O-I Glass Updates 2026 EBITDA Outlook and Outlines 'Fit to Win' Savings Targets
O-I Glass (NYSE: OI) has updated its financial guidance, projecting an adjusted EBITDA of $925 million to $950 million for the year 2026. As part of its ongoing strategic initiatives, the company is targeting at least $650 million in cumulative benefits from its 'Fit to Win' program by the end of 2027. During the Q3 earnings call, CEO Gordon Hardie noted that while net sales remained stable and year-over-year shipments showed improvement, adjusted EBITDA experienced a decline compared to the previous year. The company is focusing on operational efficiencies through its restructuring efforts to offset these fluctuations.
Topics: earnings report EBITDA net sales shipments
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