Libbey Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2018; Provides Earnings Guidance for the Six Months Ending June 30, 2018 and Full Year Ending December 31, 2018
For the six months ending June 30, 2018, the company expects net loss margin (U.S. GAAP) to be in the range of 0.7% to net income margin (U.S. GAAP) of 0.3%, interest expense to be 2.8%, provision for income tax to be 0.4%, depreciation and amortization to be 6.0% and adjusted EBITDA Margin (non-GAAP) to be in the range of 8.5% to 9.5%. The company expects net sales increase in the low-single digits, when compared to the first half of 2017, on a reported basis and adjusted EBITDA margins of 8.5% to 9.5%.
For the year ending December 31, 2018, the company expects net income margin (U.S. GAAP) to be in the range of 0.7% to 1.2%, interest expense to be 2.7%, provision for income tax to be in the range of 0.9% to 1.4%, depreciation and amortization to be 5.7% and adjusted EBITDA Margin (non-GAAP) to be in the range of 10.0% to 11.0%. The company expects net sales increase in the low-single digits, compared to full-year 2017, on a reported basis, capital expenditures in the range of $50 million to $55 million and selling, general and administrative expense around 17% of net sales.