Industry News, Printers News

O-I Reports 3Q 2016 Results

Steady improvement in earnings per share driven by further progress on strategic initiatives, acquired business in Mexico.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Owens-Illinois, Inc. reported financial results for the third quarter ended Sept. 30, 2016.   Earnings from continuing operations were $0.68 per share (diluted), which was in line with management’s guidance of $0.65 to $0.70 per share. This compares favorably with earnings from continuing operations in the third quarter of 2015 of $0.11 per share (diluted), and, on an adjusted basis, of $0.57 per share.   Net sales were $1.7 billion, up 9% from the prior year third quarter, due to the increm...

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