Libbey (LBY) Misses Q3 EPS by 39c, Revenues Miss

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Go back to Libbey (LBY) Misses Q3 EPS by 39c, Revenues Miss

Libbey Inc. Announces Third-Quarter Results

November 6, 2018 7:45 AM EST

TOLEDO, Ohio, Nov. 6, 2018 /PRNewswire/ -- Libbey Inc. (NYSE American: LBY), one of the world's largest glass tableware manufacturers, today reported results for the third quarter ended September 30, 2018.

Third-quarter 2018 Financial & Operating Highlights

Net sales were $190.8 million, compared to $187.3 million in the prior-year period, a 1.8 percent increase (or an increase of 2.9 percent, excluding a $2.0 million currency impact). Net loss was $5.0 million, compared to a net loss of $78.8 million in the third quarter of 2017. Included in third-quarter 2017 results was a $79.7 million non-cash goodwill impairment charge associated with the Latin America... More