Libbey (LBY) Tops Q2 EPS by 6c, Beats on Revenues; Affirms FY18 Outlook
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Libbey Inc. Announces Second-Quarter Results
July 31, 2018 7:45 AM EDTTOLEDO, Ohio, July 31, 2018 /PRNewswire/ --Â Libbey Inc. (NYSE American: LBY), one of the world's largest glass tableware manufacturers, today reported results for the second quarter ended June 30, 2018.
Second Quarter 2018 Financial & Operating Highlights
Net sales were $213.5 million, compared to $197.5 million in the prior-year period, an 8.1 percent increase (or an increase of 7.0 percent, excluding a $2.3 million currency impact). Net income was $4.0 million, compared to a net loss of $0.8 million in the second quarter of 2017. Adjusted EBITDA (see Table 1) was $26.8 million, compared to $20.2 million in... More