packaging maker's Q3 sales missed analyst expectations

• Company reported a Q3 loss per share of $0.08

Outlook

• Company expects 2026 adjusted EBITDA of about $925 mln to $950 mln, and a free cash flow use of about $300 mln

• For 2027, company expects higher net sales, adjusted EBITDA, and free cash flow

Result Drivers

• SALES FALL - Co's Q3 sales of about $1.6 bln, down 2% as favourable currency translation partially ofset slightly lower selling prices and a 2% decline in sales volume

• AMERICAS PROFIT DOWN - Americas segment operating profit was down slightly from the prior-year period amid commercial headwinds

• EUROPE STRUGGLES - Europe segment operating profit was down significantly from the prior-year period, primarily due to net price pressure.

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the non-paper containers & packaging peer group is "buy"

• Wall Street's median 12-month price target for O-I Glass, Inc. is $8.00, about 24.2% above its October 26 closing price of $6.44

• The stock recently traded at 5 times the next 12-month earnings vs. a P/E of 6 three months ago

Reuters Recommended Reads

• Oct 27 - French glass packaging firm Verallia's Q3 revenue falls on lower volumes

• Oct 26 - Clearwater Paper Q3 revenue slightly misses estimates on lower market pricing

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)