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Higher results in Europe and Latin America lead to double-digit increase in earnings per share.
October 25, 2017
By: DAVID SAVASTANO
Editor, Ink World Magazine
Owens-Illinois, Inc. (O-I) reported financial results for the third quarter ended Sept. 30, 2017. For the third quarter, earnings from continuing operations were $0.77 per share (diluted), up 13% compared with $0.68 per share in 2016, primarily driven by improved segment operating profit in Europe and Latin America, and lower interest and tax expense. Net sales were $1.8 billion, an increase of almost 5% compared to the prior year third quarter, primarily due to favorable currency translati...
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