Libbey (LBY) Misses Q1 EPS by 5c

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Go back to Libbey (LBY) Misses Q1 EPS by 5c

Libbey Inc. Announces First-Quarter 2019 Results

April 30, 2019 7:45 AM EDT

TOLEDO, Ohio, April 30, 2019 /PRNewswire/ -- Libbey Inc. (NYSE American: LBY), one of the world's largest glass tableware manufacturers, today reported results for the first quarter ended March 31, 2019.

First-quarter 2019 Financial & Operating Highlights

Net sales were $175.0 million, compared to $181.9 million in the prior-year period, a 3.8 percent decrease (or a decrease of 2.1 percent, excluding a $3.2 million currency impact). Gross profit was $34.0 million, or 19.4 percent of net sales compared to $33.7 million or 18.5 percent of net sales in the first quarter of the prior year.... More