Ceramic Industry News / Glass

Sales for Libbey’s Glass Operations Rise Nearly 6%

Libbey Inc. recently reported sales for the first quarter of $187.8 million, an increase of 3.8% compared to $181 million for the first quarter 2011. Sales in the Glass Operations segment were $171.3 million, up 5.7% compared to $162.1 million in the first quarter of 2011. A primary contributor was a 69% increase in sales within the company’s China sales region. Net income of $0.6 million was reported for the first quarter, compared to a net loss of $1 million in the previous year’s first quarter.

“We are pleased with these results, driven by higher sales,” said Stephanie A. Streeter, CEO. “Excluding currency impact, each sales region showed improvement, led by an exceptionally strong quarter in China and Mexico. Our ongoing success depends on a continued focus on improving our cost structure, leveraging our high-growth overseas markets and strengthening our balance sheet. When combined with our ongoing productivity enhancement efforts, strong customer relationships and stable, leading market share, we believe we are well-positioned to achieve ongoing financial and operational performance improvements.”

For additional information, visit www.libbey.com.

Did you enjoy this article? Click here to subscribe to Ceramic Industry Magazine.

You must login or register in order to post a comment.

Multimedia

Videos

Podcasts

Thermal Processing Optimization: Using Advanced Rotary Tube Internals

Mike Maggio of Harper International discusses rotary tube internals with Susan Sutton, editor-in-chief.

More Podcasts

THE MAGAZINE

Ceramic Industry Magazine

CI May 2013 cover

2013 May

The 2013 May Ceramic Industry includes articles on treating heat like light, recycling, solar energy, and more. Check it out today!

Table Of Contents Subscribe

THE CERAMIC INDUSTRY STORE

M:\General Shared\__AEC Store Katie Z\AEC Store\Images\Ceramics Industry\handbook of advanced ceramics.gif
Handbook of Advanced Ceramics Machining

Ceramics, with their unique properties and diverse applications, hold the potential to revolutionize many industries, including automotive and semiconductors.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

Directories

0711ci_cover.gif

Ceramic Industry's Directories including Components, Equipment Digest, Services, Data Book & Buyers Guide, Materials Handbook and much more!

STAY CONNECTED

facebook_40px twitter_40px  youtube_40pxlinkedin_40