Libbey Posts Q3 Loss


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TOLEDO, Ohio–Libbey reported a $6 million net loss in income for the third quarter ending September 30. Sales increased 4.5 percent to $211.5 million from $202.4 million in the year-ago quarter.
“While we are certainly not satisfied with our performance in the third quarter, we are proud of what we accomplished despite the state of the global economic markets. We remain convinced that these results are a strong indication of the health of our business and the strength of our brands,” John Meier, chairman and chief executive officer, said in a statement.