Thursday, Dec 08, 2016
One of America's Great Newspapers ~ Toledo, Ohio

Business

Libbey sustains 5-cent-a-share loss

Toledo’s Libbey Inc. Thursday reported a first-quarter loss of $1 million, or 5 cents a share, down significantly from a profit of $55.4 million, or $2.76 a share, for the same period a year ago.

The glass tableware maker said its first-quarter sales were $181 million, up 4 percent from $173.9 million a year ago. The increase stemmed from a 50 percent jump in sales in its China region and a 5 percent increase in sales in the United States and Canada.

Despite a first-quarter loss, Libbey Chairman and Chief Executive Officer John Meier said he was “pleased with the solid sales and gross profit margin improvements we saw in our glass operations segment … especially in light of the weather-related impact in the U.S.”

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2015 Toledo Blade

To Top

Fetching stories…