O-I Glass Adjusts EBITDA Targets for 2026 and Recalibrates 2027 Outlook
O-I Glass (NYSE: OI) has revised its financial outlook, now expecting adjusted EBITDA of $1.0 billion to $1.1 billion in 2026, up from previous guidance but below initial expectations set at the company's Investor Day event. The firm also recalibrated its long-term target for 2027 to a range of $1.2 billion to $1.3 billion. CEO Gordon Hardie expressed disappointment with first-half performance and noted that Europe has underperformed relative to projections, prompting decisive action from management. Despite the revised guidance, O-I Glass remains committed to long-term growth targets as it navigates operational challenges in key markets.
Topics: earnings call Europe operations management commentary Q2 performance