Overall, sales for the quarter held steady at $209 million (vs. 2nd Qtr ’12) and net income increased to $12.4 million from a loss of $10.1 million in the second quarter of last year.
“With six consecutive quarters of year-over-year improvement, we have demonstrated success in improving our cost structure, making productivity improvements, leveraging our advantaged businesses and strengthening our balance sheet. While capacity utilization will have an even greater impact during the third quarter as we continue to make progress in realigning our production in the Americas, we expect to see continued improvement in adjusted EBITDA and margins for the full-year 2013 as capacity utilization improves in the fourth quarter,” stated Stephanie Streeter, Libbey’s CEO.
You can learn more about Libbey’s results by going here:
http://www.finanznachrichten.de/nachrichten-2013-07/27555036-libbey-inc-announces-record-second-quarter-2013-financial-results-008.htm
To learn more about the wide range of products that Libbey produces for the foodservice and hospitality industry, go here:
http://foodservice.libbey.com/
