Back to top

Image: Bigstock

Owens-Illinois, Inc.

Read MoreHide Full Article

For 2016, Owens-Illinois is targeting 1% volume growth and a 100 basis points expansion in segment margins. The company maintained its adjusted earnings per share guidance for 2016 in the range of $2.25–$2.35. It will benefit from the Vitro's food and beverage business buyout. The acquired business will contribute annual revenues of $945 million to Owens-Illinois’ business. Further, successful joint venture with Constellation and asset optimization program in Europe will also drive its results. These are well reflected in the company’s positive record of earnings surprises in recent quarters.

In-Depth Zacks Research for the Tickers Above

Normally $25 each - click below to receive one report FREE:

OI Glass, Inc. (OI) - free report >>

Published in