Levi & Korsinsky Announces Investigation of Securities Claims Against O-I Glass, Inc. (OI)
NEW YORK CITY, NY / ACCESS Newswire / July 31, 2026 / Levi & Korsinsky notifies investors that it has commenced an investigation into O-I Glass, Inc. ("O-I Glass, Inc.") (NYSE:OI) concerning potential violations of the federal securities laws.
O-I Glass shares dropped roughly 15% on July 29, 2026 after the Company posted second quarter 2026 adjusted earnings of $0.09 per share and reduced its full-year outlook.
The reported quarter arrived three months after the Company's April 29, 2026 first quarter earnings call. On that call, Chief Executive Officer Gordon Hardie stated: "We have updated our 2026 guidance to adjusted earnings of $1 to $1.50 per share." Q2 2026 adjusted EPS came in at $0.09.
The Company's Europe segment has been central to the decline. Europe segment operating profit fell to $6 million from $90 million a year earlier -- a drop of $84 million. On the April 29 call, CFO John A. Haudrich described the segment as "breakeven in the first quarter" and "down roughly $68 million" from the prior year, and told investors the Company expected "full-year sales volumes to be about flat with the prior year." The investigation concerns whether the scale of the risk to the Company's European segment and energy cost pressures was adequately disclosed to investors.
If you suffered a loss on your O-I Glass, Inc. securities and would like to explore a potential recovery under the federal securities laws, Learn More About the Investigation or contact Joseph E. Levi, Esq. via email at [email protected] or call (212)363-7500 to speak to our team of experienced shareholder advocates.
WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
[email protected]
Tel: (212)363-7500
Fax: (212)363-7171
SOURCE: Levi & Korsinsky, LLP