Ceramic Industry News / Glass

Libbey Achieves Record Sales in 2012

Libbey Inc. recently reported results for the fourth quarter and full year of 2012. Sales for the fourth quarter were $219.1 million, compared to $214.8 million for the fourth quarter of 2011, an increase of 2%.

Sales in the Glass Operations segment were $201.3 million, compared to $199.2 million in the fourth quarter of 2011, an increase of 1.1%. Sales performance was reportedly led by a 5% increase in sales within the U.S. and Canada sales region. 

Full-year sales for 2012 were $825.3 million, compared to $817.1 million in 2011, an increase of 1%. Sales in the Glass Operations segment were $753 million, an increase of 0.9% compared to $746.6 million in 2011.

“We are pleased with this quarter’s results, driven in large part by the increased focus on improving margins and defending and growing our business in our key markets, the core of our recently announced strategic plan,” said Stephanie A. Streeter, CEO. “Our cost improvements, coupled with solid sales growth in the U.S. and Canada sales region, led to exceptionally strong adjusted EBITDA. Four strong quarters propelled us to 2012 full year results that included all-time records in sales, income from operations and adjusted EBITDA.”

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