Key Highlights

  • Third quarter Revenue at FMC (NYSE:FMC) fell to USD 106 million from USD 542 million, an 80% drop, while the GAAP net loss was USD 2.07 billion.
  • The 2026 adjusted EBITDA range at O-I Glass (NYSE:OI) now runs USD 925 million to USD 950 million, and European segment profit dropped from USD 95 million to USD 2 million.
  • Eastman Kodak (NYSE:KODK) moved to USD 0.18 of diluted GAAP EPS in the third quarter from a USD 0.08 loss, yet market data had its shares 10.48% lower.
  • Existing holders of Mercer International (NASDAQ:MERC) are slated to keep roughly 8.5% of the new common stock under a prepackaged Chapter 11 plan.

FMC (NYSE:FMC): Distributors Unload High-Priced Stock and Sales Collapse

FMC (NYSE:FMC) is a crop protection chemicals maker. On October 15, 2026 it reduced its third quarter outlook and rolled out commercial steps to shrink channel stock, citing softer Demand than planned and distributors holding costly product. Price cuts are planned for select products in Brazil, Argentina, the United States and Canada. Published coverage of results released on October 29, 2026 put third quarter revenue at USD 106 million, a drop of 80% from USD 542 million, and inside a band of USD 65 million to USD 125 million that had been revised. The same coverage listed adjusted EPS at negative USD 4.41 versus USD 0.89 earlier, with Debt around USD 4.18 billion and USD 735.8 million of cash. These results figures come from a single source and have not been matched to the company filing. Management said it expects to meet its covenants and will discuss covenant flexibility with its bank group. A data screen points to a 685.41% EPS rise and a quote around USD 6.26 (up 2.71%), yet the adjusted loss in the filing undercuts that growth story, and market cap is unverified.

O-I Glass (NYSE:OI): Price Pressure in Europe Cuts Profit and Forward Targets

O-I Glass (NYSE:OI) produces glass bottles and jars for food and drink brands. Its October 27, 2026 announcement covered third quarter net sales of USD 1,623 million, lower by 2%, while Americas segment operating profit was roughly steady at USD 137 million. Profit in Europe fell to USD 2 million from USD 95 million, and management blamed mostly net price pressure plus energy and freight costs roughly USD 15 million above its own expectations. The GAAP net loss came to USD 13 million, or USD 0.08 per share, compared with Net Income of USD 30 million a year earlier. Adjusted EBITDA for 2026 was reduced to a band of USD 925 million to USD 950 million, and the company now expects Leverage of 4.5 to 5.0 times while dropping its specific 2027 goals. It also proposed closing a European plant, with charges of about USD 100 million to USD 120 million in the fourth quarter, though no final decision has been made. Market data has the stock at USD 5.47, 6.74% higher, along with a 721.70% one-year EPS figure that clashes with the reported loss and probably reflects a base effect or another period. Fit to Win savings reached roughly USD 50 million in the quarter, even though the 2026 goal was cut to around USD 180 million. Fourth quarter results are slated for February 3, 2027.

Eastman Kodak (NYSE:KODK): Profit Returns on Paper While Shares Lose 10.48%

Commercial printing and advanced materials form the core of Eastman Kodak (NYSE:KODK). The November 3, 2026 release listed quarterly sales up 3% at USD 276 million, net income of USD 21 million and diluted GAAP EPS of USD 0.18, versus a USD 0.08 loss a year before. Advanced Materials and Chemicals sales jumped 21%, reaching USD 99 million, while Print sales dropped 7% to USD 165 million. Cash reached USD 317 million, debt sat near USD 110 million, and no guidance was given. Published market data put the shares 10.48% lower near USD 7.76, although the snapshot is undated and no cause for the decline has been established. The 1628.92% screened one-year EPS change lacks verification, and a swing from loss to profit rests on a negative base, which can make the rate extreme or meaningless. Overhead, measured as selling, general and administrative expense, grew to USD 50 million from USD 41 million. Year-to-date, USD 93 million came in through retirement plan reversion investments, and that money is not operating profit. Quoted moves can reverse quickly.

Mercer International (NASDAQ:MERC): Penny Stock Faces a Planned Court Process

Mercer International (NASDAQ:MERC) manufactures pulp, lumber and mass timber products. On November 2, 2026 the company said it had signed restructuring support agreements covering more than 87% of its senior notes. Roughly USD 1.1 billion of notes would convert to equity, slicing senior note debt by about 88%; noteholders would take approximately 91.5% of the new common stock, with existing holders keeping around 8.5% before dilution. Mercer did not make the October 1, 2026 payment on its 12.875% senior notes and now leans on a 90-day grace period. Second quarter revenue reached USD 460.3 million, while the net loss hit USD 76.0 million. Market data put the stock at USD 0.23, up 8.26%, a penny stock where thin trading means a few orders can move the quote, spreads can run wide and gains may disappear. The 373.18% EPS change contradicts the reported losses and is not relied on. Nasdaq is expected to notify the company of a delisting, after which the stock could move to an over-the-counter market. Part of the plan is a rights offering worth USD 400 million, in new senior secured notes that some noteholders have agreed to backstop in full, with court confirmation anticipated around 45 days after filing.

Where Things Stand

Channel stock built up at high prices explains most of the picture. FMC (NYSE:FMC) shipped little while working through that inventory, which produced the 80% drop. The EPS screens for the other three, 721.70%, 1628.92% and 373.18%, do not line up with filed results. O-I Glass (NYSE:OI) posted a GAAP loss for the quarter after European profit collapsed. Eastman Kodak (NYSE:KODK) swung to profit from a negative base. Mercer International (NASDAQ:MERC) is heading into restructuring. Calling this group Growth Stocks would not hold up, since every screened figure sits on a negative or warped Earnings base. Next catalysts: O-I Glass fourth quarter results on February 3, 2027, court approval for the Mercer plan and FMC's covenant discussions. Snapshot prices remain unverified and can move back quickly, so nothing here points to a direction.