Libbey (LBY) Misses Q2 EPS by 21c, Slight Miss on Revenues; Reaffirms FY17 Outlook

Libbey (NYSE: LBY) reported Q2 EPS of ($0.04), $0.21 worse than the analyst estimate of $0.17. Revenue for the quarter came in at $197.5 million versus the consensus estimate of $198.29 million.

Outlook

Today the Company affirmed its previous full-year 2017 outlook, but indicated that it expects Adjusted EBITDA margin (see Table 6) to be near the low end of its previously provided 11 percent to 13 percent range. The Company still expects:

• Net sales decline in the low-to-mid single digits, compared to the full year 2016, on a reported basis, with continued currency headwinds
• Capital expenditures of approximately $50 million

For earnings history and earnings-related data on Libbey (LBY) click here.

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