$OI (Owens-Illinois, Inc.)

$OI {{ '2016-07-27T23:20:37+0000' | timeago}} • Announcement

Glass container manufacturer $OI reported a jump in 2Q16 earnings driven by higher sales, backed by the purchase of Vitro's food and beverage business. Net income rose to $105MM or $0.64 per share from $40MM or $0.25 per share last year. Net sales grew to $1.76Bil from $1.54Bil. Adjusted EPS increased to $0.65 from $0.60.

$OI {{ '2017-03-20T16:55:54+0000' | timeago}} • Announcement

$OI unit OI European Group intends to offer EUR 200MM aggregate principal amount of its 3.125% senior notes due 2024 in a private offering. The unit expects to use net proceeds from the offering to repay a portion of its outstanding revolving credit facility borrowings under the credit agreement.

$OI {{ '2017-03-08T16:34:06+0000' | timeago}} • Announcement

$OI commenced an offer to buy for cash any and all of its outstanding 7.80% Senior Debentures due 2018. As of March 8, 2017, there was $250MM aggregate principal amount of Debentures outstanding. The tender offer will expire on March 14, 2017, unless earlier terminated or extended.

$AVY {{ '2017-02-03T13:23:03+0000' | timeago}} • Announcement

$AVY's BoD appointed Andres Lopez as a director, effective Feb. 1, 2017. Lopez is the president, CEO and executive director of $OI.

$OI {{ '2016-10-26T19:50:45+0000' | timeago}} • Webcast

$OI said it is seeing a very positive progress coming from $STZ, ahead of taking advantage of the imported beer growth. The company is seeing very positive performance in the non-alcoholic beverages too. Wine and spirits are performing well, so all of those are helping to have the positive demand that the company is seeing at this point.

$OI {{ '2016-10-26T19:30:48+0000' | timeago}} • Webcast

$OI has seen lower demand in Brazil, partially offset by strong performance in primarily Colombia and Peru along the year. The company said cost containment remained the high focus and are expected to continue doing so. Overall, $OI continues to see low demand in Brazil, yet seeing some very early signs of slightly change in trends.

$OI {{ '2016-10-26T19:13:00+0000' | timeago}} • Webcast

While still experiencing positive momentum in Europe through end of this year, $OI is falling short of ambitious goal of 150 basis point margin expansion, as it invests in asset stability, production downtime needed to effect operational improvements was bit higher than expected. The impact from weak British pound is weighing on $OI's margins.

$OI {{ '2016-10-26T19:09:07+0000' | timeago}} • Webcast

$OI continues to expect 1% annual organic volume growth this year in line with its full year target. This is despite macro headwind dampening demand in selected geographies in Latin America. The company continues to expect overall segment operating margin expansion of greater than 100 basis points.

$OI {{ '2016-10-25T23:29:14+0000' | timeago}} • Announcement

$OI narrowed its 2016 EPS guidance to range of $2.21-2.26 from prior estimate of $2.18-2.29 and its adjusted EPS outlook to $2.27-2.32 from prior range of $2.25-2.35. After deducting additions to property, plant and equipment of about $450MM, free cash flow for 2016 is still expected to be about $300MM, which is consistent with prior forecast.

$OI {{ '2016-10-25T23:26:47+0000' | timeago}} • Announcement

Glass container manufacturer $OI reported a jump in 3Q16 earnings as the acquisition of Vitro's food and beverage business drove sales. Net income rose to $108MM or $0.66 per share from $17MM or $0.10 per share last year. Net sales grew to $1.71Bil from $1.57Bil. Adjusted EPS increased to $0.68 from $0.57.

$OI {{ '2016-07-28T19:37:44+0000' | timeago}} • Webcast

Analyst Chip Dillon with Vertical Research seeks an update on $OI's free cash flow outlook - how the number would look like in 2017. CFO Jan Bertsch says the 2017 forecast was about $250-$270MM. "Now, we're running ahead of that already this year by $20MM....we're positioned quite well now based on everything that's happening this year."

$OI {{ '2016-07-27T23:26:02+0000' | timeago}} • Announcement

$OI still expects 2016 EPS of $2.18-2.29 and adjusted EPS of $2.25-2.35, which affirms prior guidance. After deducting additions to property, plant and equipment of about $450MM, free cash flow for 2016 is expected to be about $300MM, which is consistent with prior guidance.

$OI {{ '2016-07-27T23:23:54+0000' | timeago}} • Announcement

$OI's net sales for 2Q16 increased by 14% from last year. The company's investment in non-organic growth is driving the top line higher, the purchase of Vitro's food and beverage business generated $234MM in net sales due to strong shipments within Mexico and to the U.S. Price was up $18MM on price adjustments that reflect cost inflation.

$OI {{ '2016-07-27T23:20:37+0000' | timeago}} • Announcement

Glass container manufacturer $OI reported a jump in 2Q16 earnings driven by higher sales, backed by the purchase of Vitro's food and beverage business. Net income rose to $105MM or $0.64 per share from $40MM or $0.25 per share last year. Net sales grew to $1.76Bil from $1.54Bil. Adjusted EPS increased to $0.65 from $0.60.

$OI {{ '2016-05-27T10:47:49+0000' | timeago}} • Announcement

$OI said it has elected its CEO Andres Lopez and $HDS' Chairman, President and CEO to its BoD. The company also appointed Carol Williams as its Chairman of the Board, effective immediately.

$OI {{ '2016-05-27T07:24:07+0000' | timeago}} • Announcement

Glass container maker $OI said it has elected its CEO Andres Lopez and Joseph DeAngelo, Chairman and CEO of $HDS, to its BoD. Company also said it has appointed Carol Williams, who had retired from $DOW, as Chairman of the Board, effective immediately. Williams replaces Al Stroucken following the expiration of his Board term.

$OI {{ '2016-05-03T13:54:40+0000' | timeago}} • Webcast

For 2Q16, $OI expects adjusted EPS to be $0.60-0.65, slightly above 2Q15. Earnings are expected to be up over 10% on a comparable basis. Corporate expense is expected to be about $25MM and decline sequentially thereafter. Tax rate on management earnings is expected to be at the low and of 26-28% range for 2Q16 and 2016.

$OI {{ '2016-05-03T13:54:14+0000' | timeago}} • Webcast

$OI's total asbestos-related accrual is expected to be $806MM at end 1Q16 versus $522MM at end FY15. Company is amending its 2015 10-K to reflect total liability for asbestos-related costs with the 2013-2015 time period reflecting the revised methodology. This will have no impact on cash, adjusted EPS, and on company's current or future business.

$OI {{ '2016-05-03T13:52:18+0000' | timeago}} • Webcast

Container glass specialist $OI delivered segment operating profit of $211MM in 1Q16, up more than 25% versus 1Q15. On a constant currency basis, company grew operating profit by more than one-third in the quarter.

$OI {{ '2016-05-02T21:51:26+0000' | timeago}} • Announcement

$OI expects adjusted EPS for full year 2016 to be $2.25-2.35 which is higher than prior guidance of $2.10-2.25. The company expects free cash flow for 2016 to be approx. $300MM which exceeds the prior guidance of approx. $280MM.

$OI {{ '2016-05-02T21:48:40+0000' | timeago}} • Announcement

In 1Q16, $OI reported sales of $563MM in its largest segment, Europe, down compared to $567MM in 1Q15. In North America, sales were $532MM and in Latin America, sales were $312MM. In Asia-Pacific, sales were $159MM.

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