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Owens Illinois Inc. (OI)

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  • Wed, May 13, 9:15 AM
  • Wed, May 13, 7:48 AM
  • Mon, Apr. 6, 3:56 PM
  • Thu, Mar. 19, 11:59 AM
  • Sep. 17, 2014, 8:37 AM
  • 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)
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  • 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.
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  • 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.
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  • 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)
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  • 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.
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  • 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.
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  • Sep. 6, 2012, 3:47 PM
    Owens-Illinois (OI +8.9%) tops the S&P 500 after CFO Stephen Bramlage backs its Q3 outlook despite tough market conditions, which takes on added significance since OI draws ~40% of its annual sales from Europe. The glass container company also recently reported a favorable ruling in an asbestos case and plans to buy back up to $75M of its shares.
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  • Apr. 10, 2012, 4:57 PM
    Owens-Illinois (OI) +7.8% AH following upward Q1 guidance forecasting EPS from continuing operations more than 35% higher than the prior year's $0.50, "primarily driven by good manufacturing performance as the company's facilities operated at greater than planned production rates."
  • Oct. 13, 2011, 10:06 AM
    Shares of Owens-Illinois (OI +5.9%) move higher after Jefferies issues positive comments to back up its Buy rating. The firm points to underlying fundamentals that are "tracking better than expected," and are encouraged by significant insider buying. "We believe shares are due for a nice bounce."
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  • Aug. 4, 2011, 3:32 PM
    Owens-Illinois (OI -4.7%) is down after Standard & Poor's lowered its outlook on the company late yesterday, saying higher costs and weak demand continue to pressure earnings.
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  • Jun. 15, 2011, 9:00 AM
    Premarket gainers: REE +6%. HMC +3%.
    Losers: SPWRA -16%. AVEO -10%. CPST -9%. OI -7%. BBEP -6%. NBG -6%. SMG -6%. NOK -5%. CTIC -5%. ASML -4%. STD -3%. SAP -3%. SDRL -3%. BBVA -3%. ALU -3%. MT -3%. CCL -3%. TOT -3%.
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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.