Industry News, Printers News

O-I Reports 1Q 2016 Results

Operations improve, acquisition delivers and results surpass expectations.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Owens-Illinois, Inc. reported financial results for the first quarter ended March 31, 2016. On a reported basis, the Company reported first quarter 2016 earnings from continuing operations of $0.42 per share (diluted). Excluding certain items management considers not representative of ongoing operations, adjusted earnings were $0.48 per share, which compares favorably to management’s guidance of $0.37 to $0.42 per share due to strong business performance and more favorable currency expectatio...

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