Libbey Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended Dec. 31, 2018; Provides Sales Guidance for 2019
For the full year, the company reported total revenues were $801,093,000 compared to $785,156,000 for the same period last year. Income from operations was $27,040,000 compared to loss of $51,864,000 for the same period last year. Net loss was $7,956,000 or $0.36 per basic and diluted share compared to loss of $93,368,000 or $4.24 per basic and diluted share for the same period last year. Net sales were $797,858,000 compared to $781,828,000 a year ago.
For the year 2019, the company expects net sales increase in the low-single digits, compared to full-year 2018 sales, on a U.S. GAAP basis.