Libbey (AMEX: LBY) reported earnings on Feb. 21. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Libbey met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew slightly. Non-GAAP earnings per share increased significantly. GAAP earnings per share dropped significantly.
Gross margins grew, operating margins shrank, net margins shrank.
Libbey booked revenue of $219.7 million. The one analyst polled by S&P Capital IQ looked for a top line of $219.7 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.34. The two earnings estimates compiled by S&P Capital IQ averaged $0.28 per share. Non-GAAP EPS of $0.34 for Q4 were 79% higher than the prior-year quarter's $0.19 per share. GAAP EPS of $0.07 for Q4 were 30% lower than the prior-year quarter's $0.10 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 20.3%, 150 basis points better than the prior-year quarter. Operating margin was 5.9%, 120 basis points worse than the prior-year quarter. Net margin was 0.7%, 30 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $194.2 million. On the bottom line, the average EPS estimate is $0.31.
Next year's average estimate for revenue is $850.5 million. The average EPS estimate is $2.03.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 47 members out of 65 rating the stock outperform, and 18 members rating it underperform. Among 16 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 10 give Libbey a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Libbey is buy, with an average price target of $24.00.
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