Owens-Illinois, Inc.
 (OI)

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  • Jun. 24, 2013, 2:34 PM

    The glass is half full for Owens Corning (OI -1.2%) with soda companies (KO, PEP, DPS) continuing to see demand for glass bottle products increase at a faster rate than plastic ones. Though glass bottles only account for 2% of soda drink sales, the niche had higher profit margins while boosting sales at a respectable 4.5% clip last year. All three major soda companies say they will try moving more brands to glass.

    | Jun. 24, 2013, 2:34 PM | 4 Comments
  • May 24, 2013, 8:07 AM

    Oil traders might have an opportunity in the recently-narrowed spread between WTI crude (USO) and Brent (BNO), says Goldman. Though expecting further narrowing in the near-term, the team recommends selling WTI Dec. 2014 contracts and buying equivalent Brent as rising Gulf Coast supplies later this year and in 2014 should pressure WTI prices.

    | May 24, 2013, 8:07 AM
  • Apr. 23, 2013, 12:10 AM

    Notable earnings after Tuesday’s close: AAPL, ACC, AMGN, AWAY, BCR, BRCM, CREE, DV, EW, FBC, FTI, HA, HBI, HLIT, HTS, IRBT, ITC, JNPR, LIFE, NBR, NFX, NSC, OI, OII, OMI, PACB, PLCM, PNRA, RFMD, RHI, T, UIS, USNA, VMW, WRB, YUM, ZIXI

    | Apr. 23, 2013, 12:10 AM
  • Apr. 22, 2013, 5:35 PM

    Notable earnings after Tuesday’s close: AAPL, ACC, AMGN, AWAY, BCR, BRCM, CREE, DV, EW, FBC, FTI, HA, HBI, HLIT, HTS, IRBT, ITC, JNPR, LIFE, NBR, NFX, NSC, OI, OII, OMI, PACB, PLCM, PNRA, RFMD, RHI, T, UIS, USNA, VMW, WRB, YUM, ZIXI

    | Apr. 22, 2013, 5:35 PM
  • Jan. 30, 2013, 5:07 PM
    More on Owens-Illinois (OI): Q4 beats on earnings albeit on lowered expectations due to a slowdown in its European business. Net losses narrowed - despite a 3.9% dip in net sales and a tightening of gross margins- after the bottle maker posted a goodwill-related charge of $3.86 per share a year earlier. Looking into FY13, the company said it expects continued growth in emerging regions and stable market conditions in North America, but added that ongoing economic uncertainty continues to muddy its forecast for Europe.
    | Jan. 30, 2013, 5:07 PM
  • Jan. 30, 2013, 4:52 PM
    Owens-Illinois (OI): Q4 EPS of $0.4 beats by $0.03. Revenue of $1.75B. Shares +2.8% AH. (PR)
    | Jan. 30, 2013, 4:52 PM
  • Jan. 30, 2013, 12:10 AM

    Notable earnings after Wednesday’s close: ALGN, AMP, ATW, AVB, CDNS, CLB, CMO, COP, CTXS, DRE, EA, EDMC, FB, FIO, FTNT, JDSU, LVS, MUR, NOW, NXPI, OI, QCOM, QTM, STM, SWKS, TSCO

    | Jan. 30, 2013, 12:10 AM
  • Jan. 29, 2013, 5:35 PM

    Notable earnings after Wednesday’s close: ALGN, AMP, ATW, AVB, CDNS, CLB, CMO, COP, CTXS, DRE, EA, EDMC, FB, FIO, FTNT, JDSU, LVS, MUR, NOW, NXPI, OI, QCOM, QTM, STM, SWKS, TSCO

    | Jan. 29, 2013, 5:35 PM
  • Oct. 26, 2012, 1:39 PM
    Owens-Illinois (OI -2.5%) trades lower today, ignoring an early morning upgrade to Buy on valuation at BofA/Merrill Lynch. The firm says headwinds for the company have diminished and most of the negative news and earnings revisions appear behind it. Management also appears more attuned to capital returns and free cash flow generation, which warrants an expansion in valuation multiples.
    | Oct. 26, 2012, 1:39 PM
  • Oct. 25, 2012, 1:41 PM
    Owens-Illinois (OI +3.3%) moves up in spite of posting a mixed Q3 report yesterday. The company beat on a per share basis, but came up shy on revenue. Net earnings fell 23% Y/Y as the bottle maker suffered from sluggish beer consumption in the U.S. and Europe, while its bottom line was negatively impacted by rising raw-materials, energy and transportation costs.
    | Oct. 25, 2012, 1:41 PM
  • Oct. 24, 2012, 4:28 PM
    Owens-Illinois (OI): Q3 EPS of $0.69 beats by $0.02. Revenue of $1.81B (-5.2% Y/Y) misses by $60M. Shares +1.9% AH. (PR)
    | Oct. 24, 2012, 4:28 PM | 1 Comment
  • Oct. 24, 2012, 12:10 AM

    Notable earnings after Wednesday’s close: AB, ACOM, AEM, AKAM, AMP, CCI, CDNS, CLF, CMO, CROX, CTXS, EGHT, ENTR, EQR, FFIV, FIO, IDCC, INFN, KBR, LOGI, LSI, OI, ORLY, RRC, RYL, SGMO, SIMO, SPN, SRCL, SYMC, SYNC, TAL, TER, TEX, TLAB, TQNT, TRN, TSCO, TWI, WLL, WYNN, XNPT, ZNGA

    | Oct. 24, 2012, 12:10 AM
  • Oct. 23, 2012, 5:35 PM

    Notable earnings after Wednesday’s close: AB, ACOM, AEM, AKAM, AMP, CCI, CDNS, CLF, CMO, CROX, CTXS, EGHT, ENTR, EQR, FFIV, FIO, IDCC, INFN, KBR, LOGI, LSI, OI, ORLY, RRC, RYL, SGMO, SIMO, SPN, SRCL, SYMC, SYNC, TAL, TER, TEX, TLAB, TQNT, TRN, TSCO, TWI, WLL, WYNN, XNPT, ZNGA

    | Oct. 23, 2012, 5:35 PM
  • Oct. 5, 2012, 3:25 PM

    Owens-Illinois (OI +4%) is raised to Buy with a $28 price target (up from $20) at Goldman Sachs, which says the change in capital allocation strategy ushered in by the new CFO will drive OI's' EV/EBITDA multiple back to historical average levels. OI also says it will use 90% of its cash over the next two years for debt reduction vs. a previous focus on M&A.

    | Oct. 5, 2012, 3:25 PM
  • Sep. 21, 2012, 3:54 PM

    Maybe behind the plunge in crude earlier this week: Speculative longs were near an all-time high as of Tuesday, according to the CFTC's Commitment of Traders report. A chart of speculator positions vs. the price of oil over time shows spiking longs often presaging a quick reversal in price. (via)

    | Sep. 21, 2012, 3:54 PM | 1 Comment
  • Sep. 7, 2012, 9:40 AM
    Owens-Illinois (OI +2.1%) extends yesterday's gains as activist investor Alexander Roepers’ Atlantic Investment Management raises its stake in the glass container company and says it will continue active discussions with management on actions to increase shareholder value, according to an SEC filing.
    | Sep. 7, 2012, 9:40 AM
Company Description
Owens-Illinois Inc is a manufacturer of glass containers in Europe, North America, Asia Pacific and South America. The main product lines are glass containers for the food and beverage industries.