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Last $20.82 USD
Change Today +0.05 / 0.24%
Volume 1.9M
OI On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

owens-illinois inc (OI) Key Developments

Owens-Illinois, Inc. Hires Tim Connors as Chief Marketing Officer

Owens-Illinois, Inc. hired Tim Connors as Chief Marketing Officer. He brings a wealth of rich packaging experience to the company. Tim Connors, formerly the General Manager of Australia and Asia Pacific CFO, succeeded Sergio as President of Asia Pacific.

Owens-Illinois, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Full Year 2015

Owens-Illinois, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company's net sales were $1,543 million compared with $1,797 million a year ago. Earnings attributable to the company from continuing operations were $42 million or $0.26 per diluted share compared with $134 million or $0.80 per diluted share a year ago. Adjusted earnings were $97 million or $0.60 per share compared with $134 million or $0.80 per share a year ago. Earnings from continuing operations before income taxes were $62 million compared with $179 million a year ago. Net earnings attributable to the company were $40 million or $0.25 per diluted share compared with $114 million or $0.68 per diluted share a year ago. For the six months, the company's net sales were $2,964 million compared with $3,436 million a year ago. Earnings attributable to the company from continuing operations were $113 million or $0.69 per diluted share compared with $236 million or $1.42 per diluted share a year ago. Adjusted earnings were $168 million or $1.03 per share compared with $236 million or $1.42 per share a year ago. Earnings from continuing operations before income taxes were $162 million compared with $313 million a year ago. Net earnings attributable to the company were $111 million or $0.68 per diluted share compared with $215 million or $1.29 per diluted share a year ago. Total cash utilized in operating activities was $112 million compared with $33 million a year ago. Additions to property, plant and equipment was $208 million compared with $196 million a year ago. The company expects adjusted EPS for full year 2015 to be in the range of $2.00 to $2.20 per share and free cash flow to be approximately $250 million for the year. The company expects that full year 2015 tax rate will be between 23% and 25%.

Owens-Illinois, Inc. to Report Q2, 2015 Results on Jul 29, 2015

Owens-Illinois, Inc. announced that they will report Q2, 2015 results After-Market on Jul 29, 2015

Owens-Illinois, Inc. Announces Executive Changes

Owens-Illinois, Inc. announced that Sergio Galindo has been named president of O-I North America and Tim Connors has been named president of O-I Asia Pacific, effective June 1, 2015. Galindo, currently president of O-I's Asia Pacific region, brings 20 years of experience to his new role and will be responsible for O-I operations in U.S. and Canada. Connors currently serves as general manager of O-I's Australian operations, which drive the large portion of O-I's business in the region. As president of O-I Asia Pacific, Connors will be responsible for O-I's business in Australia, New Zealand, Indonesia and China, as well as the company's joint venture interests in Malaysia and Vietnam. In his 18-year career at O-I, Connors has served in a variety of finance, manufacturing and business strategy roles. Prior to being named general manager of O-I Australia, he was vice president of finance for the Asia Pacific region for three years.

Owens-Illinois, Inc. Presents at Macquarie's Triple M: Global Metals, Mining & Materials Conference 2015, Jun-10-2015 08:45 AM

Owens-Illinois, Inc. Presents at Macquarie's Triple M: Global Metals, Mining & Materials Conference 2015, Jun-10-2015 08:45 AM. Venue: Omni Berkshire Place, 21 East 52nd Street (Between Madison & 5th Avenues), New York, NY 10022, United States. Speakers: John A. Haudrich, Acting Chief Financial Officer, Vice President of Finance and Corporate Controller.

 

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