Strong operating performance and volume growth drove higher earnings for O-I.
Growth in sales volume in Europe, North America and Asia Pacific outweighed the decline in South America.
Net sales in the third quarter of 2013 were $1.78 billion, up 2% over the prior year third quarter.
Volume, in terms of tonnes shipped, also increased 2% year-on-year. Europe’s volume increased 7% in wine, food and beer, and O-I’s efforts to win back wine customers continued to show traction across Southern Europe.
A delayed harvest in Europe shifted volumes into the third quarter, allowing food volumes to record double-digit gains.
Following adverse weather in the second quarter, beer volumes in the third quarter increased year-on-year in both Europe and North America. Volume growth in North America was also driven by non-alcoholic beverages.
In South America, a broad macroeconomic slowdown and a general strike in Colombia dampened demand.