Libbey Inc. Announces Third-Quarter 2019 Results
LIBBEY (LBY)
NASDAQ:AMEX Investor Relations:
investor.libbey.com/home/default.aspx
Company Research
Source: PR Newswire
TOLEDO, Ohio, Oct. 28, 2019 /PRNewswire/ -- Libbey Inc. (NYSE American: LBY), one of the world's largest glass tableware manufacturers, today reported results for the third quarter of 2019 ended September 30, 2019.Third-quarter 2019 Financial & Operating HighlightsNet sales were $192.4 million, an increase of 0.9 percent, or an increase of 2.0 percent in constant currency versus the prior-year period. Selling, general and administrative expense was reduced by $2.4 million versus the prior year. Net loss improved to ($3.5) million, compared to net loss of ($5.0) million in the third quarter of 2018. Adjusted Income from Operations (see Table 4) increased 2.8 percent to $6.4 million. Adjusted EBITDA (see Table 1) increased 1.5 percent versus the prior year to $16.3 million. Net cash provided by operating activities improved $5.1 million, driving incremental Free Cash Flow (see Table 2) of $10.3 million compared to the third quarter of 2018."I am pleased to report that Libbey delivered y
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