O-I Glass cuts 2026 adjusted EBITDA outlook to $925 million-$950 million
OI•O-I Glass cut its 2026 adjusted EBITDA forecast to $925 million-$950 million from $1 billion-$1.1 billion and now expects free cash flow of roughly negative $300 million.
1. Lower 2026 outlook
O-I Glass lowered its 2026 adjusted EBITDA forecast to $925 million-$950 million from $1 billion-$1.1 billion. It now expects free cash flow of roughly negative $300 million, compared with its previous forecast of negative $50 million-$150 million.
2. Factors and targets
Commercial headwinds reduced the EBITDA outlook by $45 million, while 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 a slower European recovery. Management withdrew its 2027 targets but expects higher results, with guidance due on the 2026 year-end earnings call.
