Industry News, Printers News

O-I Reports Second Quarter 2019 Results

Sales volume growth was strong in the markets where O-I recently commissioned new capacity, including Brazil, Colombia and China.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Owens-Illinois, Inc. (O-I) reported financial results for the second quarter ended June 30, 2019.   “The company has been on a transformational journey and has made meaningful progress over the past three years. However, the second quarter was a challenging period for O-I. Earnings fell short of management’s guidance as sales volumes were essentially flat with last year compared to our expectation of modest growth. Despite encouraging demand trends in April and May, June shipments were softer th...

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