O-I Inc, reported fiscal Q4 EPS of US$ 0.49, ex-items, beating consensus estimates of 47 cents, at the end of January 2010. Chairman/CEO Al Stroucken commented on the company's outlook for fiscal 2010, said, "Globally, higher prices should more than offset cost inflation, which we anticipate will remain modest throughout the year. As the economy continues to recover, we expect global glass shipments will improve from the prior year. Results should benefit from lower fixed costs due to the Company's strategic footprint initiative, while non-operational costs will increase primarily due to higher pension expense. Despite the challenges of the global economic recession during the past two years, O-I enters 2010 well positioned to drive profitable growth as markets recover and we execute on our strategic priorities."
