secwatch.observer — SEC 8-K summary
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Issuer:     O-I Glass, Inc. /DE/ (OI)
CIK:        0000812074
Form:       8-K
Filed at:   2024-12-03T23:59:59+00:00
Accession:  0001104659-24-125095
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/812074/000110465924125095/0001104659-24-125095-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/812074/000110465924125095/tm2429942d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-125095

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer