The glass packaging industry, once considered a resilient bastion of the "circular economy," is facing a moment of reckoning. Shares of O-I Glass (NYSE:OI) have plummeted by a staggering 33% since February 2026, dropping from a stable $15.00 range to roughly $10.00 as of early April. This
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O-I Glass Q2 earnings beat estimates at $0.53 EPS, but revenue missed at $1.706B. Stock rose 8.77% as cost cuts and raised guidance boosted investor confidence despite Europe weakness.
