Libbey (LBY) Misses Q2 EPS by 14c
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Libbey Inc. Announces Second Quarter 2016 Financial Results
August 4, 2016 7:45 AM EDTTOLEDO, Ohio, Aug. 4, 2016 /PRNewswire/ --
Net sales decrease of 2.9 percent, or a 0.7 percent decline in constant currency Continued foodservice net sales growth of 1.9 percent, or 2.9 percent in constant currency Second quarter net income of $8.7 million, down $5.7 million, compared to the prior-year quarter; includes a $6.8 million pre-tax charge related to product portfolio optimization Second quarter Adjusted EBITDA of $39.8 million, up $5.3 million over the prior yearLibbey Inc. (NYSE MKT: LBY), one of the largest glass tableware manufacturers in the world, today reported... More
