OI on NYSE

Owens-Illinois

Logo: Owens-Illinois, Inc., Public domain, via Wikimedia Commons5

American manufacturing company

O-I Glass, Inc. (formerly Owens-Illinois) is an American company that specializes in container glass products.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 19, 2026.

Overview

1929Founded1

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  • TickerOI on NYSE1
  • Industryproduct packaging industry1
  • HeadquartersToledo1
  • Founded inToledo1
  • Websitewww.o-i.com
  • Legal formDelaware corporation1
  • Incorporated inDE6
  • Business addressOne Michael Owens Way, Perrysburg, Oh 43551-29996
  • Filer categoryLarge accelerated filer6
  • LEIXRT4MR5HXMYMNAZQA7154
  • StatusInactive4
  • LEI statusRetired4
  • Registered addressC/O THE CORPORATION TRUST COMPANY, 19801 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 20768934

O-I Glass, Inc. (formerly Owens-Illinois) is an American company that specializes in container glass products. It is the largest manufacturer of glass containers in North America, South America, Asia-Pacific and Europe (after acquiring BSN Glasspack in 2004).3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

17.3%Gross margin7
-2.0%Net margin7
-1.6%Revenue growth, 20257
-10.0%Return on equity7
3.74×Debt to equity7
$168.0MFree cash flow7

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Alcoholic Beverages brought in 62% of the revenue Owens-Illinois broke down this way in fiscal 2025.

  1. Alcoholic Beverages$3.9B762%down 3% from 2024
  2. Food And Other$1.4B722%up 2% from 2024
  3. Nonalcoholic Beverage$1.0B716%up 2% from 2024
Products and services by year
Products and services202320242025
Alcoholic Beverages$4.6B$4.0B$3.9B
Food And Other$1.4B$1.4B$1.4B
Nonalcoholic Beverage$1.0B$1.0B$1.0B

Business segments

Americas brought in 57% of the revenue Owens-Illinois broke down this way in fiscal 2025.

  1. Americas$3.6B757%up 2% from 2024
  2. Europe$2.7B742%down 5% from 2024
  3. Other Operating$96.0M71%down 24% from 2024
Business segments by year
Business segments202320242025
Americas$3.9B$3.6B$3.6B
Europe$3.1B$2.8B$2.7B
Other Operating$123.0M$127.0M$96.0M

Regions

Outside the United States brought in 73% of the revenue Owens-Illinois broke down this way in fiscal 2025.

  1. Outside the United States$4.7B773%down 3% from 2024
  2. United States$1.7B727%up 1% from 2024
Regions by year
Regions202320242025
Outside the United States$5.3B$4.8B$4.7B
United States$1.8B$1.7B$1.7B

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue83¢$5.3B
  • Research and development1¢$42.0M
  • Selling, general and admin7¢$434.0M
  • Other costs4¢$238.0M
  • Interest5¢$341.0M
  • Income tax1¢$54.0M

Out of $6.4B in revenue.7 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Capital spending72¢$432.0M
  • Share buybacks7¢$40.0M
  • Kept or used elsewhere21¢$128.0M

Out of $600.0M of cash from operations.7

Financial statements

Revenue8910117$6.4B in 2025−4% since 2019
0$2.0B$4.0B$6.0B$8.0B2019: $6.7B$6.7B20192020: $6.1B$6.1B2020−9%2021: $6.4B$6.4B2021+4%2022: $6.9B$6.9B2022+8%2023: $7.1B$7.1B2023+4%2024: $6.5B$6.5B2024−8%2025: $6.4B$6.4B2025−2%
Gross profit8910117$1.1B in 2025−8% since 2019
0$500.0M$1.0B$1.5B2019: $1.2B$1.2B20192020: $972.0M$972.0M2020−20%2021: $1.1B$1.1B2021+12%2022: $1.2B$1.2B2022+11%2023: $1.5B$1.5B2023+23%2024: $1.0B$1.0B2024−30%2025: $1.1B$1.1B2025+6%
Operating income91011$38.0M in 2024−89% since 2020
0$250.0M$500.0M$750.0M$1.0B2020: $353.0M$353.0M20202021: $332.0M$332.0M2021−6%2022: $805.0M$805.0M2022+142%2023: $67.0M$67.0M2023−92%2024: $38.0M$38.0M2024−43%
Net income8910117-$129.0M in 2025−68% since 2019
-$500.0M-$250.0M0$250.0M$500.0M$750.0M2019: -$400.0M-$400.0M20192020: $249.0M$249.0M20202021: $149.0M$149.0M2021−40%2022: $584.0M$584.0M2022+292%2023: -$103.0M-$103.0M20232024: -$106.0M-$106.0M2024+3%2025: -$129.0M-$129.0M2025+22%

Every line of the income statement as filed: the last 3 fiscal years, latest first.7

Period ending2025-12-312024-12-312023-12-31
Net sales$6.4B$6.5B$7.1B
Cost of goods sold-$5.3B-$5.5B-$5.6B
Gross profit$1.1B$1.0B$1.5B
Selling and administrative expense-$434.0M-$445.0M-$540.0M
Research, development and engineering expense-$42.0M-$80.0M-$92.0M
Interest expense, net-$341.0M-$335.0M-$342.0M
Equity earnings$119.0M$79.0M$127.0M
Other expense, net-$460.0M-$226.0M-$582.0M
Earnings (loss) before income taxes-$49.0M$38.0M$67.0M
Provision for income taxes-$54.0M-$126.0M-$152.0M
Net loss-$103.0M-$88.0M-$85.0M
Net earnings attributable to noncontrolling interests-$26.0M-$18.0M-$18.0M
Net loss attributable to the Company-$129.0M-$106.0M-$103.0M
Net loss attributable to the Company (in dollars per share)-$0.84-$0.69-$0.67
Net loss attributable to the Company (in dollars per share)-$0.84-$0.69-$0.67

Compare Owens-Illinois with another company

The story

Founded by Michael Joseph Owens in 1929, in Toledo.1

Leadership

Who has led Owens-Illinois, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (55)

Products and brands

  • glass

Listed on Wikidata.1

Subsidiaries and ownership

Subsidiaries

  • BSN Glasspack N.V.
  • Le Parfait

From Wikidata.1

Acquisitions

  1. 1935Acquired New England Glass Company1
  2. Succeeded Owens Bottle Machine Company1
  3. Succeeded Dominion Glass Company1

Former names

  • OWENS ILLINOIS INC /DE/Jan 7, 1994 to Dec 19, 20196

Timeline

  1. May 17, 2024New chief executive Gordon Hardie becomes CEO16
  2. Mar 9, 2016New chief executive Andres Alberto Lopez becomes CEO17
  3. Dec 5, 2006New chief executive Albert P. L. Stroucken becomes CEO19
  4. Feb 10, 2006New chief executive Steven R. McCracken becomes CEO18
  5. Jan 3, 1994Went public Listed on NYSE1
  6. 1935Acquisition Acquired New England Glass Company1
  7. 1929Founded Founded in Toledo1

Filings

290 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 81 major events, 122 insider forms, 30 large holders, 37 other. The latest 20:

  1. Oct 8, 2026SCHEDULE 13G/A EDGAR
  2. Oct 1, 20264 EDGAR
  3. Aug 14, 2026SCHEDULE 13G EDGAR
  4. Aug 14, 2026SCHEDULE 13G/A EDGAR
  5. Jul 29, 202610-Q EDGAR
  6. Jul 28, 20268-K EDGAR
  7. Jul 10, 20268-K EDGAR
  8. Jul 1, 20264 EDGAR
  9. Jun 23, 202611-K EDGAR
  10. Jun 23, 202611-K EDGAR
  11. Jun 9, 20268-K EDGAR
  12. May 19, 20264 EDGAR
  13. May 18, 2026SD EDGAR
  14. May 18, 20268-K EDGAR
  15. May 15, 20264 EDGAR
  16. May 15, 20264 EDGAR
  17. May 15, 20264 EDGAR
  18. May 15, 20264 EDGAR
  19. May 15, 20264 EDGAR
  20. May 15, 20264 EDGAR

The 290 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

17 open-market trades by officers, directors and large owners since October 2021: 11 buys and 6 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
May 15, 2026Chapin Samuel R.DirectorBuy12,000$8.51$102.1KForm 4
May 14, 2026Restrepo EduardoSVP, Business Ops AmericasBuy3,309$8.99$29.7KForm 4
May 11, 2026Haudrich JohnSVP & Chief Financial OfficerBuy2,207$9.07$20.0KForm 4
May 11, 2026ABRAHAMS DARROW ASVP, GC & Corporate SecretaryBuy2,774$9.04$25.1KForm 4
May 8, 2026BURNS RANDOLPH LSVP, Chief Admin & Sus OfficerBuy11,000$9.32$102.5KForm 4
Aug 5, 2025Haudrich JohnSVP & Chief Financial OfficerBuy2,289$13.05$29.9KForm 4
Aug 5, 2025ABRAHAMS DARROW ASVP, GC & Corporate SecretaryBuy3,828$13.05$50.0KForm 4
Aug 5, 2025Hardie GordonPresident & CEOBuy8,000$13.10$104.8KForm 4
May 8, 2025AUJOUANNET ARNAUDSVP & Chief Sales & MarketingSale28,763$13.00$373.9KForm 4
May 7, 2025AUJOUANNET ARNAUDSVP & Chief Sales & MarketingSale1,237$12.95$16.0KForm 4
Nov 4, 2024BURNS RANDOLPH LSVP, Chief Admin & Sus OfficerBuy13,000$11.38$147.9KForm 4
Aug 15, 2024Haudrich JohnSVP & Chief Financial OfficerBuy8,000$12.25$98.0KForm 4
Aug 6, 2024Humphrey JohnDirectorBuy15,000$11.30$169.5KForm 4
Jun 7, 2023Lopez Andres AlbertoPresident & CEOSale76,132$22.54$1.7MForm 4
Jun 6, 2023Lopez Andres AlbertoPresident & CEOSale59,174$22.02$1.3MForm 4
Feb 7, 2023AUJOUANNET ARNAUDSVP & Chief Sales & MarketingSale2,510$22.33$56.0KForm 4
Feb 7, 2023Torno VitalianoPresident, Bus Ops & OI EuropeSale17,299$22.22$384.4KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.23,439,932$225.7M0.0%+1,075,837
Alliancebernstein L.P.9,613,720$101.0M0.0%+692,255
Vanguard Portfolio Management LLC10,407,703$100.2M0.0%−269,636
Dimensional Fund Advisors LP8,139,889$78.4M0.0%−1,098,746
Vanguard Capital Management LLC6,600,884$63.6M0.0%−329,233
State Street Corp6,273,570$60.4M0.0%+288,058
UBS Group AG4,574,114$44.0M0.0%+2,430,362
Arrowstreet Capital, Limited Partnership4,329,775$41.7M0.0%+83,438
Geode Capital Management, LLC4,085,631$39.4M0.0%+231,145
Bank Of America Corp /de/3,472,046$33.4M0.0%−91,451
Segall Bryant & Hamill, LLC3,443,913$33.2M0.4%+688,943
Goldman Sachs Group Inc3,120,100$30.0M0.0%−2,568,529
Private Management Group Inc3,083,693$29.7M0.8%+189,939
Two Sigma Investments, LP2,969,672$28.6M0.0%−428,385
Covalis Capital LLP2,816,191$27.1M1.5%+1,776,558
MetLife Investment Management, LLC2,187,822$21.1M0.1%+2,108,132
Wellington Management Group Llp2,131,797$20.5M0.0%+157,472
Levin Capital Strategies, L.P.2,000,150$19.3M1.3%+941,374
Edmond De Rothschild Holding S.a.2,000,015$19.3M0.3%+470,000
Charles Schwab Investment Management Inc1,907,337$18.4M0.0%−140,501
Franklin Resources Inc1,788,155$17.2M0.0%−512,804
Luminus Management LLC1,776,150$17.1M11.7%−946,019
Northern Trust Corp1,753,489$16.9M0.0%+183,983
Morgan Stanley1,602,706$15.4M0.0%−596,511
Jpmorgan Chase & Co1,538,450$14.8M0.0%+932,501

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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