O-I Glass cuts 2026 adjusted EBITDA outlook to $925 million-$950 million
Bitget2026/10/27 20:56- O-I Glass cut its 2026 adjusted EBITDA forecast to $925 million-$950 million from $1 billion-$1.1 billion.
- Free cash flow is now forecast at roughly negative $300 million, versus negative $50 million-$150 million previously.
- Commercial headwinds reduced the EBITDA outlook by $45 million; higher energy and freight inflation accounted for another $35 million.
- Expected Fit to Win savings fell to about $180 million from at least $200 million, reflecting slower European recovery.
- Management withdrew its 2027 targets but expects higher results, with guidance due on the 2026 year-end earnings call.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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