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Owens-Illinois Inc (OI.N)

OI.N on New York Stock Exchange

18.59USD
16 Oct 2018
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Latest Key Developments (Source: Significant Developments)

Owens-Illinois Sees 2018 Adj. EPS Likely Towards Lower End Of Its Guidance
Wednesday, 12 Sep 2018 

Sept 12 (Reuters) - Owens-Illinois Inc ::OWENS-ILLINOIS INC - SEES 2018 ADJUSTED EPS LIKELY TOWARDS LOWER END OF ITS GUIDANCE $2.75 - $2.85.OWENS-ILLINOIS SAYS IN ASIA PACIFIC, 2018 ASSET TURNAROUND ON TRACK, WITH 90% COMPETED TO DATE - SEC FILING.OWENS-ILLINOIS SAYS FOCUSED ON OFFSETTING HEADWINDS INCLUDING SOFTER-THAN-EXPECTED SALES IN AUG.  Full Article

Owens-Illinois Q2 Earnings Per Share $0.31 From Continuing Operations
Monday, 23 Jul 2018 

July 23 (Reuters) - Owens-Illinois Inc ::O-I REPORTS SECOND QUARTER 2018 RESULTS: RESILIENT PERFORMANCE MORE THAN OFFSETS EXTERNAL HEADWINDS.Q2 EARNINGS PER SHARE $0.31 FROM CONTINUING OPERATIONS.Q2 SALES $1.8 BILLION VERSUS I/B/E/S VIEW $1.82 BILLION.Q2 EARNINGS PER SHARE VIEW $0.74 -- THOMSON REUTERS I/B/E/S.Q2 ADJUSTED EARNINGS PER SHARE $0.77 EXCLUDING ITEMS.EXPECTS EARNINGS FROM CONTINUING OPERATIONS FOR FULL YEAR 2018 TO BE IN RANGE OF $2.29 TO $2.39 PER SHARE.CONTINUES TO EXPECT ADJUSTED EARNINGS TO BE IN RANGE OF $2.75 TO $2.85 PER SHARE FOR FY 2018.EXPECTS EARNINGS FROM CONTINUING OPERATIONS, AND ADJUSTED EARNINGS, FOR Q3 OF 2018 TO BE APPROXIMATELY $0.75 PER SHARE.FY2018 EARNINGS PER SHARE VIEW $2.75 -- THOMSON REUTERS I/B/E/S.COMPANY CONTINUES TO EXPECT CASH PROVIDED BY CONTINUING OPERATING ACTIVITIES FOR 2018 TO BE APPROXIMATELY $800 MILLION.SEES 2018 ADJUSTED FREE CASH FLOW TO BE ABOUT $400 MILLION, WITH DOWNSIDE PRESSURE FROM CURRENCY.Q3 EARNINGS PER SHARE VIEW $0.80 -- THOMSON REUTERS I/B/E/S.  Full Article

Owens-Illinois - Unit, Certain Units Of Unit Entered Second Amended And Restated Credit Agreement
Friday, 29 Jun 2018 

June 29 (Reuters) - Owens-Illinois Inc ::OWENS-ILLINOIS - ON JUNE 27, UNIT, CERTAIN UNITS OF UNIT ENTERED SECOND AMENDED AND RESTATED CREDIT AGREEMENT AND SYNDICATED FACILITY AGREEMENT.OWENS-ILLINOIS SAYS CREDIT AGREEMENT AMENDS AND RESTATES UNIT'S PRIOR CREDIT AGREEMENT DATED APRIL 22, 2015 - SEC FILING.  Full Article

Owens-Illinois Inc Announces Plant Closure In Atlanta
Wednesday, 16 May 2018 

May 16 (Reuters) - Owens-Illinois Inc ::O-I ANNOUNCES PLANT CLOSURE IN ATLANTA.OWENS-ILLINOIS INC - CLOSURE IS EXPECTED TO OCCUR ON OR AFTER JULY 18, 2018.OWENS-ILLINOIS INC - FINALIZED PLANS TO CEASE PRODUCTION AT ITS ATLANTA, GA, PLANT.OWENS-ILLINOIS INC - APPROXIMATELY 250 PEOPLE WILL BE IMPACTED IN ATLANTA PLANT CLOSURE.OWENS-ILLINOIS INC - CURRENT CUSTOMERS OF ATLANTA PLANT WILL BE SERVED BY OTHER DOMESTIC PLANTS IN O-I NETWORK.  Full Article

Owens-Illinois Reports Q1 EPS Of $0.59 From Continuing Operations
Monday, 23 Apr 2018 

April 23 (Reuters) - Owens-Illinois Inc ::O-I REPORTS FIRST QUARTER 2018 RESULTS; HIGHER EARNINGS, WITHIN GUIDANCE, ON SALES GROWTH AND MARGIN EXPANSION IN THE AMERICAS AND EUROPE.OWENS-ILLINOIS EXPECTS FY 2018 ADJUSTED EARNINGS PER SHARE $2.75 TO $2.85 .Q1 EARNINGS PER SHARE $0.59 FROM CONTINUING OPERATIONS.Q1 SALES $1.7 BILLION VERSUS I/B/E/S VIEW $1.7 BILLION.Q1 EARNINGS PER SHARE VIEW $0.58 -- THOMSON REUTERS I/B/E/S.COMPANY IS MAINTAINING ITS ANNUAL GUIDANCE FOR EARNINGS AND CASH FLOW.EXPECTS CASH PROVIDED BY CONTINUING OPERATING ACTIVITIES FOR 2018 TO BE APPROXIMATELY $800 MILLION.SEES ADJUSTED FREE CASH FLOW TO BE APPROXIMATELY $400 MILLION FOR 2018.EXPECTS EARNINGS FROM CONTINUING OPERATIONS, AND ADJUSTED EARNINGS, FOR Q2 OF 2018 TO BE APPROXIMATELY $0.75 PER SHARE.ON TRACK TO REPURCHASE ABOUT $100 MILLION IN SHARES FOR FY 2018.NO SUBSTANTIVE IMPACT ON COMPANY'S ADJUSTED EARNINGS OR CASH TAXES IS EXPECTED IN 2018 AS A RESULT OF TCJA.  Full Article

Owens-Illinois' OI European Group B.V. launches private offering of $310 mln of senior notes
Tuesday, 5 Dec 2017 

Dec 5 (Reuters) - Owens-Illinois Inc ::OWENS-ILLINOIS, INC.: OI EUROPEAN GROUP B.V. LAUNCHES PRIVATE OFFERING OF $310 MILLION OF SENIOR NOTES.OWENS-ILLINOIS GROUP INC- ANNOUNCED CO'S UNIT INTENDS TO OFFER $310 MILLION OF ITS SENIOR NOTES DUE 2023 IN PRIVATE OFFERING.OWENS-ILLINOIS GROUP - EXPECTS TO USE OFFERING'S PROCEEDS, WITH CASH, TO REPAY ALL AMOUNTS OUTSTANDING UNDER CO'S EURO-DENOMINATED TERM LOAN A FACILITY.  Full Article

Owens-Illinois Q3 earnings per share $0.77 from continuing operations
Monday, 23 Oct 2017 

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

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Atlantic Investment pushes Owens Illinois to sell European business

NEW YORK Atlantic Investment Management on Friday urged glass container maker Owens Illinois to sell its European business and use the proceeds to buy back shares and pay down debt.