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O-I Reports First Quarter Results
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Owens-Illinois, Inc. reported its first quarter 2006 financial results.
"While the first quarter was an extremely difficult comparison to the
prior year, we are pleased by our executional momentum against our core
priorities. Despite unprecedented inflationary cost pressures of nearly $100
million in the quarter and unfavorable currency translation, we were able to
offset a significant portion of these through revenue increases and
productivity improvements. In addition, we were able to balance cash flow
performance through our continuing focus on working capital and capital
expenditures," said Steve McCracken, O-I Chairman and Chief Executive Officer.
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May 3rd, 2006
Source: O-I |
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