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Owens-Illinois Inc (OI.N)

OI.N on New York Stock Exchange

16.74USD
17 Jul 2018
Change (% chg)

$0.20 (+1.21%)
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Open
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Volume
267,949
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405,689
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Latest Key Developments (Source: Significant Developments)

Owens-Illinois Says For 3 Months Ended March 31, 2018, Sees Adjusted EPS Of $0.55 To $0.60
Wednesday, 28 Feb 2018 

Feb 28 (Reuters) - Owens-Illinois Inc ::OWENS-ILLINOIS SAYS FOR 3 MONTHS ENDED MARCH 31, 2018, SEES ADJUSTED EPS OF $0.55 TO $0.60 - SEC FILING.Q1 EARNINGS PER SHARE VIEW $0.58 -- THOMSON REUTERS I/B/E/S.PRIORITIES INCLUDE RE-INITIATION OF SHARE BUYBACKS, WITH ABOUT $100 MILLION EXPECTED IN 2018.  Full Article

Owens-Illinois Reports Q4 Adjusted Earnings Per Share $0.55
Wednesday, 7 Feb 2018 

Feb 6 (Reuters) - Owens-Illinois Inc ::O-I REPORTS FULL YEAR AND FOURTH QUARTER 2017 RESULTS; COMPANY DELIVERS STRONG FINANCIAL PERFORMANCE FOR 2017 AND EXPECTS HIGHER EARNINGS AND CASH FLOW GENERATION IN 2018.Q4 LOSS PER SHARE $0.81 FROM CONTINUING OPERATIONS.Q4 SALES ROSE 4 PERCENT TO $1.7 BILLION.Q4 ADJUSTED EARNINGS PER SHARE $0.55.‍COMPANY EXPECTS EARNINGS FROM CONTINUING OPERATIONS, AND ADJUSTED EARNINGS, FOR FY 2018 TO BE IN RANGE OF $2.75 TO $2.85 PER SHARE​.EXPECTS TO REPURCHASE ABOUT $100 MILLION IN SHARES IN 2018.OWENS-ILLINOIS- CONTINUES TO REDUCE PENSION BENEFIT OBLIGATIONS; IN 2017, EXECUTED SERIES OF TRANSACTIONS THAT REDUCED ITS PBO BY MORE THAN $500 MILLION.OWENS-ILLINOIS - BOARD OF DIRECTORS AUTHORIZED $400 MILLION SHARE REPURCHASE PROGRAM.OWENS-ILLINOIS - LOWER RATE IN 2017 PRIMARILY DUE TO RESOLUTION OF TAX MATTER THAT RESULTED IN ABOUT $26 MILLION OF TAX ACCRUALS BEING REVERSED IN 2017.OWENS-ILLINOIS - ‍CO EXPECTS CASH PROVIDED BY CONTINUING OPERATING ACTIVITIES FOR 2018 TO BE ABOUT $800 MILLION ,ADJUSTED FREE CASH FLOW TO BE ABOUT $400 MILLION​.REPORTS FY 2017 ADJUSTED EARNINGS PER SHARE $2.65.OWENS-ILLINOIS - CHARGES IN 2017 INCLUDE $218 MILLION OF NON-CASH PENSION SETTLEMENT CHARGES RELATED TO CONTINUED DE-RISKING OF COMPANY'S PENSION PLANS.  Full Article

Owens-Illinois' OI European Group B.V. launches private offering of $310 mln of senior notes
Tuesday, 5 Dec 2017 

Dec 5 (Reuters) - Owens-Illinois Inc ::OWENS-ILLINOIS, INC.: OI EUROPEAN GROUP B.V. LAUNCHES PRIVATE OFFERING OF $310 MILLION OF SENIOR NOTES.OWENS-ILLINOIS GROUP INC- ANNOUNCED CO'S UNIT INTENDS TO OFFER $310 MILLION OF ITS SENIOR NOTES DUE 2023 IN PRIVATE OFFERING.OWENS-ILLINOIS GROUP - EXPECTS TO USE OFFERING'S PROCEEDS, WITH CASH, TO REPAY ALL AMOUNTS OUTSTANDING UNDER CO'S EURO-DENOMINATED TERM LOAN A FACILITY.  Full Article

Owens-Illinois Q3 earnings per share $0.77 from continuing operations
Tuesday, 24 Oct 2017 

Oct 23 (Reuters) - Owens-Illinois Inc ::O-I reports third quarter 2017 results; higher results in Europe and Latin America lead to double-digit increase in earnings per share.Q3 earnings per share $0.77 from continuing operations.Q3 sales $1.8 billion versus i/b/e/s view $1.77 billion.Q3 earnings per share view $0.73 -- Thomson Reuters I/B/E/S.Sees fy 2017 earnings per share $0.90 to $1.86 from continuing operations.Owens-Illinois Inc -continues to expect cash provided by continuing operating activities for 2017 to be approximately $750 million​.Owens-Illinois Inc - ‍continues to expect adjusted free cash flow to be approximately $365 million for fy 2017 ​.Owens-Illinois inc - ‍"company continues to de-risk its pension plans​".Owens-Illinois inc - ‍in q4 of 2017, company intends to annuitize more of its pension plans in North America​.Owens-Illinois - plan ‍to annuitize more pension plans in North America is expected to result in non-cash charges in excess of $100 million​.Owens-Illinois Inc - ‍adjusted earnings per share for full year 2017 are expected to be in range of $2.60 to $2.65​.Fy2017 earnings per share view $2.63 -- Thomson Reuters I/B/E/S.Owens-Illinois Inc - ‍agreed to expand its 50-50 joint venture with constellation Brands​.Owens-Illinois says ‍newly-expanded relationship with constellation Brands​ provides for addition of fifth furnace, expected to be operational by 2019-end.  Full Article

Owens-Illinois says units entered into amendment no. 5 related to amended, restated credit agreement dated April 22, 2015 - SEC Filing
Saturday, 30 Sep 2017 

Sept 29 (Reuters) - Owens-Illinois Inc :Owens-Illinois- On Sept 28, units entered into amendment no. 5 related to amended, restated credit agreement dated April 22, 2015 - SEC Filing.  Full Article

Owens-Illinois Inc says maintaining 3Q17 adjusted EPS guidance range of $0.70 to $0.75 - presentation slides‍​
Tuesday, 12 Sep 2017 

Sept 12 (Reuters) - Owens-illinois Inc :Owens-Illinois Inc says maintaining 3Q17 adjusted EPS guidance range of $0.70 to $0.75 - presentation slides‍​.  Full Article

Owens-Illinois Q2 sales $1.8 billion
Tuesday, 1 Aug 2017 

July 31 (Reuters) - Owens-Illinois Inc ::O-I reports second quarter 2017 results; continued strong business performance and favorable non-operational tailwinds drive 2017 earnings guidance higher.Sees FY 2017 earnings per share $2.37 to $2.47 from continuing operations.Q2 earnings per share $0.85 from continuing operations.Q2 sales $1.8 billion versus I/B/E/S view $1.77 billion.Q2 earnings per share view $0.67 -- Thomson Reuters I/B/E/S.Q2 adjusted earnings per share $0.75 excluding items.Owens-Illinois Inc - ‍now expects earnings from continuing operations attributable to co, diluted for FY 2017 to be in range of $2.37 to $2.47 per share​.Owens-Illinois Inc - ‍expects cash provided by continuing operating activities for 2017 to be approximately $750 million​.Owens-Illinois Inc - "raising our guidance on our full-year earnings performance".Owens-Illinois Inc - ‍expects adjusted free cash flow to be approximately $365 million for FY​.Owens-Illinois Inc - sees ‍excluding certain items from first half of 2017, adjusted earnings per share for full year 2017 in range of $2.55 to $2.65​.Owens-Illinois- Qtrly sales volume in Asia pacific declined due to lower domestic sales in China; production was exported to support sales to mature markets.Fy2017 earnings per share view $2.51 -- Thomson Reuters I/B/E/S.Owens-Illinois-On July 31, a European unit of co sold to a third party its right, title, interest in amounts due under arbitration award against Venezuela.  Full Article

Owens-Illinois reports Q1 adj earnings per share $0.58 excluding items
Tuesday, 25 Apr 2017 

April 24 (Reuters) - Owens-Illinois Inc :O-I reports first quarter 2017 results; continued strong financial performance driven by volume growth and focus on cost improvement.Sees FY 2017 earnings per share $2.12 to $2.22 from continuing operations.Q1 adjusted earnings per share $0.58 excluding items.Q1 earnings per share $0.30 from continuing operations.Q1 sales $1.6 billion versus i/b/e/s view $1.58 billion.Q1 earnings per share view $0.53 -- Thomson Reuters I/B/E/S.Owens-Illinois Inc - maintaining its annual guidance for earnings and cash flow for fy 2017.Fy2017 earnings per share view $2.43 -- Thomson Reuters I/B/E/S.Owens-Illinois Inc qtrly global sales volumes increased 2 percent compared to Q1 of 2016.Owens-Illinois - In Q1, incurred restructuring and other charges of $39 million, primarily driven by restructuring activity in Europe and Latin America.Sees adjusted earnings per share for full year 2017 in range of $2.40 to $2.50.Owens-Illinois- continues to expect cash provided by continuing operating activities for 2017 to be about $730 million and adjusted free cash flow about $365 million.  Full Article

Owens-Illinois says OI European Group launches offering of Euro 200 mln of senior notes
Monday, 20 Mar 2017 

Owens-illinois Inc : Owens-Illinois, Inc.: OI European Group B.V. Launches private offering of €200 million of senior notes .OI European Group B.V, co's indirect subsidary, is offering eur 200 million aggregate principal amount of its 3.125% senior notes due 2024.  Full Article

Owens-Illinois completes cash tender offer for all of its outstanding 7.80 pct senior debentures due 2018
Wednesday, 15 Mar 2017 

Owens-illinois Inc :Owens-Illinois, Inc. completes cash tender offer for any and all of its outstanding 7.80 pct senior debentures due 2018.  Full Article

BRIEF-Owens-Illinois Reports Q1 EPS Of $0.59 From Continuing Operations

* O-I REPORTS FIRST QUARTER 2018 RESULTS; HIGHER EARNINGS, WITHIN GUIDANCE, ON SALES GROWTH AND MARGIN EXPANSION IN THE AMERICAS AND EUROPE