Libbey (LBY) Reports Q4 Loss of $0.76

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Go back to Libbey (LBY) Reports Q4 Loss of $0.76

Libbey Inc. Announces Fourth-Quarter And Full-Year 2019 Financial Results And Provides 2020 Annual Outlook

February 25, 2020 7:45 AM EST

TOLEDO, Ohio, Feb. 25, 2020 /PRNewswire/ -- Libbey Inc. (NYSE American: LBY), one of the world's largest glass tableware manufacturers, today reported results for the fourth quarter ended December 31, 2019.

Fourth-quarter 2019 Financial & Operating Highlights

Net sales were $208.9 million, a decrease of 1.3 percent, or a decrease of 1.1 percent in constant currency versus the prior-year period. Net loss was ($17.3) million, compared to net loss of ($4.0) million in the fourth quarter of 2018. Net loss in the fourth quarter of 2019 was affected by a $18.3 million non-cash impairment of... More