“We are encouraged by these results, driven by our efforts to increase productivity and control costs as well as the solid sales growth we achieved in select markets,” said Stephanie A. Streeter, chief executive officer of Libbey Inc. “Our sales were particularly strong in glass operations in the U.S. and Canada, and in China. On the other hand, sales were disappointing in Mexico and Europe. Despite this reasonably strong quarter, we have a lot of work to do to sustain performance and secure our future,” said Streeter. “The strategic plan we announced earlier this month will strengthen and build upon the efforts to improve our cost structure, leverage our advantaged businesses and strengthen our balance sheet.”
To learn more about Libbey 2nd quarter results and to read the complete story, go here:
http://www.dailymarkets.com/stock/2012/07/26/libbey-inc-announces-second-quarter-2012-financial-results/
