Libbey Inc. Announces Second-Quarter 2019 Results
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Libbey (LBY) Reports Q2 Loss of $1.95, Revenues Miss
August 1, 2019 7:48 AM EDTLibbey (NYSE: LBY) reported Q2 EPS of ($1.95), versus $0.18 reported last year. Revenue for the quarter came in at $206.16 million versus the consensus estimate of $210.19 million.
Second-quarter 2019 Financial & Operating Highlights
Net sales were $206.2 million, a decrease of 3.5 percent, or a decrease of 2.5 percent in constant currency versus the prior-year period.Gross profit margin was 22.7 percent, an increase of 90-basis points versus the prior year.Net loss was ($43.8) million, compared to net income of $4.0 million in the second quarter of 2018. Net loss in the second quarter of 2019 was affected by non-cash... More