O-I Glass, Inc.
OI · NYSE
Company research
O-I Glass, Inc. (NYSE: OI) is one of the world's largest manufacturers of glass containers, headquartered in Perrysburg, Ohio, with roots tracing back to 1903. The company manufactures and distributes glass bottles and jars primarily for the food and beverage industries, serving major global brands across the alcoholic beverage (beer, wine, spirits), non-alcoholic beverage, food, and pharmaceutical sectors across the Americas, Europe, and Asia Pacific. With approximately 21,000 employees and a global network spanning roughly 69 manufacturing plants across 19 countries, O-I Glass generated approximately $6.5 billion in net sales in 2024. Under the leadership of CEO Gordon Hardie, the company continues to execute its "Fit to Win" strategic initiative, emphasizing sustainable, infinitely recyclable glass packaging solutions and operational efficiency to drive long-term growth.
Research reports
Business Quant · June 12, 2026O-I Glass, Inc. /DE/ (OI) Stock Analysis and Metrics
Business Quant presents a detailed bull and bear thesis around O-I’s Fit to Win cost-savings program, mix shift toward higher-margin premium segments, and improved capital discipline, highlighting projected 2026 free cash flow of about $200 million and a 50% improvement in leverage. It also emphasizes persistent volume headwinds, a $150 million energy cost step-up, and inventory and demand risks that could constrain earnings despite operational progress, leading to a balanced, risk-aware outlook.
Zacks Investment Research · January 12, 2026Zacks Equity Research Report: O-I Glass, Inc. (OI)Zacks’ full equity research report argues that O-I Glass is well positioned to benefit from rising preference for glass packaging and ongoing portfolio optimization, with its “Fit to Win” program targeting more than $650 million in savings by 2027 and free cash flow of $150–$200 million in 2025. The analyst reiterates an Outperform recommendation with an $18 price target, but flags risks from declining volumes, foreign currency and interest headwinds, the halted MAGMA initiative and related restructuring charges, and domestic beer consumption declines that add execution and demand risk to the thesis.