OI

EX-99.1

2 tm2628380d1_ex99-1.htm

EXHIBIT 99.1

Exhibit 99.1

O-I Glass, Inc. U N L E A S H I N G T H E P O W E R O F G L A S S | 1

THIRD QUARTER 2026 RESULTS

OCTOBER 27, 2026

Americas Delivers Resilient Third-Quarter Performance

Europe Remains Challenged; Recovery Actions Underway 2026 Outlook Updated; Higher Adjusted Earnings And Free Cash Flow Expected In 2027 PERRYSBURG, OHIO, OCTOBER 27, 2026 — O-I Glass, Inc. (NYSE: OI) today announced financial results for the third quarter ended September 30, 2026. Key financial results are summarized below: Net Sales $M Earnings Before Income Taxes $M Net Earnings (Loss) Attributable to the Company $M Net Earnings (Loss) Attributable to the Company Per Share

3Q26 3Q25 3Q26 3Q25 3Q26 3Q25 3Q26 3Q25

Reported $1,623 $1,653 $34 $58 ($13) $30 ($0.08) $0.19 Segment Operating Profit $M Adjusted EBITDA $M Adjusted Earnings Adjusted Earnings (Loss) Per Share (Diluted)

3Q26 3Q25 3Q26 3Q25 3Q26 3Q25

Adjusted (non-GAAP)1 $139 $235 $234 $329 ($0.09) $0.48

THIRD QUARTER 2026 HIGHLIGHTS

▪ Net sales were approximately $1.6 billion, down 2 percent from the prior-year period. Favorable currency translation partially offset slightly lower selling prices and a 2 percent decline in sales volume2. ▪ Net earnings were a loss of $13 million, or $0.08 per share, while adjusted earnings reflected a loss of $15 million, or $0.09 per share. Adjusted EBITDA was $234 million, earnings before income taxes was $34 million, and segment operating profit was $139 million. ▪ Results were below the prior-year period primarily due to net price pressure and an unusually high tax rate. Earnings lagged management's expectations as energy and freight costs were approximately $15 million higher than originally anticipated in Europe. ▪ Americas segment operating profit was down slightly from the prior-year period amid commercial headwinds. ▪ Europe segment operating profit was down significantly from the prior-year period, primarily due to net price pressure. The company made progress improving plant efficiency following first-half restructuring. ▪ Fit to Win delivered approximately $50 million of benefits during the quarter. O-I now targets approximately $180 million of benefits in 2026 and continues to expect at least $650 million of cumulative savings by 2027. ▪ The company now expects 2026 adjusted EBITDA of $925 to $950 million, below its prior outlook due to elevated energy and freight inflation, softer demand, and pace of recovery in Europe. 1 Measures labeled 'non-GAAP' or 'adjusted' are non-GAAP financial measures. Definitions of the non-GAAP measures, as well as reconciliations of the non-GAAP measures to their most directly comparable GAAP measures are contained elsewhere in this news release. 2 Measured in tons and excludes the impact of divestitures. “Third-quarter results demonstrated continued resilience in the Americas, while Europe remained well below our expectations. Commercial pressures and elevated energy and freight costs weighed on results, compounded by internal supply-chain challenges that we are actively addressing. We are beginning to see initial progress, with improving European production efficiency, better sequential shipment trends and continued Fit to Win cost reductions. Our focus now is converting that initial progress into stronger commercial performance, lower costs and improved margins. While near-term energy and trade conditions remain uncertain, the actions underway, together with continued resilience in the Americas, are expected to support higher adjusted earnings and free cash flow in 2027 and strengthen the foundation for long-term value creation.”

GORDO N HARDI E – CHIEF EXECUTIVE OFFICER

O-I Glass, Inc. U N L E A S H I N G T H E P O W E R O F G L A S S | 2

THIRD QUARTER 2026 RESULTS

OCTOBER 27, 2026

AMERICAS SEGMENT

Changes in Net Sales and Segment Operating Profit $M 3Q25 Currency Price/Net Price Sales Vol//Mix Operating Cost 3Q26 Net Sales $940 $42 $15 +1.6% ($27) -1.3% in tons -- $970 Segment Operating Profit % Margins $140 14.9% $10 ($6) ($10) $3 $137 14.1% Net sales in the Americas were $970 million, up more than 3 percent from the prior-year period. A 1.6 percent increase in selling prices and favorable currency translation more than offset a 1.3 percent decline in sales volume, measured in tons. Strong shipment growth in Latin America largely offset headwinds in North America. Segment operating profit was $137 million, down slightly from the prior-year period, as Fit to Win benefits and favorable currency translation mostly offset lower volume and unfavorable net price. The prior year benefited from a $6 million one-time insurance claim that did not repeat.

EUROPE SEGMENT

Changes in Net Sales and Segment Operating Profit $M 3Q25 Currency Price/Net Price Sales Vol//Mix Operating Cost 3Q26 Net Sales $688 ($7) ($26) -3.8% ($21) -3.7% in Tons -- $634 Segment Operating Profit % Margins $95 13.8% ($3) ($91) ($4) $5 $2 0.3% Net sales in Europe were $634 million, d

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