Libbey (LBY) Q4 Revenue Tops Views

Libbey (NYSE: LBY) reported Q4 EPS of ($0.32), versus ($0.10) reported last year. Revenue for the quarter came in at $224 million versus the consensus estimate of $212.74 million.

Outlook

The Company is anticipating improved global macroeconomic conditions in 2018. In addition, the Company expects that our industry and competitive trends will improve, but remain challenged. As such, outlook for full-year 2018 includes the following:

Net sales increase in the low single digits, compared to the full-year 2017, on a reported basis

Adjusted EBITDA margins of 10 percent to 11 percent (see Table 6)

Capital expenditures in the range of $50 million to $55 million

Selling, general and administrative expense as a percent of net sales around 17 percent

For the first half of 2018, the Company projects the following:

Net sales increase in the low single digits, when compared to the first half of 2017, on a reported basis

Adjusted EBITDA margins of 8.5 percent to 9.5 percent (see Table 6)

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

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