O-I Glass 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, President and Chief Executive Officer, John Haudrich, Senior Vice President and Chief Financial Officer, and other key executives. The agenda covers 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.
Gordon Hardie, President & CEO for O-I said, “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 USD 650 million by 2027.
Horizon 2 – Profitable Growth: Leveraging a more competitive position, O-I will drive future profitable growth with winning customers.
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 Earnings1 in the range of USD 1.20 to 1.50 per share and Free Cash Flow2 between USD 150 and 200 million.