"This quarter marks the company's ninth consecutive quarter of higher earnings year-over-year," said Andres Lopez, CEO.

Net sales were $1.7 billion, an increase of nearly 8 percent compared to the prior year, due to higher prices and favorable currency translation. Total glass container shipments in the first quarter of 2018 were comparable to the prior year quarter, with low-single-digit gains reported in the Americas.

In Europe, sales volumes continue to be robust. Shipments in first quarter 2018 were essentially on par with the strong comparable in the prior year and are 4 percent higher than 2016. In Europe, segment operating profit was $72 million, up more than 20 percent, and segment operating profit margins improved a healthy 60 basis points. Favorable price-cost spread, cost savings from the closure of a plant in the Netherlands in 2017, the stronger Euro, and on-going benefits of Total Systems Cost efforts were the primary drivers.

For all regions, the Company is maintaining its annual guidance for earnings and cash flow.

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