Ceramic Industry News / Glass

Libbey Sees Third Quarter Sales Growth in China and Mexico

November 2, 2012
/ Print / Reprints /
ShareMore
/ Text Size+

Libbey Inc. recently reported results for the third quarter, ended September 30, 2012. Sales for the quarter were $209.2 million, an increase of 0.9% compared to $207.2 million for the third quarter of 2011. Third quarter sales in the Glass Operations segment were $189.9 million, down 0.5% compared to $190.8 million in the same period of 2011. Sales performance was reportedly led by a 13% increase in sales within the China sales region and a 9% increase within the Mexico sales region.

Sales for the first nine months of 2012 were $606.2 million, up 0.7% compared to $602.3 million for the first nine months of 2011. Sales in the Glass Operations segment were $551.7 million, an increase of 0.8% compared to $547.4 million in the first nine months of 2011.

“We are pleased with this quarter’s results, driven in large part by the increased focus on driving down costs and defending and growing our key markets, the core of our recently announced strategic plan,” said Stephanie A. Streeter, CEO. “These cost improvements, coupled with notable sales growth in China and Mexico, led to exceptionally strong Adjusted EBITDA, resulting in record third quarter results.”

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

Image Galleries

September 2014 Issue Highlights

Our September 2014 issue is now available!

Posted: December 15, 2014

Podcasts

Manufacturing Day 2014

Manufacturing Day organizers share their insights with Managing Editor Kelsey Seidler.

More Podcasts

Ceramic Industry Magazine

CI December 2014 cover

2014 December

Be sure to check out our annual Services Directory and Business Guide, with additional articles on advanced glass components, ceramic grinding media, and more!

Table Of Contents Subscribe

Personal Smartphones

Do you use your personal smartphone or other device to complete tasks for your job?
View Results Poll Archive

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.

STAY CONNECTED

facebook_40px twitter_40px  youtube_40pxlinkedin_40google+ icon 40px

Directories

CI Data Book July 2012

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