| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
23 |
| Employees |
- |
| Revenues (TTM) (Millions $) |
632 |
| Net Income (TTM) (Millions $) |
-183 |
| Cash Flow (TTM) (Millions $) |
13 |
| Capital Exp. (TTM) (Millions $) |
21 |
Business Description
Libbey Inc. is a leading manufacturer and distributor of glassware, tableware, and flatware products for the global commercial and consumer markets. It was founded in 1888 and is headquartered in Toledo, Ohio, United States.
Libbey has a rich heritage and an illustrious history of over 130 years in the glassware industry. The company operates through four reportable business segments: Americas, EMEA (Europe, Middle East, and Africa), China, and Other Asia-Pacific. Libbey is a renowned brand and enjoys strong brand recognition throughout North America, Europe, and other key international markets.
The Americas segment is one of the largest business segments for Libbey, comprising the United States, Canada, and Mexico. The segment generates the highest revenue, which is primarily attributed to its diversified product portfolio, collaborative customer relationships, and innovative product development capabilities. The EMEA segment covers Europe, the Middle East, and Africa, and represents a significant revenue contributor to the company.
The China segment includes the company's operations in China, which is a rapidly growing market for glassware products. This segment primarily caters to the needs of both domestic and international customers, and it has established Libbeyes leading position in the Asian glassware market. The Other Asia-Pacific segment comprises Australasia and Asia, excluding China, and it has a diversified product portfolio.
Libbey's product portfolio includes a broad assortment of glassware products, such as stemware, tumblers, beer glasses, and wine glasses, among others. The company also produces flatware and tableware products to serve the hospitality, foodservice, and retail industries. Libbey's products are designed to meet the evolving lifestyle and trend preferences of consumers worldwide.
The company leverages its cutting-edge technology, unmatched branding, and merchandising expertise, and operational strategies to provide its customers with high-quality and innovative products. Libbey's product distribution network is vast and spans across multiple geographies to ensure product availability and on-time delivery.
Furthermore, the company is committed to sustainability and is implementing initiatives to reduce its environmental impact. Libbey has also demonstrated its commitment to social responsibility by supporting local initiatives, including grassroots community programs and employee volunteerism.
In summary, Libbey is a global leader in the glassware industry, renowned for its diverse product range, strong brands, and innovative product design capabilities. The company strives to provide its customers with high-quality products while being committed to sustainable business practices and socially responsible initiatives.
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