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Last $39.50 USD
Change Today -0.77 / -1.91%
Volume 103.3K
As of 8:04 PM 05/29/15 All times are local (Market data is delayed by at least 15 minutes).

libbey inc (LBY) Snapshot

Open
$40.04
Previous Close
$40.27
Day High
$40.10
Day Low
$39.27
52 Week High
05/19/15 - $41.99
52 Week Low
07/28/14 - $22.36
Market Cap
862.8M
Average Volume 10 Days
131.0K
EPS TTM
$1.55
Shares Outstanding
21.8M
EX-Date
05/21/15
P/E TM
25.5x
Dividend
$0.44
Dividend Yield
0.56%
Current Stock Chart for LIBBEY INC (LBY)

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libbey inc (LBY) Details

Libbey Inc. manufactures and markets glass tableware products worldwide. It offers glass tableware products, including tumblers, stemware, mugs, bowls, vases, salt and pepper shakers, shot glasses, canisters, candleholders, and various other items; glass bakeware; handmade glass tableware; and other glass products for original equipment manufacturers, such as blender jars and washing machine windows. The company also provides ceramic dinnerware products comprising plates, bowls, platters, cups, saucers, and other tableware accessories; metal flatware consisting of knives, forks, spoons, and serving utensils; and metal hollowware, including serving trays, pitchers, and other metal tableware accessories, as well as a line of ceramic dinnerware. In addition, it distributes fine stemware and other drinkware assortments; upscale serveware, decorative products, stemware, and drinkware for finer dining establishments; porcelain and bone china products; and tableware and giftware products. Libbey Inc. offers its products under the Libbey, Crisa, Royal Leerdam, World Tableware, Syracuse China, and Crisal Glass brand names. The company markets its products to foodservice distributors, mass merchants, department stores, retail distributors, national retail chains, specialty housewares stores, candle and food packers, decorators, breweries, distilleries, craft industries, gourmet food-packing companies, and customers using glass containers for candle and floral applications. Libbey Inc. was founded in 1818 and is headquartered in Toledo, Ohio.

6,553 Employees
Last Reported Date: 03/13/15
Founded in 1818

libbey inc (LBY) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $768.8K
Chief Financial Officer, Vice President and M...
Total Annual Compensation: $386.9K
Vice President, General Counsel, Secretary an...
Total Annual Compensation: $350.1K
Vice President of Human Resources
Total Annual Compensation: $306.2K
Strategic Consultant
Total Annual Compensation: $369.7K
Compensation as of Fiscal Year 2014.

libbey inc (LBY) Key Developments

Libbey Inc. Presents at Citi 2015 Global Consumer Conference, May-27-2015 09:50 AM

Libbey Inc. Presents at Citi 2015 Global Consumer Conference, May-27-2015 09:50 AM. Venue: The Plaza, a Fairmont Managed Hotel, Fifth Avenue at Central Park South, New York, NY 10019, United States. Speakers: Stephanie A. Streeter, Chief Executive Officer and Director.

Libbey Inc. Declares Quarterly Cash Dividend, Payable on June 9, 2015

Libbey Inc. announced that its board of directors declared the company's quarterly cash dividend of $0.11 per share. The dividend will be paid on June 9, 2015, to shareholders of record as of May 26, 2015.

Libbey Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Reiterates Earnings Guidance for the Year 2015

Libbey Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company’s net sales were $187.4 million, compared to $181.6 million for the first quarter of 2014, an increase of 3.2%. Net income was $3.1 million, compared to a net loss of $3.4 million in the prior-year first quarter. Adjusted net income was $3.6 million, compared to the $2.5 million adjusted net income recorded in the first quarter of 2014. Adjusted earnings before interest, taxes, depreciation and amortization for the quarter were $19.7 million, compared to $20.0 million in the prior-year quarter. The primary factors contributing to the change in adjusted EBITDA were the improved gross profit by higher SG&A expenses, as previously discussed, and was in line with its expectations. Income from operations was $8,096,000 compared to $3,461,000 a year ago. Earnings before interest and income taxes were $8,923,000 compared to $3,139,000 a year ago. Basic and diluted earnings per share were $0.14 compared to basic and diluted loss per share of $0.16 a year ago. Net cash used in operating activities was $13,236,000 compared to $10,373,000 a year ago. Additions to property, plant and equipment was $16,659,000 compared to $9,901,000 a year ago. EBITDA was $19,107,000 against $13,815,000 a year ago. Capital expenditures were $16,659,000 compared to $9,901,000 a year ago. This increase is primarily the result of increased investments in new glass technologies, which are expected to continue into the second quarter. The company reiterates expectations to generate sales growth of approximately 5% to 6% on a constant currency basis, and adjusted EBITDA margins of approximately 15% in fiscal year 2015, as the company executes its growth strategy while investing in its commercial brands and capabilities. The company expects CapEx of $55 million to $60 million, which includes $16 million to $17 million related to investments in new glass technology. The company continues to expect strong free cash flow performance for full-year 2015, driven in part by price increases across foodservice businesses that were implemented in late march and early April. The company expects depreciation and amortization for the full year 2015 to be between $40 million and $42 million. Cash interest should be in the range of $15 million to $17 million. And as far as cash taxes for 2015, it currently believe they will be around $5 million to $7 million compared to $7.2 million in 2014. With expected free cash flow of approximately $50 million to $60 million per year in each of the next 3 years or $150 million to $180 million cumulatively.

 

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LBY:US $39.50 USD -0.77

LBY Competitors

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Anhui Deli Household Glass Co Ltd CNY18.46 CNY 0.00
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Industry Analysis

LBY

Industry Average

Valuation LBY Industry Range
Price/Earnings 78.7x
Price/Sales 1.0x
Price/Book 13.4x
Price/Cash Flow 76.8x
TEV/Sales 0.5x
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