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5 stories mentioning OIUpdated 44d ago

Every FINWIRES story that references OI, newest first.

Wire

O-I Glass Unit Owens-Brockway Glass Container to Offer $500 Million Senior Notes Due 2033

Owens-Brockway Glass Container, an indirect wholly owned subsidiary of O-I Glass (OI), plans a private offering of $500 million aggregate principal amount of senior notes due 2033 to eligible purchasers, O-I Glass said Monday.The notes will be guaranteed on a joint and several basis by Owens-Illinois Group and certain U.S. domestic subsidiaries of OI Group, the company said.Owens-Brockway Glass Container expects to use the net proceeds from the offering, together with cash on hand and borrowings under the company's revolving credit facility, to redeem all of its outstanding 6.625% senior notes due 2027.Price: $9.43, Change: $-0.06, Percent Change: -0.63%

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Research

Wells Fargo Upgrades O-I Glass to Overweight From Equalweight, Price Target is $13

O-I Glass (OI) has an average rating of overweight and mean price target of $13.11, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

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Research

Research Alert: CFRA Reiterates Sell Opinion On Shares Of O-i Glass, Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We decrease our 12-month target by $6.50 to $7.50, on an EV/EBITDA of 5.5x our 2026 EBITDA estimate, below O-I's one-year average of 5.6x. We decrease our 2026 EPS by $0.58 to $1.25 and 2027 by $0.40 to $1.95. O-I's Fit to Win program achieved $35M in net savings during Q1 and is 50% of the way to its goal of $750M in benefits, a highlight of the quarter. O-I secured 15 new accounts in the quarter that should drive 2H 2026 volume 1.5% higher. We note that volumes were down 8% Y/Y; this trend improved in March, with volumes down only 2%. Management noted that the European segment was the primary driver of poor results, with a $68M decrease from the prior year attributable to softer demand and intense competition in the Southern European wine market. Inflation risks from conflicts in the Middle East are a major risk, potentially adding $75M-$100M in costs if prices remain elevated. We currently see 2027 EBITDA as flat vs. 2025 ($1.23B), but this view could improve if energy prices decrease in 2H 2026.

$OI
Wire

Truist Cuts Price Target on O-I Glass to $14 From $15, Keeps Buy Rating

O-I Glass (OI) has an average rating of overweight and mean price target of $14 according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $8.71, Change: $+0.06, Percent Change: +0.69%

$OI
Research

Research Alert: O-i Glass Inc Q1: Revenue Beats With Guidance Down Due To Cost Inflation

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:O-I Glass's Q1 2026 results exposed the fragility of its cost-cutting recovery, with adjusted EPS collapsing 87.5% to $0.05 from $0.40 in the prior year, missing consensus by $0.07. Net sales declined 1.7% to $1.54B, though beating consensus by $66M, while shipment volumes fell 8%. The dramatic earnings decline occurred despite continued execution of the Fit to Win program, which delivered $50M in gross benefits, underscoring the magnitude of external headwinds. Management noted sequential improvement, with March volumes declining only 2%. European operations showed significant vulnerabilities, highlighting the defensive nature of recent margin improvements. We believe the results demonstrate that cost-cutting measures cannot fully offset the structural challenges facing the glass packaging industry, with external pressures overwhelming operational efficiencies and raising questions about the sustainability of the turnaround narrative.

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