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Libbey: Second Quarter Glass Sales Rise

Libbey Inc. announced that sales for the second quarter of 2010 were $203 million, compared to $195.8 million in the second quarter of 2009, an improvement of 3.7%. Libbey reported net income of $9.6 million, or $0.47 per diluted share, for the second quarter ended June 30, 2010, compared to net income of $2.7 million, or $0.18 per diluted share, in the prior-year quarter.
For the quarter ended June 30, 2010, sales in the North American glass segment were $146.4 million, an increase of 6.3%, compared to $137.7 million in the second quarter of 2009. Primary contributors to the increased sales included a 29.2% increase in sales of Crisa products and a 13.5% increase in sales to U.S. and Canadian retail customers, compared to the prior-year quarter.



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