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Company reduced total debt by $443 million supported by free cash flow during the third quarter.
October 30, 2019
By: DAVID SAVASTANO
Editor, Ink World Magazine
Owens-Illinois, Inc. reported financial results for the third quarter ended Sept. 30, 2019. “O-I’s third quarter results were in-line with our most recent guidance and reflect the benefit of in-creased selling prices and our recent acquisition of Nueva Fanal which partially offset foreign currency pressures and lower than expected sales volumes,” said CEO Andres Lopez. “Consistent with our focus on strengthening O-I’s balance sheet, we also reduced the company’s debt levels supported by free ca...
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