Ceramic Industry News

Libbey Announces Second Quarter Results (8/8/06)

Libbey Inc. recently reported improved second quarter financial results on an adjusted basis, excluding special charges related to the Crisa acquisition and refinancing completed on June 16, 2006. Sales increased 9.3% to $158 million from $144.5 million in the prior year's second quarter. The company reported a net loss of $9.6 million, or $0.68 per share, for the second quarter ended June 30, 2006, as compared with a net loss of $0.9 million or $0.06 per share, in the prior year quarter. The net loss for the quarter included a total of $13.4 million, or $0.95 per share, in special charges related to the consolidation of two of its recently acquired Mexican facilities and the write-off of finance fees.

Additional details are available at www.libbey.com.

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