O-I Glass Details Strategic Initiatives at NYSE

The New York Stock Exchange welcomes executives and guests of O-I Glass, Inc. on March 14 to the podium. To honor the occasion, Gordon Hardie, President & Chief Executive Officer, joined by Tara Dziedzic, NYSE Head of US Listings, rings The Closing Bell. (Source: NYSE)

O-I Glass, Inc., a leading supplier of glass packaging, detailed a series of strategic initiatives aimed at enhancing its market position and delivering long-term value to shareholders during its Investors Day presentation at the New York Stock Exchange on March 14.

The Investor Day presentation, titled “The Power of Glass,” features insights from O-I Glass’s leadership team, including Gordon Hardie, presidents and CEO, John Haudrich, SVP and CFO, and other key executives. The agenda covered the company’s business strategy, financial review, and future growth plans, highlighting O-I’s dedication to transforming its cost base, optimizing its value chain, and driving profitable growth with an economic profit mindset.

Hardie stated, “Our multi-horizon approach to value creation, focusing on cost competitiveness and productivity, profitable growth, and strategic optionality, will enable us to reshape our business and deliver lasting value to our shareholders.”

Key Points:

• Intent: The company outlined how it intends to put the power of glass within reach of everyone, every day. This will be accomplished through implementation of the company’s three horizon value creation roadmap.
• Horizon 1 – Fit to Win: By taking an economic profit mindset, O-I will radically reduce total enterprise costs as well as optimize its entire network and value chain to improve its competitive position. The company has increased its Fit To Win target to generate savings of at least $650 million by 2027. To further improve its competitive position, O-I will incorporate a unique model to be both the lowest cost producer in mainstream categories and best cost producer in premium.
• Horizon 2 – Profitable Growth: Leveraging a more competitive position, O-I will drive future profitable growth with winning customers. The company will put glass in more hands through a segmented strategy to expand in attractive categories and capitalize on its valuable relationships with customers around the world.
• Horizon 3 – Strategic Optionality: O-I will further grow the business through geographic expansion including potential future corporate development actions as it takes a balanced approach to capital allocation including consistently returning capital to shareholders.
• Financial Overview and Outlook: The company is reaffirming its previously announced 2025 guidance of Adjusted Earnings in the range of $1.20 to $1.50 per share and Free Cash Flow between $150 and $200 million. Reflecting the expected benefits from its Fit To Win initiatives, O-I is also reaffirming its 2027 financial targets, including Adjusted EBITDA of at least $1.45 billion, Free Cash Flow of greater than 5% of sales and Economic Spread of at least 2%. Additionally, the company is introducing preliminary 2029 objectives that include longer-term benefits from its expected Profitable Growth and Strategic Optionality efforts.

Slides for the I-Day presentation are available on the Company’s website, www.o-i.com/investors.

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