Industry News, Printers News

O-I Reports Full Year, Fourth Quarter 2018 Results

Company delivers solid financial performance for 2018 and affirms expectations for higher earnings and cash flow generation in 2019.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Owens-Illinois, Inc. reported financial results for the full year and fourth quarter ended Dec. 31, 2018.   Full-year net sales were $6.9 billion, an increase of $8 million from the prior year. Prices were 2% higher on a global basis, mainly due to favorable sales mix and ongoing cost inflation. Segment operating profit was $945 million in 2018, compared with $942 million in the prior year.   “In line with our guidance, the company delivered solid financial performance in 2018, demonstrating gro...

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