The Company reported that its diluted earnings per share for
the quarter, as detailed in the
attached Table 2, and excluding special
charges relating to the recently announced salary reduction
program and
capacity realignment charges associated with the shutdown of its City of
Industry
, California, facility in February 2005 and as detailed in the
attached Table 1, were 25 cents as
compared with 68 cents in the prior-year
quarter.zhtml?p=irol-
eventDetails+c=64169+eventID=1105420
.C.researchandmarkets. The key attributes of what makes a
good gift are presented, as are the types
of stores where gifters prefer to
shop and why. How people choose across the wide range of gifting
options is
explored, including gift certificates and cash, home furnishings,
entertainment, apparel
, gifts of experience, etc.
David Byun's photographic talent is showcased in a visual extravaganza
. They sought to
translate the visual cues from Byun's photography into motion. Dutch masters use
of trompe de
l'oeil was the inspiration for the multi-dimensional photographs.
ironstone crackle
Pretax equity
loss from Vitrocrisa, the Company's joint venture in Mexico,
was $0.1 million in the year-ago period
.8 million to $170.'s net sales totaled
$544.
Three Months Six Months
ended
ended
June 30, 2005 June 30, 2005
Capacity realignment:
Fixed asset related $372
$520
Severance + benefits - 2,019
Miscellaneous
475 1,305
Included in Special charges (1)
$847 $3,844
Salary reduction program:
Pension + retiree
welfare $867 $867
Included in Cost of sales
867 867
Pension + retiree welfare 1,347
1,347
Included in Selling, general and
administrative expenses
1,347 1,347
Employee termination costs
3,350 3,350
Included in Special charges 3,350 3
,350
Pretax salary reduction program (2) $5,564 $5,564
Total
Special charges (3) $6,411 $9,408
(1) Cash charges for the
capacity realignment project for the quarter
ended and year-to-date June 30, 2005, were
$4,155 and $5,896,
respectively.68 $(0.2%)
Provision for income taxes
(1,230) 4,891
(Loss) income before minority
interest
(2,498) 9,930 (125.18) $0.
The purchase incidence among 15 leading
gift categories is also
researched, including Christmas-themed ornaments and decorations.
Having just been honored with their second consecutive nomination to the
CFDA Swarovski Perry Ellis
Award in Accessory Design, the new website premiers
amidst a whirlwind atmosphere of excitement and
activity for Camargo and
Armstrong.
Contact: Candice Koch
Exposed PR
212-625-3350
winstanley loetz
5 million, as compared with
earnings per share of 68 cents
and sales of $135.4 million in the year-
ago quarter.9 million in the year-ago period. GAAP; the
inability to achieve savings and profit improvements at targeted levels in the
Company's operations
or within the intended time periods; whether the Company
completes any significant acquisitions,
and whether such acquisitions can
operate profitably.:
-- is a leading producer of glass
tableware in North America;
-- is expanding its international presence with facilities in the
Netherlands and Portugal and a facility in China planned to begin
production in
2007;
-- is a leading producer of tabletop products for the foodservice
industry;
-- exports to more than 90 countries.8%)
Selling, general and administrative
expenses (1) 20,367 17,486
Special charges (1)
4,197 -
Income from operations 2,492 15,436
(83.2%)
Minority interest (4) -
Net (loss
) income $(870) $9,365 (109. de R.S. That means almost one out of every
ten
dollars spent at retail is to buy a gift.
By researching the gifting experience, Unity
Marketing presents a major
new research study of the gifting market.).haviland ejs
5 Percent
TOLEDO
, Ohio, Libbey Inc.8 million in the prior-year
second quarter. Sales to retail and industrial glassware
customers were down over nine percent, largely attributable to the Company's
earlier decision
to discontinue the sale of some low margin products.8 million, as compared with pretax earnings of
$1. Although Libbey believes that the non-GAAP financial
measures presented enhance investors
' understanding of Libbey's business
and performance, these non-GAAP measures should not be considered
an
alternative to GAAP.73
Diluted $(0.7%)
Weighted average shares:
Outstanding 13,844 13,653
Diluted 13,846 13,682
(1) Refer to Table 1 for Special
charges detail
LIBBEY INC.com/cgi-bin/prnh/20040820/RESEARCH
)
The gifting market that is the buying and giving of gifts to family and
friends, is a $253
billion market.
The key to crafting an effective gifting marketing strategy is to really
understand
the dynamics of gift giving, shopping and selection.worchester lladro
Meier, chairman and chief executive officer, commenting
on the
quarter and the Company's outlook for 2005 said, "Second quarter results were
in line with
our updated guidance in our June 28, 2005, release.3%)
Net (loss) income per share:
Basic $(0.68
Diluted
$(0.68 (108.6%)
Equity (loss) earnings -- pretax (198) 67
Other
income 732 1,087
Earnings before interest, income
taxes and minority interest 3,114 21,913 (85. Out of the total
$2
,062 annual gifting budget, the typical gifter spends only 40% at Christmas,
leaving 60% of gift spending
occurring over the course of the year.
This research is sponsored in part by the gift industry
's most
forward-thinking companies, including Department 56, Glass Baron, Lenox,
Longaberger, and
Walt Disney, among others.doulton bunnykins
Sales to foodservice glassware
customers were down slightly. Eastern Daylight
Time. Investors are cautioned that forward-
looking statements involve risks and uncertainty, that
actual results may
differ materially from such statements, and that investors should not place
undue
reliance on such statements.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Dollars in thousands, except per-share amounts)
(unaudited)
THREE MONTHS ENDED
June 30, June 30, Percent
2005 2004 Change
Net sales $144,538
$135,752 6.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW
(Dollars in thousands)
(unaudited)
SIX MONTHS ENDED
June 30, 2005 June 30, 2004
Operating activities
Net (loss
) income $(2,519) $9,930
Adjustments to reconcile net (loss
)
income to net cash provided by
operating activities:
Depreciation and
amortization 16,451 15,443
Equity loss (earnings) - net of tax
29 (127)
Minority interest 21
-
Change in accounts receivable (1,697) (6,258)
Change in inventories (4,511) (8,601)
Change in accounts
payable (7,886) (4,655)
Special charges
9,408 -
Special charges cash payments (5,896)
-
Other operating activities 8,091 5,400
Net cash provided by
operating activities 11,491 11,132
Investing activities
Additions to property, plant and
equipment
(19,114) (17,026)
Crisal acquisition and related costs
(28,990) -
Net cash used in investing activities (48,104)
(17,026)
Financing activities
Net bank credit facility activity
32,880 (5,000)
Other net borrowings 2,713 13
,738
Stock options exercised 99 328
Dividends
(2,768) (2,728)
Other
(15) (838)
Net cash provided by financing activities 32
,909 5,500
Effect of exchange rate fluctuations
on cash
- (1)
Decrease in cash
(3,704) (395)
Cash at beginning of period 6,244
2,750
Cash at end of period $2,540 $2,355
LIBBEY INC.V.
Below are the ten chapters contained
in this study each one with detailed
data and statistics:
Chapter 1: Gifting Market Study
- Who was studied: Methodology + Research
Chapter 2: About the Gifting Market: Majority of Americans
spend over
$250 buying gifts
Chapter 3: About Gift Giving Holidays + Occasions:
Christmas and
birthdays are the primary gifting holiday and occasion
throughout the year
Chapter 4: About Trends in Gift Giving
Chapter 5: About Selecting
the Perfect Gift: Research reveals attributes
of a good gift
The
Perfect Gift Is Something That the Recipient Will Like but
Is Unlikely to Buy for
His or Her Self
Chapter 6: About Selecting the Particular Gift Item
Chapter 7: About
Selecting a Store to Shop for Gifts.com
Fax: +353 1 4100 980
AUSTIN, Texas,
Anthony Camargo and Nak Armstrong,
the creative duo behind Anthony Nak Fine Jewelry have debuted
a website,
http://www. "The picture
frames speak to the idea that, like Anthony Nak jewelry, they
serve as an
adornment to focus attention on the real beauty they surround just as the
jewelry
draws focus and attention to the beauty of the woman who wears it"
says Phillips.lladro chintz
Income from
operations was $2.5 million, or $0.4 million of working capital associated with Crisal.49 to $0.S.2
%)
Minority interest (21) -
Net (loss) income
$(2,519) $9,930 (125.; China or
porcelain figurines and/or sculpture;
Flowers, plants and/or garden
accessories, including cut flowers and bouquets; Personalized, customized
,
etched, engraved, monogrammed giftware; Jewelry and/or watches; Personalized
photography items
, such as personalized albums, pictures, etc. cities and internationally.weinhardt winstanley
Working Capital
Working capital, defined as inventories and accounts receivable less
accounts payable, decreased
by $0.
This is an increase in working capital of $8." The Company also reported that total expenditures
for the Chinese facility are planned to be approximately $46 million with an
additional $14 million
to be spent in 2005 and approximately $27 million in
2006.
To listen to the call, please go
to the website at least 10 minutes early
to register, download and install any necessary software
. In addition, Libbey is a
joint venture partner in the largest glass tableware company in Mexico
.8 million.
Table 1
Summary of Special Charges
(Dollars in thousands)
In August 2004, Libbey announced that it is realigning its production
capacity in order
to improve its cost structure.
People buy and give gifts to build and enhance their emotional
connection
with the recipient. birthdays,
anniversary, wedding, friendship, etc. The multi-dimensional
quality of the
screenplay mimics the depth, dimension, shape, color and texture that
distinguish
the Anthony Nak brand.whimsies limoge
3 million from $171. A replay will be
available for 7 days after the conclusion
of the call. Libbey believes that providing supplemental non-GAAP financial
information is useful
to investors in understanding Libbey's core business
and trends.45 -
Net income per
diluted share
excluding special charges $0.06) $0. For marketers and retailers
gifting
represents a rare and unique opportunity to directly and personally touch two
target markets
at once: the gift giver who buys the gift and the gift
recipient to whom the gift is given.researchandmarkets
."
"We wanted our website to inspire women to see Anthony Nak Jewelry as a
metaphor for their own
individuality, style and sexiness," says Camargo.pickard haviland
com and
http://phx.S.
(2) All non-cash charges
(3) Summary classifications:
Cost of sales $867
$867
Selling, general and administrative
expenses
1,347 1,347
Special charges
4,197 7,194
Total special charges $6,411
$9,408
Table 2
Reconciliation of Non-GAAP Financial Measures for Special Charges
(Dollars in thousands, except per-share amounts)
In accordance with the SEC's Regulation
G, the following table provides
non-GAAP measures used in the earnings release and the reconciliation
to
the most closely related Generally Accepted Accounting Principles (GAAP)
measure.18
) $0. By combining
elements of both word-of-mouth and sampling, gifting magnifies and intensifies
the marketing power of both to influence future shopping behavior of the gift
giver and recipient
. Their pieces have been featured in the pages of Vogue, Harper's
Bazaar, Town and Country, WWD, Glamour
, InStyle, Elle, W, Marie Claire and
People, National Jeweler, Basel Magazine and Jewelry Connoisseur
. Anthony Nak
pieces can be found in fine stores in major U.pickard ironstone
Partially offsetting these increases
were lower
glassware shipments to foodservice, retail and industrial customers.27 $0.73 (124
. de C.
Capturing a greater share of the gifting marketplace,
therefore, is a significant
marketing opportunity for product marketers and
retailers.
The site is more than a visual
experience however, Camargo and Armstrong
wanted to create a fully interactive, user friendly website
.grondahl winstanley
5 million during the
quarter, as compared with income from operations of $15. The Company
reported
that its diluted earnings per share for the quarter, as detailed in
the attached Table 2, and excluding
the special charges as detailed in the
attached Table 1, were 25 cents as compared with 68 cents
in the prior-year
quarter.2 million on a pretax basis as compared
to pretax earnings of $0. Interest
expense
decreased $0." He added, "We plan
to break ground in China on our new production facility
during the third
quarter.corporate-ir.
The above information includes "forward-looking
" statements as defined in
the Private Securities Litigation Reform Act of 1995.
In addition
, in June 2005, Libbey reduced its North American salaried
workforce by seven percent in order
to reduce Libbey's overall cost
profile.weinhardt majolica
Sales Up 6. Our expectations
for sales growth of 10 percent to 12 percent
in the third quarter and 6 percent to 8 percent in the
fourth quarter are
expected to result in diluted earnings per share of $0.libbey. Such statements
only
reflect the Company's best assessment at this time and are indicated by words
or phrases
such as "goal," "expects," "believes," "will," "estimates,"
"anticipates," or similar phrases. dollar
and the euro that could reduce the
cost competitiveness of the Company's products compared to foreign
competition; the effect of high inflation in Mexico and exchange rate changes
to the value of
the Mexican peso and the earnings and cash flow of the
Company's joint venture in Mexico, Vitrocrisa
, expressed under U.
Three months ended Six months
ended
June 30, June 30,
2005 2004 2005 2004
Reported net (loss) income
$(870) $9,365 $(2,519) $9,930
Special charges - net of tax 4,295
- 6,303 -
Net income excluding special charges $3,425 $9,365 $3,784
$9,930
Diluted (loss) earnings per share:
Reported net (loss) income
$(0.06) $0.4%)
Net (loss) income per share:
Basic
$(0.
Artists like Rembrandt were very expressive in their use of chiaroscuro and
plays on
light and shadow", comments Armstrong. Anthony-Nak pieces are available at Barneys NY and
Neiman
Marcus, and other fine stores throughout the world.crackle yeoman
8 million in the
year-ago period.9 million, or
$0.37 for the
third quarter and $0. The conference call will be
simulcast live on the Internet
on both http://www.73
Special charges - net of tax 0.
Brad Phillips of Milkshake
Media collaborated with Camargo and Armstrong
on the project.yeoman majolica
The
environment for the third quarter
continues to be challenging, but we expect
significant improvements in the fourth quarter as compared
to the fourth
quarter of 2004.9%)
Equity (loss) earnings -- pretax (752) 1
,456
Other income 431 588
Earnings before
interest, income
taxes and minority interest 2,171 17,480 (87.0%
Freight billed to customers 978 1,055
Total revenues
275,300 259,930
Cost of sales (1) 227,205 204
,692
Gross profit 48,095 55,238 (12.
CONDENSED
CONSOLIDATED JOINT VENTURE STATEMENTS OF OPERATIONS
(Dollars in thousands
)
(unaudited)
THREE MONTHS ENDED
June 30, 2005 June
30, 2004
Total revenues $49,063 $48,490
Cost
of sales 41,130 39,270
Gross profit
7,933 9,220
Selling, general and administrative expenses
6,001 5,650
Income from operations 1,932
3,570
Remeasurement (loss) gain (895) 507
Other
expense (237) (22)
Earnings before interest
and taxes 800 4,055
Interest expense
2,333 1,083
(Loss) income before income taxes (1,533)
2,972
Income taxes (626) 813
Net
(loss) income $(907) $2,159
SIX MONTHS ENDED
June 30, 2005 June 30, 2004
Total revenues $94,532
$90,968
Cost of sales 77,829 77,588
Gross profit 16,703 13,380
Selling, general and administrative
expenses 11,328 11,016
Income from operations 5,375
2,364
Remeasurement (loss) gain (807) 327
Other expense (770) (123)
Earnings before
interest and taxes 3,798 2,568
Interest expense
4,202 2,430
(Loss) income before income taxes (404)
138
Income taxes (344) (120)
Net (loss) income $(60) $258
Libbey is
a 49% equity owner in Vitrocrisa Holding, S.S.com/reports/c15388) has announced the addition
of Gifting
Report, 2004: The Who, What, Where, How Much and Why of Gift Giving
+ Shopping to their offering
. Maintaining their tradition of artistic innovation, the Anthony Nak
website reinvents the standard
set by industry contemporaries by transporting
the viewer to a dreamlike universe of unparalled beauty
.chintz loetz
2 million as compared to June 30,
2004 and includes $11. In 2004, Libbey Inc. In addition, it is
the basis on which Libbey's management
internally assesses performance and such non-GAAP measures
are relevant to
Libbey's determination of compliance with financial covenants included in
its debt agreements.06) $0.
This in-depth report, based upon both qualitative and quantitative
research, provides powerful new insights into why people buy gifts and ways
marketers and retailers
can gain a greater share of gifting spending. While marketers
focus on designing the next big gift
product and retailers carefully
merchandise their stores with gift ideas, the big opportunity for
gift
marketers and retailers is to enhance the gifting experience (e.; Candles and
candle accessories;
Crystal stemware, bowls, decanters, vases, etc.; Photography-
related gifts, such as frames; Licensed
merchandise; Plush and/or stuffed
animals; Lighted collectible villages, houses and/or cottages;
Wooden baskets,
including handmade collectible baskets. As dramatic earrings and necklaces float
weightlessly across the screen, the viewer has a glimpse into the heart of
Camargo and Armstrong
's design philosophy; a synthesis of movement, artistic
distinction, luxury, and beauty.
"Milkshake
Media ensured we realized that vision".yeoman ejs
8 million in the year-ago quarter. The increase in sales was
attributable to the Crisal acquisition in Portugal and higher sales of World
Tableware, Traex
, and Royal Leerdam products.9 million, or $0.
Important factors potentially affecting performance
include but are not
limited to: increased competition from foreign suppliers endeavoring to sell
glass tableware in the United States and Mexico, including the impact of lower
duties for imported
products; major slowdowns in the retail, travel or
entertainment industries in the United States
, Canada, Mexico and Western
Europe, caused by terrorist attacks or otherwise; significant increases
in
per-unit costs for natural gas, electricity, corrugated packaging, and other
purchased materials;
higher interest rates that increase the Company's
borrowing costs; protracted work stoppages related
to collective bargaining
agreements; increases in expense associated with higher medical costs,
increased
pension expense associated with lower returns on pension investments
and increased pension obligations;
devaluations and other major currency
fluctuations relative to the U.
Based in Toledo
, Ohio, the Company operates glass tableware manufacturing
plants in the United States in Louisiana
and Ohio, in Portugal and in the
Netherlands. Libbey has recorded a pretax charge of $847 in
the second quarter 2005 and $3,844 year-to-date 2005, as detailed below.5%
Freight billed
to customers 481 564
Total revenues 145,019
136,316
Cost of sales (1) 117,963 103,394
Gross profit
27,056 32,922 (17. DUBLIN, Ireland, Research and Markets
(http://www. "The sexy,
smoky effect of the images got us thinking about 17th century Dutch painting
.whimsies majolica
Libbey Inc. Announces Second Quarter Results
Factors contributing to the decrease, in addition to
the special
charges, were lower sales to foodservice, retail and industrial customers,
reduced
capacity utilization and higher pension and postretirement medical
expenses.3 million from $258.
Equity loss from Vitrocrisa was $0. The Company
reported a net loss of $2.
Outlook
for 2005
John F.6%)
Interest expense 3,464 3,516
(Loss) income before income taxes
and minority interest (1,293)
13,964 (109.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Dollars in thousands, except per-share amounts)
(unaudited
)
SIX MONTHS ENDED
June 30, June 30, Percent
2005 2004 Change
Net sales $274,322 $258,875
6.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW
(Dollars in thousands)
(unaudited)
THREE MONTHS ENDED
June 30, 2005 June 30, 2004
Operating activities
Net (loss) income
$(870) $9,365
Adjustments to reconcile net (loss)
income to net cash provided
by operating activities:
Depreciation and amortization
8,066 7,631
Equity loss (earnings) - net of tax 444
(1,058)
Minority interest 4 -
Change in accounts receivable 197 (7,105)
Change in inventories
(791) (5,432)
Change in accounts payable
3,748 783
Special charges 6,411
-
Special charges cash payments (4,155) -
Other
operating activities 9,588 6,294
Net cash provided by
operating activities 22,642 10,478
Investing activities
Additions to property, plant and
equipment (8
,709) (8,859)
Crisal acquisition and related costs (42)
-
Net cash used in investing activities (8,751) (8,859)
Financing
activities
Net bank credit facility activity (8,756) (5,000)
Other net borrowings (3,429) 6,602
Stock options exercised
- 88
Dividends
(1,386) (1,366)
Other 25
(838)
Net cash used in financing activities (13,546) (514)
Increase in cash 345 1,105
Cash at beginning
of period 2,195 1,250
Cash at end of period
$2,540 $2,355
LIBBEY INC.L. Summarized
combined statements of
income for Libbey's investments, accounted for by the equity method
under U.
Thus gifting is an exponential marketing opportunity.com, as visionary and extraordinary
as the jewelry
itself. Milkshake Media is a creative agency based in Austin
specializes in branding
, strategy and creative design. According to Phillips,
much of the design concept burgeoned from Byun
's photographs.S. The award winning
Anthony Nak flagship store opened in November 2003 in downtown
Austin, Texas.yeoman chintz
(NYSE: LBY)
announced that its diluted loss per share for the second quarter ended
June 30, 2005, was 6 cents on sales of $144.
The Company recorded income from operations of
$2.06 per diluted share, as compared with
diluted earnings per share of $0.3 million as the result
of lower interest rates.1
million during the second quarter of 2005 as inventories and accounts
receivable
were lower, but were partially offset by lower accounts payable.m. Its Royal Leerdam subsidiary, located
in Leerdam, Netherlands, is
among the world leaders in producing and selling glass stemware to retail
,
foodservice and industrial clients. Its
Syracuse China subsidiary designs, manufactures and distributes
an extensive
line of high-quality ceramic dinnerware, principally for foodservice
establishments
in the United States. The pretax charge for the salary reduction was $5,564 in the
second quarter
of 2005.9%)
Selling, general and administrative
expenses (1)
38,321 34,479
Special charges (1) 7,194 -
Income from operations 2,580 20,759 (87.Research and Markets: Out of the
total $2 062 annual gifting budget the typical gifter spends only 40% at Christmas leaving 60% of
gift spending occurring ov
newscom. In other words, the gift itself (e.whimsies worchester
5
million from $135.
Net loss was $0.
Six-Month Results
For the six months ended June 30, 2005, sales
increased 6.
Excluding Crisal, inventories at June 30, 2005, were $3.18) $0.3%)
Provision
for income taxes (427) 4,599
(Loss) income before minority
interest (866) 9,365 (109.g.anthonynak. Images can be
clicked
on and enlarged, there is a password protected section in which
retailers may view Anthony Nak inventory
, and there is a comprehensive map to
display store locations.haviland lladro
Second Quarter Results
For the quarter-ended June 30, 2005, sales increased 6. The increase in
sales was attributable
to the Crisal acquisition in Portugal, higher sales of
Royal Leerdam products, increased export shipments
and higher sales of World
Tableware and Traex products.6 million compared with $20.54 for the fourth
quarter.
Webcast Information
Libbey will hold a conference call for investors on Thursday
,
July 28, 2005, at 11 a. Its Crisal subsidiary, located in
Portugal, provides an expanded presence
in Europe.31 - 0.25 $0. A key finding
from this research is that the majority of gift
shopping takes place
throughout the year, not just during the last two months.g.
Floating picture
frames display porcelain nudes draped in layers of necklaces
and shots of collarbones, wrists and
fingers are all brilliantly enveloped in
eye catching Anthony Nak jewels.chintz grondahl
5 million in the
second
quarter of 2004, was a result of increased maintenance and other
manufacturing costs, lower machine
activity and higher natural gas costs,
partially offset by improved margin on sales.68 in the second
quarter of 2004.8 million lower than
at June 30, 2004. We are very excited about this new production
facility expected to be
operational by early 2007. Its World Tableware subsidiary imports
and
sells a full-line of metal flatware and holloware and an assortment of
ceramic dinnerware and other
tabletop items principally for foodservice
establishments in the United States. Its Traex subsidiary
, located in
Wisconsin, designs, manufactures and distributes an extensive line of plastic
items
for the foodservice industry.73
LIBBEY INC., a domestic distributor
of industrial glassware for
Vitrocrisa in the U. and Canada. Their designs incorporate elements
of sophistication,
beauty, invention and a constantly evolving combination of shape, color and
texture
.ejs ironstone
5 percent to $144.18 per diluted share, compared with
net income of $9.net/phoenix.
Libbey
Inc. Pursuant to the plan,
Libbey closed its manufacturing facility in City of Industry, California
,
in February 2005 and realigned production among its other glass
manufacturing facilities
.8%)
Interest expense 6,842 7,092
(Loss) income
before income taxes
and minority interest (3,728) 14,821 (125.
CONDENSED CONSOLIDATED BALANCE SHEETS
(Dollars
in thousands)
June 30, December 31, June 30,
2005 2004 2004
(unaudited) (unaudited)
ASSETS
Cash
$2,540 $6,244 $2,355
Accounts receivable - net
72,637 67,522 63,380
Inventories - net 139,860
126,625 134,297
Deferred taxes 8,747 7,462
7,402
Other current assets 5,884 3,308 3,545
Total current assets 229,668 211,161 210,979
Other assets
37,912 36,537 28,395
Investments
82,122 82,125 87,754
Goodwill and purchased intangibles -
net 66,671 66,003 65,204
Property, plant and
equipment - net 209,477 182,378 174,183
Total assets
$625,850 $578,204 $566,515
LIABILITIES AND SHAREHOLDERS' EQUITY
Notes payable $12,200 $9,415 $14,142
Accounts payable
42,219 43,140 35,625
Accrued liabilities
49,788 38,996 44,359
Deposit liability 16,623
16,623 -
Special charges reserve 4,491 3,025
-
Other current liabilities 2,475 5,839 5,254
Long
-term debt due within one year 825 115 115
Total current liabilities
128,621 117,153 99,495
Long-term debt 246
,653 215,842 223,685
Deferred taxes 12,147 12,486
15,467
Pension liability 42,068 36,466 22,680
Nonpension postretirement benefits 46,052 45,716 46,986
Other liabilities
7,263 6,978 7,032
Total liabilities
482,804 434,641 415,345
Minority interest 21
- -
Total liabilities and minority
interest
482,825 434,641 415,345
Total shareholders' equity 143,025
143,563 151,170
Total liabilities and shareholders'
equity
$625,850 $578,204 $566,515
LIBBEY
INC.L. 'noun') becomes the
means to an end and that end is to strengthen relationships. 'verb'),
rather than focus solely on the gift.com/reports/c15388
Laura Wood
Senior Manager
Research and Markets
press@researchandmarkets.Anthony Nak Reinvents Their Website www
.anthonynak.com
The designers opted to work with Milkshake Media
because, as Phillips says, "we
go beyond technology for technology's sake to
create an experience that resonates the attitude and
heart behind the brand.pickard limoge
0 percent to
$274. In addition to the special charges, causes of the reduction
were lower glassware sales to foodservice, retail and industrial customers,
reduced capacity utilization
and higher pension and postretirement medical
expenses.73 per diluted share, in the year-ago
period
. Libbey reported that its diluted earnings per share for the first six
months of 2005, as detailed
in the attached Table 2, and excluding special
charges as detailed in the attached Table 1, were
27 cents as compared with 73
cents in the first six months of the prior-year.32 to $0. GAAP, is shown
above.
(Logo: NewsCom: http://www. Marketers and retailers can
put these insights to work
to increase gift sales and build repeat gifting
business.
ABOUT ANTHONY-NAK
Partners
Anthony Camargo and Nak Armstrong create jewelry that is a
distinctive mix of fine gemstones and
striking 18K and 22k draping gold,
platinum and diamonds.yeoman winstanley
68 $0.8%)
Weighted average
shares:
Outstanding 13,869 13,678
Diluted
13,869 13,699
(1) Refer to Table 1 for Special charges detail
LIBBEY INC.
and related Mexican companies (Vitrocrisa
), which manufacture, market and
sell glass tableware (beverageware, plates, bowls, serveware
and
accessories) and industrial glassware (coffee pots, blender jars, meter
covers, glass
covers for cooking ware and lighting fixtures sold to
original equipment manufacturers) and a
49% equity owner in Crisa
Industrial, L.g. No other research study has
investigated gifting
from the experiential point of view and in such depth,
including gift giving incidence and spending
throughout the whole year,
including 7 major gifting holidays and 12 gifting occasions (e.;
Inspirational
-themed gifts; Glass figurines and/or sculpture; China and/or
tabletop gifts, such as serving pieces
, candlesticks, vases, etc.
Chapter 8: About the Different Types of Gifting Shoppers
Chapter 9: About Maximizing Sales to the Gifting Market:
Chapter 10: Future Vision - Projections
for Christmas 2004
Post-Election 2004 Consumer Gifting Survey Results
For more information visit
http://www.
They have been twice nominated for a CFDA Award in 2004
and 2005 and won the
Fashion Group International Rising Star Award for 2003, and the Town + Country
Editors Choice Award 2004.woto doulton
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