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Higher earnings, within guidance, on sales growth and margin expansion in the Americas and Europe.
April 27, 2018
By: DAVID SAVASTANO
Editor, Ink World Magazine
Owens-Illinois, Inc. reported financial results for the first quarter ended March 31, 2018. For the first quarter 2018, the company recorded earnings from continuing operations of $0.59 per share (diluted). This was on the upper end of management guidance of $0.55 to $0.60 per share. Net sales were $1.7 billion, an increase of nearly 8% compared to the prior year, due to higher prices and favorable currency translation. Total glass container shipments in the first quarter of 2018 were compar...
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