Business UpdateJun 9, 2026, 04:37 PM
O-I Glass to Present at Wells Fargo Conference; Reaffirms FY26 Guidance
AI Summary
O-I Glass, Inc. announced that its CEO and CFO will present at the Wells Fargo 16th Annual Industrials and Materials Conference on June 10, 2026. The company reaffirmed its full-year 2026 adjusted EBITDA guidance of $1,125M to $1,225M and adjusted EPS guidance of $1.00 to $1.50 per share. While 2Q26 is expected to account for a lower portion of annual EPS due to softer demand, initial signs of improvement were noted in June, and the company's 'Fit To Win' initiative is ahead of schedule, driving fundamental improvements and supporting future profitable growth.
Key Highlights
- O-I Glass CEO Gordon Hardie and CFO John Haudrich are scheduled to present at the Wells Fargo 16th Annual Industrials and Materials Conference on June 10, 2026.
- The company reaffirmed its FY26 adjusted EBITDA guidance range of $1,125M to $1,225M.
- FY26 adjusted EPS guidance was reaffirmed at $1.00 to $1.50 per share.
- 2Q26 is expected to represent approximately 20% of the annual adjusted EPS allocation due to softer demand.
- The company forecasts FY26 free cash flow (FCF) between $50M and $150M.
- O-I Glass expects a mid-3x leverage ratio by FYE26, with approximately $1.2B in available liquidity.
- The 'Fit To Win' initiative generated $50M in gross benefits in 1Q26, with a target of $750M total savings by 2027.
- The company anticipates improved 2H26 volumes, supported by new business wins.
Price Impact
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