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.



Image Galleries

2015 Ceramics Expo

Snapshots from the 2015 Ceramics Expo, April 28-30, Cleveland, Ohio. Posted: May 14, 2015.


Ceramics Expo podcast
Editor Susan Sutton discusses the upcoming Ceramics Expo with event director Adam Moore.
More Podcasts

Ceramic Industry Magazine

CI May 2015 cover

2015 May

Our May issue covers bulk batching, pneumatic conveyors, high-temperature furnaces and more! Be sure to check it out today.

Table Of Contents Subscribe

Daily News

We know where you find the latest ceramic industry news (ahem), but where do you catch up on the rest of your daily news?
View Results Poll Archive


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.


facebook_40px twitter_40px  youtube_40pxlinkedin_40google+ icon 40px


CI Data Book July 2012

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