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Continued strong business performance, favorable non-operational tailwinds drive 2017 earnings guidance higher.
August 1, 2017
By: DAVID SAVASTANO
Editor, Ink World Magazine
Owens-Illinois, Inc. (OI) reported financial results for the second quarter ended June 30, 2017. For the second quarter, earnings from continuing operations were $0.85 per share (diluted), compared with $0.65 per share in 2016, primarily driven by improved segment operating profit and lower interest and tax expense. Net sales were $1.8 billion, on par with prior year second quarter. Price increased 1% on a global basis, which was offset by modestly lower sales volume and adverse currency...
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