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United States

Owens-Illinois Inc (OI)

OI on New York Consolidated

23.03USD
23 Jun 2017
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$0.29 (+1.28%)
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Latest Key Developments (Source: Significant Developments)

Owens-Illinois reports Q1 adj earnings per share $0.58 excluding items
Monday, 24 Apr 2017 04:30pm EDT 

April 24 (Reuters) - Owens-Illinois Inc :O-I reports first quarter 2017 results; continued strong financial performance driven by volume growth and focus on cost improvement.Sees FY 2017 earnings per share $2.12 to $2.22 from continuing operations.Q1 adjusted earnings per share $0.58 excluding items.Q1 earnings per share $0.30 from continuing operations.Q1 sales $1.6 billion versus i/b/e/s view $1.58 billion.Q1 earnings per share view $0.53 -- Thomson Reuters I/B/E/S.Owens-Illinois Inc - maintaining its annual guidance for earnings and cash flow for fy 2017.Fy2017 earnings per share view $2.43 -- Thomson Reuters I/B/E/S.Owens-Illinois Inc qtrly global sales volumes increased 2 percent compared to Q1 of 2016.Owens-Illinois - In Q1, incurred restructuring and other charges of $39 million, primarily driven by restructuring activity in Europe and Latin America.Sees adjusted earnings per share for full year 2017 in range of $2.40 to $2.50.Owens-Illinois- continues to expect cash provided by continuing operating activities for 2017 to be about $730 million and adjusted free cash flow about $365 million.  Full Article

Owens-Illinois says OI European Group launches offering of Euro 200 mln of senior notes
Monday, 20 Mar 2017 04:31am EDT 

Owens-illinois Inc : Owens-Illinois, Inc.: OI European Group B.V. Launches private offering of €200 million of senior notes .OI European Group B.V, co's indirect subsidary, is offering eur 200 million aggregate principal amount of its 3.125% senior notes due 2024.  Full Article

Owens-Illinois completes cash tender offer for all of its outstanding 7.80 pct senior debentures due 2018
Wednesday, 15 Mar 2017 08:30am EDT 

Owens-illinois Inc :Owens-Illinois, Inc. completes cash tender offer for any and all of its outstanding 7.80 pct senior debentures due 2018.  Full Article

Atlantic Investment Management reports 5.9 pct stake in Owens-Illinois
Tuesday, 14 Mar 2017 11:58am EDT 

Owens-illinois Inc :Atlantic investment management inc reports 5.9 percent stake in owens-illinois inc as of march 6 - sec filing.  Full Article

Owens-Illinois commences cash tender offer for outstanding 7.80 pct senior debentures
Wednesday, 8 Mar 2017 08:30am EST 

Owens-Illinois Inc : Owens-Illinois Inc commences cash tender offer for any and all of its outstanding 7.80% senior debentures due 2018 .Owens-Illinois Inc- tender offer will expire on march 14, 2017.  Full Article

Owens-Illinois Inc reports full year and Q4 2016 results
Wednesday, 1 Feb 2017 04:30pm EST 

Owens-Illinois Inc : Owens-Illinois Inc reports full year and fourth quarter 2016 results; entering next phase of transformational journey as company delivers strong financial performance for 2016 . Q4 loss per share $0.43 from continuing operations . Q4 sales $1.6 billion versus i/b/e/s view $1.64 billion . Q4 earnings per share view $0.47 -- Thomson Reuters I/B/E/S . Q4 adjusted earnings per share $0.50 . Sees FY 2017 adjusted earnings per share $2.40 to $2.50 . FY 2017 earnings per share view $2.44 -- Thomson Reuters I/B/E/S . Owens-Illinois Inc - "looking ahead, we expect continued improvement in our top-line and bottom-line results" . Owens-Illinois Inc - in Q4, company incurred restructuring and impairment charges of $110 million . Owens-Illinois Inc- expects earnings from continuing operations, and adjusted earnings, for full year 2017 to be in range of $2.40 to $2.50 per share .Owens-Illinois sees cash provided by continuing operating activities for 2017 to be about $730 million and adjusted free cash flow to be about $365 million.  Full Article

Owens-Illinois says adjusted free cash flow for FY 2016 would be about $425 mln
Tuesday, 20 Dec 2016 04:30pm EST 

Owens-illinois Inc : Owens-Illinois Inc says settlement will reduce plan's pension obligations by 10 to 15 percent . Owens-Illinois Inc says during 2016, asbestos payments of approximately $125 million will reduce this liability to less than $700 million . Owens-Illinois Inc - adjusted free cash flow for full year 2016 would be approximately $425 million . Owens-Illinois -improved debt profile through recent issuance of 500 million euro, eight-year, fixed-rate bond with coupon of 3.125 percent . Owens-Illinois Inc says continues to de-risk its pension plans . Owens-Illinois Inc says recently settled approximately $200 million in pension obligations of owens-illinois hourly retirement plan . Owens-Illinois Inc - company reported a total asbestos-related liability of $817 million on its balance sheet at year end 2015 .Owens-Illinois Inc - in 2017, expected asbestos payments of approximately $115 million will further decrease liability.  Full Article

Owens-Illinois Inc Q2 2016 earnings per share $0.65 from cont ops
Wednesday, 27 Jul 2016 04:30pm EDT 

Owens-Illinois Inc : O-I reports second quarter 2016 results; earnings per share continues to gain positive momentum . Q2 sales $1.8 billion versus I/B/E/S view $1.73 billion . Q2 earnings per share view $0.63 -- Thomson Reuters I/B/E/S . Q2 earnings per share $0.65 from continuing operations . Owens-Illinois Inc - Company is reaffirming its full year guidance for earnings and cash flow . Says Q2 2016 earnings per share at high end of management's guidance of $0.60-$0.65 per share . Q2 2016 earnings per share $0.65 from continuing operations . FY2016 earnings per share view $2.30 -- Thomson Reuters I/B/E/S .Sees FY 2016 earnings per share $2.18 to $2.29 from continuing operations.  Full Article

Owens-Illinois names two new board members, chairman
Thursday, 26 May 2016 04:14pm EDT 

Owens-illinois Inc : Announces two new board members and new independent chairman . Election of Andres A. Lopez And Joseph J. Deangelo to its board of directors .Says appointment of Carol A. Williams as chairman of board, effective immediately..  Full Article

Owens-Illinois Inc increases FY 2016 EPS guidance
Monday, 2 May 2016 04:30pm EDT 

Owens-Illinois Inc:Guidance for 2016 increases.Expects adjusted earnings per share for FY 2016 to be in the range of $2.25 to $2.35 which is higher than prior guidance of $2.10 to $2.25.  Full Article

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BRIEF-Owens-Illinois reports Q1 adj earnings per share $0.58 excluding items

* O-I reports first quarter 2017 results; continued strong financial performance driven by volume growth and focus on cost improvement