Overview Key strengths Key risks Profitable U.S.-based global glass producer with a diverse geographic footprint and low-cost manufacturing base. Exposed to cyclical demand in automotive and construction end markets and fluctuating commodity and energy costs, resulting in moderate earnings volatility. Strong overall EBITDA margins at 14%-15%. Subject to stiff price competition in its commodity glass markets, worsened by the company?s exposure to the current volatility in Eastern Europe and supply chain constraints given U.S.-Canadian tariff considerations. Owned by Koch Companies, LLC (Koch), which is among the world?s largest privately held corporate groups with high diversity and well-performing businesses across a number of industries. Capital-intensive business with about $130 million of annual capital expenditures (capex) for manufacturing maintenance and repairs. We
