Insider Trading Review: Owens-Illinois Inc

Owens-Illinois Inc (NYSE:OI) insider has recently participated in insider trading activity. Director, HELLMAN PETER S bought 5,000 shares for $66,190 via one transaction Feb 11. Another notable insider trading was done by Lopez Andres Alberto on Nov 03, who is the Chief Operating Officer. The insider Sold 205 shares at an average price of $21.92. Moreover, an insider selling of 3,000 shares was carried out by MCMACKIN JOHN J JR, Director, on Sep 11. Following the transaction, the insider now owns 47,323 shares in total. President of O-I North America Galindo Sergio B.O. sold 5,236 shares for $125,990 through one transaction Jun 15. Following this sale, this insider’s stake in the company comprises 20,657 shares, priced at $281348.34 as of Tuesday.

The stock has experienced a total of 2 insider trades in the past three months. These trades include 0 sell activities and 2 buy trades. Furthermore, over the past 12 months, the stock was traded 31 times by insiders. In 10 of these trades, the insider was a seller while an employee of the company was the buyer in just 21 instances.

Owens-Illinois Inc (OI) on February 8, 2016 announced that it reported financial results for the full year and fourth quarter ending December 31, 2015.

• For full year 2015, the Company recorded a loss from continuing operations of $0.44 per share (diluted). Excluding certain items management considers not representative of ongoing operations, adjusted earnings were $2.00 per share, in line with management guidance. These results compared with $2.07 per share in 2014 on a constant currency basis.  The Company`s charge in 2015 for asbestos-related costs covers a four year period of estimated asbestos claims not yet asserted against the Company versus the three year period used in the prior year.


• Fourth quarter 2015 adjusted earnings were $0.40 per share, compared with $0.32 per share in the same period of 2014 on a constant currency basis.


• O-I generated $210 million of free cash flow for the full year 2015, modestly exceeding management guidance. This is on par with prior year free cash flow in constant currency, which was the Company`s second highest year on record.


• Global volumes for 2015 were up 3 percent compared to the prior year. Excluding the acquisition of Vitro`s food and beverage business volumes were on par with 2014. On a global basis, volumes of wine, spirits, food and non-alcoholic beverages all grew year-on-year.  While global beer volumes fell 1 percent, driven by a decline in mainstream beer, shipments into craft and premium beer continue to expand.


• The integration of the acquired business continues to progress well as evidenced by strong business performance to date and its contribution to free cash flow generation in the fourth quarter. The construction of the new furnace in Monterrey was finished by the end of 2015 and the realization of synergies has begun, with early savings in procurement.