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Libbey Inc. Announces Fourth Quarter and Full Year 2011 Results

Post Time:Apr 19,2012Classify:Industry NewsView:38

-Fourth Quarter Net Sales of $214.8 Million, a Decrease of 3.6 Percent, Compared to $222.8 Million in the Prior-Year Quarter Sales to U.S. and Canadian Foodservice Glassware Customers Increase 1.3 Percent, Compared to the Prior-Year Quarter

-Full-Year 2011 Sales of $817.1 Million, an Increase of 2.2 Percent Compared to the Prior Year

-Free Cash Flow Generation of $37.7 Million in the Fourth Quarter of 2011 Working Capital as a Percentage of Last Twelve Months' Sales was an All-Time Record Low 21.4 Percent

-Debt Net of Cash Reduced to $339.1 Million, Resulting in Net Debt to Adjusted EBITDA of 3.0 Times

Libbey Inc. (NYSE Amex: LBY) announced results today for the fourth quarter and full year of 2011.

Read more below.

Source: http://www.glassonweb.com/news/index/15655/Author:

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