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
1.178 Total news items in the last year
Next »
Page  1 2 3 4 5 6 7 8 9 10... Last of 29 
latest Order by:

GlassOnline News in the last year

6217Meindl

2018-02-21 |  Company news
Horn Glass has restructured and expanded its leadership in its business areas ranging from container and special glass...

Zeissloxia2425productsml

2018-02-21 |  Product news
Zeiss has added a new 25mm f/2.4 wide angle prime lens, to its Loxia manual-focus line-up for Sony's full frame E-mount...

Logocopy

2018-02-21 |  Hot-end equipment
Bormioli Luigi’s sealed frit dosing system for colouring forehearth has been installed and commissioned by Italian G...

GPEhomethumb02

2018-02-21 |  Screen printing equipment
Gpe Ardenghi will be among the exhibitors at Glass Pack 2018, taking place 29 May to 1 June at Fiera Rho, Milan,...

Celsiancourse395212c1ctcopy

2018-02-21 |  Representative organizations
CelSian will be holding its UK glass course for the employees of the glass producing industry and related suppliers in...

BavellonivColour

2018-02-20 |  Edging
Bavelloni will be at Eurasia Glass 2018 with its products, offering live demos and meeting with customers.

Images

2018-02-20 |  Containers
Bormioli Pharma starts 2018 with stability drive, providing pre-dosed solvent and drug powder oral delivery product for...

40419PLIB3097

2018-02-20 |  Company news
AGC will be at KBB 2018 with its market leading Lacobel glossy and Matelac matte painted glass ranges, as well as AGC...

5a84183a17d64

2018-02-20 |  Furnace technology
NorthGlass and HHH Tempering Resources have built the world’s largest full-convection, flat glass furnace.

Purity

2018-02-20 |  Markets & trends
Reports Monitor has published the Global Soft Drink Packaging Market 2018, dealing with products and applications,...

GMICmockup3revision3logo1copy

2018-02-19 |  Representative organizations
GMIC has published a glass industry report of over 135 pages, providing a detailed and comprehensive reference source.

Article1ImageLogo680510c1smartscale

2018-02-19 |  Company news
O-I is the first food and beverage packaging company to achieve gold rating for material health.

Zeisslogo0B0A09C40Bseeklogo

2018-02-19 |  Other news
Prestigious Research Award presented to two Swiss scientists - Prof. Tobias J. Kippenberg and Prof. Jean-Pierre Wolf;...

EntCenter

2018-02-19 |  Glazing / Insulating Glass
The Ent Center for the Arts, the first purpose-built performing and visual arts centre at the University of Colorado,...

Acquisitions

2018-02-19 |  Mergers, acquisitions & disposals
Allegion has announced that it is to acquire AD Systems, a company that designs and manufactures high-performance...

Equitycapitalmarkets

2018-02-16 |  Company financial news
Libbey will announce its fourth quarter and full-year financial results on Tuesday 27 February.

GMICmockup3revision3logo1copy

2018-02-16 |  Representative organizations
GMIC has developed its new Career Center with updated features for employers and job seekers.

HAPR0185NewCompactHPR20GasAnalyserFamily

2018-02-16 |  Product news
Hiden Analytical’s new HPR-20 range of application-specific compact benchtop gas analysers’ system is configured for fas...

Hornlogo

2018-02-16 |  People
Horn Glass Industries has announced that Mr. Jatzwauk has officially retired from the Executive Board.

2018-02-16 |  Science & technology
Komi Science Center has reportedly developed glass that is as strong as other reliable materials, including diamonds.

Financialresults

2018-02-15 |  Company financial news
Isra announces stock split and higher dividend; further acquisitions targeted.

Ed4814a3d87b41c396bf52f3fbbb7d99

2018-02-15 |  Company news
After opening its new facility in Delft, Holland, in 2017, AGR recently celebrated a ‘grand opening’ in the presence of ...

FitLineEN

2018-02-15 |  Ig equipment
LiSEC presents its FitLines insulating glass lines, with proven components at the highest technical level, good product...

Itavisualperception02evanescencedemwebcom

2018-02-15 |  Product news
With Visual Perception 02 Evanescence glass, the Madras® range provides architecture with a material with unique ...

1012031642130ChinaGlass2011

2018-02-15 |  Events
China Glass was started up in 1986, and has been held successfully 28 times. This year’s event, to take place in S...

Agclogotxtcopy

2018-02-14 |  Company news
A recent leak at the AGC Float Glass plant in Tennessee was, says the company, dealt with in the best way possible,...

PilkingtonOptiShower

2018-02-14 |  Product news
Pilkington OptiShower™ has a special surface coating, helps to keep the shower enclosure transparent and clean over t...

2459867

2018-02-14 |  Containers
XPAR Vision’s CEO Paul Schreuders recently made a keynote presentation part of the Future Glass Forum, that focused on I...

Logo124

2018-02-14 |  Furnace technology
The recent installation of tempering furnaces at two US companies demonstrated how Mappi is focused on the customer:...

Turomasx142

2018-02-14 |  Storage and handling
Al-Andalus Glass Co. has just installed a fully automated high-performance Turomas line for the storage, loading and...

Stoelzle

2018-02-13 |  Decoration
Quali Glass Coat 2.0 is a new environmentally friendly technique of applying powder coating to glass, developed by...

2018-02-13 |  Events
GPD Istanbul, taking place 7-10 March, will include a day dedicated to the latest innovations showcased by start-ups...

Logosaintgobainrgb2

2018-02-13 |  Company news
Saint-Gobain has been recognized as top employer in the US by the Top Employers Institute for its employee offerings...

Logoneu

2018-02-13 |  Company news
Conflict-free raw material sourcing remains a key element of the H.C. Starck strategy; company has already now managed...

Cellphones

2018-02-13 |  Science & technology
Mirage Diamond Glass is a special glass that is reinforced with diamonds and which, says its manufacturers Akhan...

Financialreports

2018-02-12 |  Company financial news
This summary of Glaston Corporation's financial statements bulletin 2017 shows that Glaston’s markets continued to pick ...

Jenoptiklogocopy

2018-02-12 |  Company news
At the start of the 2018 fiscal year, Jenoptik welcomed around 600 guests to this year’s New Year’s reception in Jena. T...

CsmfutronicFrankEbersbach800x54517769b2238

2018-02-12 |  People
Frank Ebersbach, futronic’s new Head of Development, will be following in ex-Managing Director Wolfgang Lachmann’s huge ...

ChrisLeonard500px96dpi

2018-02-12 |  People
The new Director of Development and Product Management at AMETEK Land is Christopher Leonard, who has over 20 years of...

Results

2018-02-12 |  Company financial news
Ferro will host its fourth quarter results conference call on 1 March. Ferro participants will be: Peter Thomas,...

ClarvistaGlassVitro0

2018-02-09 |  Other news
Vitro Architectural Glass’ new Vitro Architectural Glass highlights the beauty, durability and value of premium shower g...

BYGLEasyLiftWINDOW04

2018-02-09 |  Machinery developments
At this year’s Fensterbau/Frontale in Nuremberg, Bystronic will be there to show its product range the Easy-Lift WINDOW ...

1.178 Total news items in the last year
Next »
Page  1 2 3 4 5 6 7 8 9 10... Last of 29 

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-2022277 | Share capital: € 10,000 | P.IVA/VAT No.: IT 08386450962