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News Breaks
January 30, 2013
16:10 EDTOIOwens-Illinois sees 2013 adjusted EPS $2.60-$3.00, consensus $2.82
The company said, "We expect continued growth in emerging regions and stable market conditions in North America. Macroeconomic uncertainty continues to challenge visibility in Europe. In all, our global presence should enable us to achieve modest volume growth in 2013, and we see higher prices keeping pace with cost inflation. We are focused on our global cost reduction initiatives and our European asset optimization program, which will drive continued growth in free cash flow and earnings. While deleveraging remains our number one priority for capital allocation, shareholders should expect continued modest share repurchases. O-I expects full-year 2013 free cash flow to be at least $300M and adjusted earnings to be in the range of $2.60 to $3.00 per share."
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