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Net sales were $1.7 billion, which was 3% lower than prior year third quarter,
October 31, 2018
By: DAVID SAVASTANO
Editor, Ink World Magazine
Owens-Illinois, Inc. (OI) reported financial results for the third quarter ended Sept. 30, 2018. “Our third quarter results were in line with management’s guidance, despite headwinds from foreign currency and transitory volume trends,” said Andres Lopez, CEO. “Our European operations profited from ongoing favorable sales mix, pricing dynamics and continued cost reduction efforts. In the Americas, O-I demand for glass was modestly positive when incorporating the strong year-on-year performance ...
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