O-I reports full year and fourth quarter 2017 results

  Company financial news

Strong financial performance for 2017; expects higher earnings and cash flow generation in 2018.

Shareholders
O-I has reported financial results for the full year and fourth quarter
Owens-Illinois, Inc. has reported financial results for the full year and fourth quarter ended 31 December 2017.
“In 2017, we delivered strong earnings and cash flow generation, in line with the commitments we made at Investor Day in early 2016. We have been building capabilities in the commercial, manufacturing and supply chain space that are demonstrably adding to the top line - through higher shipments year-on-year - and the bottom line - through the tangible benefits of our Total Systems Cost approach,” said Andres Lopez, CEO.
“We are working together in a new way, as one enterprise, enhancing the customer experience, executing on our initiatives and deleveraging the balance sheet that together support our conviction to deliver rising earnings and cash flow in 2018. Even as we continue to invest in new capabilities and explore non-organic growth opportunities in the industry, we have begun to pivot towards a more balanced approach to capital allocation that we anticipate will include share buybacks in 2018.”
For the full year 2017, the company recorded earnings from continuing operations of USD 1.11 per share (diluted), compared with USD 1.32 per share in 2016. Excluding certain items management considers not representative of ongoing operations, adjusted earnings were USD 2.65 per share. This was up 15% compared with the prior year of USD 2.31 per share and at the high end of management guidance of USD 2.60 to USD 2.65 per share. The company generated strong cash fl...
expand
26.795 Total news items since 1996
Next »
Page  1 2 3 4 5 6 7 8 9 10... Last of 638 
latest Order by:

All GlassOnline News

2018-05-21 |  Art & culture
The Corning Museum of Glass (CMoG) launched GlassBarge on 16 May, which will embark on a four-month tour offering free...

Increasedrevenue

2018-05-21 |  Company financial news
Revenue achieved in first half of fiscal year grows to EUR 2.8 billion – EBIT at prior-year level despite negative c...

OIgrigiologo

2018-05-21 |  Company news
O-I will cease production at its Atlanta, GA, plant, with closure expected to take place on or after 18 July 2018.

Puregrip

2018-05-21 |  Containers
Combined expertise from Foxx Life Sciences and Borosil Glass Works, Ltd. bring quality and innovation to the research...

Jackmurphy

2018-05-21 |  People
Trulite has appointed a new VP of sales and marketing, responsible for leading improvements in the field sales effort,...

SisecamLogocopy

2018-05-18 |  Company financial news
Sisecam Group reported consolidated net sales of TRY 3.1 billion and a net profit of TRY 569 million in the first...

13CHINA1

2018-05-18 |  Company news
During the recently-held China Glass, Mappi closed a deal for an ATS 4.0 Series 2,500 x 5,000mm tempering furnace with...

Oi16518

2018-05-18 |  Other news
O-I’s Jaroslaw (Poland) plant has hosted the final phase of training in the company’s global Plant Manager Development P...

Igephoto165

2018-05-18 |  Product news
IGE’s product range now includes window, door and curtain wall machinery from US company Parker.

IStock18269721916x9

2018-05-18 |  Science & technology
Scientists of the Russian Academy of Sciences (RAS) were recently involved in the development of a new kind of optical...

Capex

2018-05-17 |  Events
CAPEx 2018, India’s International Exhibition and Conference on Innovative Building Materials and Technologies, will be t...

Nodis

2018-05-17 |  Glazing / Insulating Glass
NODIS TruTintTM is the world’s first colour switchable smart glass technology, which transforms glass into electrically ...

Trainor

2018-05-17 |  Legal news
One of the most acrimonious takeover disputes in Europe, which raged for more than three years, is drawing to a close.

2018-05-17 |  Representative organizations
The GMIC has released a detailed and comprehensive report covering the glass manufacturing industry.

Financial

2018-05-16 |  Company financial news
During a conference call on 14 May, Research Frontiers reported and discussed its 1Q 2018 financial results.

BiesseGroupwecanjob

2018-05-16 |  Company news
Biesse Group has added two new members to its human resources department for America and Canada.

20111027123403Immagine

2018-05-16 |  Company news
Heye International has opened a training centre to provide specialist detailed hot- and cold-end training and support...

Legalissues

2018-05-16 |  Legal news
Jeld-Wen has been awarded USD 1.2 million in damages in a lawsuit with Steves & Sons over the possible misappropriation...

Stoelzleceo15518

2018-05-16 |  People
Georg Feith took over the position of CEO of the Stölzle Glass Group as of the beginning of May 2018.

SimpleApplication20180507002e1525716061203

2018-05-15 |  Coatings
A nanoparticle-based coating from MetaShield significantly enhances the impact resistance of both untempered and...

DGBJOBS38

2018-05-15 |  Glazing / Insulating Glass
SageGlass is integrating its dynamic glazing with Amazon Echo, enabling users to: “ … streamline everyday tasks that the...

20170405053153HWIlogo

2018-05-15 |  People
HarbisonWalker International has announced that Brad Cramer, General Counsel, and Judy Weisseg, director, Human...

KitchenMR

2018-05-15 |  Product news
The Fenzi Group range of water-based paints celebrates 10 years of success with Aquaglass NG. X, a new generation of...

DGPmOehUIAEKyh7

2018-05-15 |  Representative organizations
AAMA has named Janice Yglesias to lead the association, taking over from Rich Walker after 18 years.

Conferencecall

2018-05-14 |  Company financial news
Research Frontiers will release its first quarter 2018 financial results today, hosting a conference call to discuss...

Sisecam

2018-05-14 |  Company news
Sisecam Glass Packaging has won the ‘Golden Design Award’ with its Frederik beer glass bottle in the category of "pa...

Gerresheimer135

2018-05-14 |  Containers
Luxe Pack New York is taking place this week on 16 and 17 May in Manhattan. Gerresheimer will be there with its...

D398013b51c24d168545d596b5d81206

2018-05-14 |  Events
This year’s GlassBuild America is taking place 12-14 September 2018, in Las Vegas, Nevada.

ScreenShot20150512at546

2018-05-14 |  Photovoltaic glass
Japan’s Nippon Sheet Glass will invest USD 365 million in restarting a closed factory in Vietnam and the building of a n...

2018-05-11 |  Company financial news
Group revenue grew by 16.0% to EUR 189.9 million; EBITDA improved by 55.9% to EUR 27.7 million, EBIT almost doubled to...

AGPlogo

2018-05-11 |  Company financial news
AGP Group raises growth capital to further its global expansion plan and strengthen its technology leadership in...

Aw10518518

2018-05-11 |  Company news
At the recently-held edition of China Glass, A+W held intensive technical discussions with Chinese manufacturers in...

Antiexplosionglasspressglass

2018-05-11 |  Glazing / Insulating Glass
Press Glass’ IGUs have been certified as anti-explosion by ICiMB, thus confirming the quality of this type of glass.

GM20184

2018-05-11 |  Other news
Issue 4/18 of GMP&A (Glass Machinery Plants & Accessories) is now available online and in print format.

THinterior1j.

2018-05-10 |  Art & culture
Britain’s famous Kew Gardens has reopened the world’s largest Victorian glasshouse, after completing the largest res...

Arccardinallogo2copy

2018-05-10 |  Company news
During the upcoming edition of the National Restaurant Association Show, two leading tableware manufacturers will...

HeavydriveVSG900KSB1

2018-05-10 |  Handling
Heavydrive has always been focused on innovative technologies such as devices with electronic, battery or hybrid...

EDGSiemensHQ01

2018-05-10 |  Ig equipment
Petschenig glastec GmbH supplied 7,000 m2 of UNIGLAS SUN insulating glass units with Edgetech Europe GmbH Super Spacer® ...

20170405090341GuardianGlassLogotaglineColor

2018-05-10 |  Software
Glass Analytics is Guardian Glass’ new tool to replace the Guardian Configurator for improved glass performance a...

20180419084002ResearchFrontiersLogo

2018-05-09 |  Company news
Research Frontiers president and CEO Joseph Harary will present and serve as panellist on Disruptive Automotive...

Gerresheimerbeautyworldcopy

2018-05-09 |  Containers
Gerresheimer is at Beautyworld Middle East this week to present its latest glass creations for the international...

20131204114323emhart

2018-05-09 |  Hot-end equipment
Bucher Emhart Glass has recently supplied three more NIS machines to Industria Vidriera de Coahuila (IVC).

26.795 Total news items since 1996
Next »
Page  1 2 3 4 5 6 7 8 9 10... Last of 638 

Our Glass Magazines & Annual Guides Read online free of charge

Glass-Technology International
 
Glass Machinery Plants & Accessories
 
World Glass Directory
 
Flat Glass World Directory
 
Return to top

Powered by GlassOnline Logo

Copyright © A151 S.r.l. 1996-2018 - All rights reserved

A151 S.r.l. - publications@glassonline.com - Cookie policy
Registered office: Via Antonio Gramsci, 57 - 20032 Cormano (MI), Italy
Company registry - Milan, REA No.: MI-2111551 | Share capital: € 10,000 | P.IVA/VAT No.: IT 02769870342