O-I Glass unveils preliminary 2027 targets and $300M Fit to Win savings goal

O-I Glass, Inc. /DE/

Fit to Win program targets ≥$300M savings by 2027; expects ~$175M in 2025.
Preliminary 2027 goals: sustainable aEBITDA ≥$1.45B, FCF ≥5% of sales, ES% ≥2% above WACC.
Planning to close ≥7% redundant/unprofitable capacity by mid-2025; ~4% already announced.
MAGMA Gen 2 greenfield in Bowling Green, KY ramping; not updating current guidance.
More details to be provided at March 14, 2025 Investor Day.

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