O-I GLASS, INC.
In the published model solve dated 2026-Q2, anchored at $7.46, O-I GLASS, INC. (OI) is priced for +2.0% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 27, 2026 from SEC EDGAR filings.
• O-I Glass is the world's largest maker of glass containers for beer, wine, spirits, and food, and the surprising fact is the gap between its near-zero GAAP margin in a down year and its normalized operating earnings power of roughly $257 million through the cycle. • The biggest risk is leverage against soft demand: net debt sits near $4.9 billion, and the company is rationalizing about 13% of its manufacturing capacity in response to weak shipments [Source: O-I Glass 2025 results]. • What to w
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288 institutional managers reported holding OI in 13F filings for the quarter ended 2026-03-31. 31 opened new positions that quarter. Held by BlackRock, Vanguard Group, Dimensional Fund Advisors, among others. On the short side, 8.6M shares were sold short as of the 2026-06-15 count, about 6% of shares outstanding (2.8 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
OI has cut its share count 3.3% over the past five years, spending $190.00M on repurchases. It pays no dividend. Cash returned over the past three years: $110.00M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at OI over the trailing three years: 2024: 3 buys totaling $415k; 2025: 3 buys totaling $185k. 20 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
OI's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-04-27 | -1.3% | -7.2% |
| 2023-08-03 | -12.9% | -23.4% |
| 2023-11-02 | -5.6% | +5.3% |
| 2024-05-02 | -19.7% | -19.8% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
OI's latest 8-K filings: 2026-07-28 (items 2.02, 9.01); 2026-07-10 (items 5.02); 2026-06-09 (items 7.01, 9.01); 2026-05-18 (items 1.01, 2.03, 9.01); 2026-05-13 (items 5.07).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.