Libbey (LBY) Reports Q3 Loss of $3.57/Share

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Go back to Libbey (LBY) Reports Q3 Loss of $3.57/Share

Libbey Inc. Announces Third Quarter Results

October 31, 2017 7:45 AM EDT

TOLEDO, Ohio, Oct. 31, 2017 /PRNewswire/ -- Libbey Inc. (NYSE American: LBY), one of the largest glass tableware manufacturers in the world, today reported results for the third quarter ended September 30, 2017.

Business Highlights

Net sales $187.3 million, down 4.8 percent versus prior year, or down 6.2 percent in constant currency Net loss of $(78.8) million, down $81.7 million versus prior year, driven by a $79.7 million non-cash goodwill impairment charge associated with the Latin America segment Adjusted EBITDA (Table 1) $20.0 million, compared to $24.7 million in the third quarter of the prior... More