O-I Reports Q4 Adjusted EPS of $.45

Owens-Illinois, Inc. OI today reported financial results for the full year and fourth quarter ending December 31, 2010. Fourth-quarter net sales from continuing operations were $1.73 billion in 2010, flat with the prior year. The loss from continuing operations attributable to the Company in the fourth quarter of 2010 was $83 million, or $0.51 per share, compared with a loss from continuing operations, in the prior year, of $169 million, or $1.01 per share. Exclusive of the items not representative of ongoing operations listed fourth-quarter 2010 adjusted net earnings were $76 million, or $0.45 per share (diluted), compared to adjusted net earnings in the prior year fourth quarter of $74 million, or $0.43 per share (diluted).