Industry News, Printers News

O-I Reports Full Year, 4Q 2016 Results

Full year net sales were $6.7 billion, up $546 million from 2015, and adjusted free cash flow was $429 million, up 23%.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Owens-Illinois, Inc. reported financial results for the full year and fourth quarter ended Dec. 31, 2016.   For the full year 2016, the company recorded earnings from continuing operations of $1.32 per share (diluted), which compares favorably with $0.85 per share in 2015.   The company continues to generate strong cash flows. Cash provided by continuing operating activities for 2016 was $758 million compared with $612 million for 2015. Adjusted free cash flow for 2016 was $429 million, up 2...

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