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O-I Reports 2Q 2018 Results

Resilient performance more than offsets external headwinds.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Owens-Illinois, Inc. (O-I) reported financial results for the second quarter ended June 30, 2018.   Net sales were $1.8 billion, which was 1% higher than prior year second quarter. Higher prices, reflecting cost inflation and sales mix, and the impact of the stronger euro were partially offset by modestly lower shipments and weakening currencies in Latin America.   “O-I’s second-quarter results exceed management’s guidance, again demonstrating resilience in the face of well-known headwinds a...

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