Industry News, Printers News

O-I Report 1Q 2019 Results

First quarter 2019 net sales were $1.6 billion, compared to $1.7 billion in the prior year.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Owens-Illinois, Inc. reported financial results for the first quarter ended March 31, 2019.   First quarter 2019 net sales were $1.6 billion, compared to $1.7 billion in the prior year, driven primarily by the stronger US dollar. Average selling prices improved 2% on a global basis, mainly due to price adjustment formulas, while sales volumes declined 2.5% globally.   Earnings from continuing operations before income taxes were $111 million, compared with $135 million in the prior year, reflecti...

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