Libbey (LBY) Reports Q4 Loss of $0.10/Share

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Go back to Libbey (LBY) Reports Q4 Loss of $0.10/Share

Libbey Inc. Announces Fourth Quarter and Full-Year 2016 Financial Results

February 28, 2017 7:45 AM EST

TOLEDO, Ohio, Feb. 28, 2017 /PRNewswire/ -- Libbey Inc. (NYSE MKT: LBY), one of the largest glass tableware manufacturers in the world, today reported results for the fourth quarter ended December 31, 2016.

Full-Year 2016 Highlights

Net sales $793.4 million, down 3.5 percent versus prior year, or down 1.1 percent in constant currency Net income $10.1 million, down $56.3 million versus prior year; 2015 included a non-repeating $43.8 million tax benefit; 2016 net income margin of 1.3 percent Adjusted EBITDA $109.8 million, down $6.4 million versus prior year;  2016 Adjusted EBITDA margin of 13.8 percent Company estimates Toledo work stoppage negatively impacted... More