Edition:
United States

Owens-Illinois Inc (OI)

OI on New York Consolidated

23.65USD
21 Nov 2017
Change (% chg)

-- (--)
Prev Close
$23.65
Open
--
Day's High
--
Day's Low
--
Volume
--
Avg. Vol
1,244,417
52-wk High
$25.90
52-wk Low
$17.31

Latest Key Developments (Source: Significant Developments)

Owens-Illinois Q3 earnings per share $0.77 from continuing operations
Monday, 23 Oct 2017 04:30pm EDT 

Oct 23 (Reuters) - Owens-Illinois Inc ::O-I reports third quarter 2017 results; higher results in Europe and Latin America lead to double-digit increase in earnings per share.Q3 earnings per share $0.77 from continuing operations.Q3 sales $1.8 billion versus i/b/e/s view $1.77 billion.Q3 earnings per share view $0.73 -- Thomson Reuters I/B/E/S.Sees fy 2017 earnings per share $0.90 to $1.86 from continuing operations.Owens-Illinois Inc -continues to expect cash provided by continuing operating activities for 2017 to be approximately $750 million​.Owens-Illinois Inc - ‍continues to expect adjusted free cash flow to be approximately $365 million for fy 2017 ​.Owens-Illinois inc - ‍"company continues to de-risk its pension plans​".Owens-Illinois inc - ‍in q4 of 2017, company intends to annuitize more of its pension plans in North America​.Owens-Illinois - plan ‍to annuitize more pension plans in North America is expected to result in non-cash charges in excess of $100 million​.Owens-Illinois Inc - ‍adjusted earnings per share for full year 2017 are expected to be in range of $2.60 to $2.65​.Fy2017 earnings per share view $2.63 -- Thomson Reuters I/B/E/S.Owens-Illinois Inc - ‍agreed to expand its 50-50 joint venture with constellation Brands​.Owens-Illinois says ‍newly-expanded relationship with constellation Brands​ provides for addition of fifth furnace, expected to be operational by 2019-end.  Full Article

Owens-Illinois says units entered into amendment no. 5 related to amended, restated credit agreement dated April 22, 2015 - SEC Filing
Friday, 29 Sep 2017 04:23pm EDT 

Sept 29 (Reuters) - Owens-Illinois Inc :Owens-Illinois- On Sept 28, units entered into amendment no. 5 related to amended, restated credit agreement dated April 22, 2015 - SEC Filing.  Full Article

Owens-Illinois Inc says maintaining 3Q17 adjusted EPS guidance range of $0.70 to $0.75 - presentation slides‍​
Tuesday, 12 Sep 2017 07:16am EDT 

Sept 12 (Reuters) - Owens-illinois Inc :Owens-Illinois Inc says maintaining 3Q17 adjusted EPS guidance range of $0.70 to $0.75 - presentation slides‍​.  Full Article

Owens-Illinois Q2 sales $1.8 billion
Monday, 31 Jul 2017 04:30pm EDT 

July 31 (Reuters) - Owens-Illinois Inc ::O-I reports second quarter 2017 results; continued strong business performance and favorable non-operational tailwinds drive 2017 earnings guidance higher.Sees FY 2017 earnings per share $2.37 to $2.47 from continuing operations.Q2 earnings per share $0.85 from continuing operations.Q2 sales $1.8 billion versus I/B/E/S view $1.77 billion.Q2 earnings per share view $0.67 -- Thomson Reuters I/B/E/S.Q2 adjusted earnings per share $0.75 excluding items.Owens-Illinois Inc - ‍now expects earnings from continuing operations attributable to co, diluted for FY 2017 to be in range of $2.37 to $2.47 per share​.Owens-Illinois Inc - ‍expects cash provided by continuing operating activities for 2017 to be approximately $750 million​.Owens-Illinois Inc - "raising our guidance on our full-year earnings performance".Owens-Illinois Inc - ‍expects adjusted free cash flow to be approximately $365 million for FY​.Owens-Illinois Inc - sees ‍excluding certain items from first half of 2017, adjusted earnings per share for full year 2017 in range of $2.55 to $2.65​.Owens-Illinois- Qtrly sales volume in Asia pacific declined due to lower domestic sales in China; production was exported to support sales to mature markets.Fy2017 earnings per share view $2.51 -- Thomson Reuters I/B/E/S.Owens-Illinois-On July 31, a European unit of co sold to a third party its right, title, interest in amounts due under arbitration award against Venezuela.  Full Article

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

BRIEF-Owens-Illinois Q3 earnings per share $0.77 from continuing operations

* O-I reports third quarter 2017 results; higher results in Europe and Latin America lead to double-digit increase in earnings per share