O-I Reports First Quarter Results

Owens-Illinois, Inc. reported its first quarter 2006 financial results."While the first quarter was an extremely difficult comparison to theprior year, we are pleased by our executional momentum against our corepriorities.

Despite unprecedented inflationary cost pressures of nearly $100million in the quarter and unfavorable currency translation, we were able tooffset a significant portion of these through revenue increases andproductivity 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.

600450 O-I Reports First Quarter Results glassonweb.com
Date: 3 May 2006
Source: O-I

See more news about:

Others also read

Owners of Lincoln Glass in Newport, Dan and Elayne Mason, celebrated their 50th anniversary in the business this year. Dan's parents, John and Grace Mason, established Lincoln Glass in 1956 and oversaw day-to-day operations for 20 years.
Potters Industries Inc., an affiliate of PQ Corporation, announced today that, effective February 15, 2007, the price on all Metal Finishing Glass Bead and Ground Glass product shipments will increase up to 3 cents a pound.
Edward A. Shriver Jr., a Pittsburgh architect who works in retail store design, encourages architects and retail owners alike to "think outside the box," light years away from the designs that have dominated American retail architecture in recent decades.
Hoya Corp., Japan's largest optical glass maker, agreed to buy camera maker Pentax Corp. for 90.6 billion yen ($765 million) to add endoscopes and surgical scissors.
Strange specimens of natural glass found in the Egyptian desert are products of a meteorite slamming into Earth between 100,000 and 200,000 years ago, scientists have concluded.
ZF.com reported that Tarnaveni (Romania)-based Gecsat, estimates an approximately 6.4 million-euro turnover for this year, a 16% drop against last year, when the company posted a 7.6 million-euro turnover.

Add new comment