Loading…
Sunday, July 13, 2014
Current Weather
Loading Current Weather....
HomeNewsLocal
Published: Thursday, 4/25/2013

Libbey Inc. posts higher Q1 profits

Increase comes despite drop in net sales.

BLADE STAFF

Libbey Inc. posted higher first quarter profits this year in spite of a drop in net sales, something company officials attribute to successful cost cutting.

Libbey said today it earned $2 million in the quarter, compared with $641,000 last year. On a per-share basis, Libbey earned 9 cents in the first quarter, compared with 3 cents in last year's first quarter.

Sales fell about 2 percent to $183 million. 



Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.

Related stories




Poll