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Things to do this week on Cape Cod

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Anthony Kearns, one of the founding member of The Irish Tenors, will perform Sunday at Chapel of Our Lady of Annunciation in West Harwich as part of a tour promoting his debut solo album.

The CD focuses on Kearn’s solo concert repertoire, including songs of Ireland and Broadway (including “Younger Than Springtime”), old melodies (including “Shenandoah”) and popular classics and classical music, including the Verdi ara “La Donna e Mobile,” according to a press release.

Kearns began his career in 1993 after winning a national competition in Dublin, similar to “America’s Got Talent.” In 1998, PBS invited Kearns to be part of The Irish Tenors, a popular group on TV that now has 10 top-selling CDs to its credit.

Kearns performed at the John F. Kennedy Presidential Library to celebrate the Irish heritage of the Kennedy family and sang at JFK’s graveside as the eternal flame began its journey to County Wexford in Ireland. He also performed at the Capitol’s Friends of Ireland Luncheon with President Obama and Ireland’s Prime Minister Enda Kenny.

In addition to continuing work with The Irish Tenors, Kearns has a solo concert career and is increasingly in demand on international opera stages to perform premium tenor roles, according to the release.

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Friday, Aug. 1

· The Cultural Center of Cape Cod will host the 12th Annual Celebration of the Arts Festival through Sunday at the center, 307 Old Main St., South Yarmouth. The festival will feature artists and artisans selling jewelry, pottery, paintings, textiles, wood carvings, note cards, glass art and much more. An opening reception and indoor sale will be held from 6 to 8 p.m. The festival will continue from 9 a.m.-4 p.m. Saturday and noon to 5 p.m. Sunday. Admission is free. Information: www.cultural-center.org or 508-394-7100.

· Stand-up comedian Lenny Clarke, seen on TV on USA’s comedy “Sirens,” will perform at 9 p.m. at the Cape Cod Comedy Lounge, 287 Iyannough Road, Hyannis. Clarke, a Massachusetts native, will also perform at 8 p.m. Saturday. The show will be hosted by Ira Proctor and feature local opening acts. Tickets: $25-$30. Information: www.CapeCodComedy.com.

Saturday, Aug. 2

· The Cape Cod Antique Dealers Association will return with its 44th Annual Summer Outdoor Antique Show and Sale from 9 a.m. to 3 p.m. on the grounds of Nauset Middle School, 70 South Orleans Road, Orleans. According to a press release, dealers from across the Cape and throughout New England will present an array of 18th-, 19th- and early 20th-century antiques including furniture, garden antiques, stoneware, glassware, paintings and more. Proceeds from the show will benefit the Association’s Scholarship Fund and Cultural Endowment Fund. Tickets: $6, free for children and students with IDs. Information: www.ccada.com.

· Green Briar Jam Kitchen will host Blueberry Day from 11 a.m. to 2 p.m. at the kitchen, 6 Discovery Hill Road, East Sandwich. Guests may enjoy a homemade blueberry dessert and watch a demonstration of old-fashioned blueberry jam-making as well as sample jams and jellies in the gift shop, view gallery exhibits, browse a used book sale, visit the nature center’s resident animals and walk through the wildflower garden, according to a press release. From 1-3 p.m., P.J. Hamel, author of “King Arthur Flour Cookbooks” will demonstrate how to make fast and easy cream shortcakes, scones and Welsh cakes. Tickets: $4. Information: www.thorntonburgess.org or 508-888-6870.

· In celebration of Sandwich’s 375th year, Water Street Wing Fling will take place from 11 a.m. to 8 p.m., and the same hours on Sunday. According to a press release, events include car shows, inflatables, kayak tours on Shawme Pond, handmade crafts, hot air balloon rides (for a fee), drumming circles and a variety of food and live music. Admission is free for most events. On Sunday, master model builder and mascot Bertie from the Legoland Discovery Center in Boston will be on hand for Lego-themed activities from 11 a.m. to 4 p.m. before going to the Chatham Anglers’ game from 6:30 to 9 p.m. to throw out the first pitch and conduct a live, baseball-themed brick build and show off a World Series trophy replica of Legos. Information: www.sandwich375.com/wingfling.

· The Onset Blues Festival, will take place from noon to 9 p.m. at the Lillian Gregerman Bandshell in Prospect Park, 191 Onset Ave., Onset Village. The festival will include music, food and more. Vendors will offer items that include clothing, jewelry and accessories, repurposed and vintage glassware, home decor and knitted goods. The music schedule: Lloyd Thayer, 10 a.m. to noon; Johnny Barnes and the Nightcrawlers, 12:15-1:30 p.m.; Fat City Band, 1:45-3:15 p.m.; Johnny Hoy the Bluefish, 3:30-5 p.m.; Rosemary’s Baby Blues, 5:15-6:45 p.m. and Lil Ed the Blues Imperials, 7-8:30 p.m. Tickets: $20. Information: www.onsetbluesfestival.com.

Monday, Aug. 4

· Ocean Edge Resort will host the 10th Annual Art Outside the Box Lunchbox Auction Golf Tournament at the resort, 2907 Main St., Brewster. Lunchboxes by featured artist Anne Packard of Provincetown as well as Katrine Burkitt, Vera Champlin, Richard Muccini, Ken Northup, Dorothy Strauss and Selina Trieff will be auctioned off. Other auction items include gift certificates, paintings, glass and jewelry. Proceeds will benefit family support and early-childhood education programs provided by Cape Cod Children’s Place in Eastham. The Wellfleet Oyster Bar, food stations and hors d’oeuvres will be featured. The tournament will begin at 11:30 a.m. and the lunchbox auction and reception begins at 4 p.m. in the Grand Ballroom. Tickets: $55 in advance, $60 at the door for auction and reception; $170 for the golf tournament and auction. Information: www.capecodchildrensplace.com/event or 508-240-3310.

Wednesday, Aug. 6

· The Cape Cod Museum of Natural History will present Mike The Bubble Man! at 4:30 and 6 p.m. as a part of the “Light the Night” summer series, at the museum, 869 Main St., Brewster. The show is a mix of science and magic, with an interactive focus on bubbles, using music, choreography and comedy. Tickets: $10; museum admission and show combination, $18, $16 seniors and $13 children. Information: www.ccmnh.org.

· Michael Feinstein – a multi-platinum-selling, two-time Emmy and five-time Grammy Award-nominated entertainer who is recognized as a premiere interpreter of the Great American Songbook – will perform at 8:30 p.m. for the 11th annual Cape Cod Jazz Festival. Feinstein’s 200-plus shows a year have included performances at Carnegie Hall, Sydney Opera House and the Hollywood Bowl as well as the White House and Buckingham Palace. The summerlong festival at the Wequassett Resort and Golf Club, 2173 Route 28, Harwich will also feature Dr. Michael White, a creole- and blues-inspired clarinetist with 11 CDs of his own, performing at 8:30 p.m. Tuesday.

· Reggae performer Barrington Levy will perform at 10 p.m. at The Beachcomber, 1120 Cahoon Hollow Road, Wellfleet. A driving force in reggae music, Levy is a popular performer in Jamaica, according to a press release and his song “Living Dangerously” held the No. 1 spot on the dance hall charts worldwide. In the late 1980s, Levy began working with producer Jah Screw, and has since teamed up with various DJs from Beenie Man to Lady Saw. Tickets: $25. Information: 508-237-3991.

COMPILED BY LEAH CALLERY

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Sabal villa model opens at Cypress Bend

WCI Communities has completed its first model villa home at Cypress Bend in Shadow Wood Preserve. The three-bedroom, three- and one-half bath Sabal, which also functions as the Cypress Bend welcome center, features an upscale resort design throughout its 3,259 square feet. The model showcases the design vision of Kay Green Design and features medium-toned wood flooring, wood-accented and beamed ceilings, and textural treatments, white-painted moldings and beadboard accenting walls.

The award-winning Winter Park, Florida, design firm translated Southwest Florida’s palette of surf, sand and sun into beachy beiges and creams, yellows and watery blues with pops of rich indigo throughout the model. The Sabal is the largest of three low-maintenance single-family villa home designs offered by WCI for the final 19 homesites in Cypress Bend, Shadow Wood Preserve’s final neighborhood. Cypress Bend overlooks the intimate community’s golf fairways, lakes and nature preserves. The home features an open design with a great room, kitchen and breakfast nook, a dining room defined by five columns, and a den. The model is shown with an expanded screened lanai, swimming pool and raised spa. The model’s wood floor is introduced in the foyer and continues throughout dining room, great room, kitchen, breakfast nook, den and the owner’s suite, enhancing the Sabal’s open floor plan. The dining room’s ceiling features stained tongue-and-groove wood inlays framed by white moldings, and its main wall is accented with paint and textural surfaces above mirrored buffets. The tray ceiling above the great room is embellished with wood beams. Below, a seating group is directed to the main wall, which features a yellow-ochre painted surface divided into three sections by white woodwork. The neutral upholstery of sofa and loveseat provide a backdrop for patterned and floral pillows in yellows, gray-blues and dark indigo. Accessories and artwork continue the sea theme. The adjoining kitchen features maple cabinetry with a dove-white finish and raised paneling, typhoon ivory granite countertops and a tiled backsplash. The kitchen also offers a large freestanding island with six stools, a walk-in pantry closet and stainless steel appliances, including a French-door refrigerator with freezer drawer, an oven tower and microwave above a flat-surface cooktop. The breakfast room seats six and is positioned in a window overlooking the lanai, which offers both sitting and dining areas. The den is designed as an office and retreat for two, featuring a partner’s desk, two armchairs and a nautical theme realized in artwork and a slate-blue and yellow ochre palette. Darker tones balance the yellows, blues, stripes and embroidered details in the owner’s suite, which offers two armchairs and a table in a bay window sitting area. The bedwall features a slate-blue painted surface in the center flanked by mirrors on each side. White millwork in an X-pattern on the mirrors mimics the design of the headboard. The owner’s suite also offers his-and-her walk-in closets and a bathroom with separate tiled tub, frameless glass-enclosed tiled shower, and dual maple vanities with a ginger glaze and Carolina summer granite counters. One of the model’s guest rooms features blues, grays, bronzes and watercolor fabrics with resort-style bedding, beach-themed artwork and a woven seagrass armchair. The second bedroom has twin beds and a whimsical design of turtles and starfish, chevrons and florals in pastel yellows, blues and grays envisioned for visiting grandchildren. A painted chest has an embossed starfish, and the room features color-blocked walls in blues, yellows and grays framed by white millwork. The guest suites have walk-in closets and private full baths with ice-blue granite countertops. The Sabal also offers a three-car garage, front porch accented with columns and arched openings and 4,576 total square feet.

The home design starts at $699,000. WCI’s additional three-bedroom villa home designs in Cypress Bend include the Bayberry, offering formal living and dining rooms, a family room and 2,713 square feet of living space, and the Rosemary, with 2,845 square feet, a great room, two guest suites with full baths, a powder room, cabana bath and three-car garage. All homes in Cypress Bend feature gourmet kitchens with large pantries, free-standing islands, raised-panel wood cabinetry and granite countertops with 4-inch backsplashes. Kitchen Aid stainless steel appliances include a refrigerator with icemaker, double oven, microwave, dishwasher and electric cooktop. Each home design offers a den, large lanais and designer finishes including crown molding, coffered ceilings and 18-inch ceramic tile flooring. Laundry rooms are equipped with utility sinks and large-capacity Whirlpool washers and dryers. Homes in Cypress Bend start from the $560,000s. Cypress Bend’s homes are designed with options that allow homebuyers to convert a den to a bedroom, add a third garage to the Bayberry or enhance a lanai with a summer kitchen. Homebuyers at Shadow Wood Preserve can also personalize their home through WCI’s Design Studio, located at the company’s nearby Bonita Springs headquarters. The studio provides a comprehensive selection of cabinetry, countertops, bath and kitchen fixtures and tile and flooring.

Shadow Wood Preserve, a 440-acre Estero gated community, offers an onsite 18-hole Arthur Hills-designed championship golf course, a clubhouse, tennis courts, two miles of walking paths and fitness trails, a tot lot, and a canoe and kayak park. The community is just five miles from entertainment, shopping and restaurants at Coconut Point and is located along Estero Bay Nature Preserve and historic Mullock Creek. Shadow Wood Preserve is planned for fewer than 300 residences, with 100 acres set aside for nature. Residents of Shadow Wood Preserve are eligible for membership privileges at nearby Shadow Wood Country Club, offering 36 holes of Bob Cupp-designed golf, a nine-court tennis complex, and formal and casual dining at Shadow Wood at The Brooks Clubhouse. Cypress Bend residents also are eligible for membership at The Brooks Commons Club, featuring Rosie Spoonbill’s Restaurant, fitness and educational opportunities, and a beach park on the Gulf of Mexico. Shadow Wood Preserve is located west of U.S. 41/Tamiami Trail between Alico and Corkscrew roads and just minutes from Coconut Point and Southwest Florida International Airport. For more information, visit the welcome center in the Sabal model at 18610 Cypress Haven Drive, Fort Myers, FL 33908, call 239-206-6544 or visit www.wcicommunities.com/wci-shadow-wood-preserve.

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Hilldale announces more new stores for redevelopment area

When the $15 million redevelopment of the north side of Hilldale Shopping Center is completed, it will include some well-known stores that cater to the fashion crowd and a cafe and bar that specializes in Belgian beers.

WS Development, the Massachusetts company that owns the shopping center, announced this week that kate spade new york, Lucky Brand, Michael Kors and Sperry Top-Sider will be among the stores that will occupy the 53,000-square-foot open-air streetscape corridors from Metcalfe’s Market to Macy’s on the northeast side of the mall and another that runs from the east side to the west side of the shopping center.

This week’s announcements are in addition to the May announcement that Cafe Hollander, a Milwaukee-based restaurant known for European food and beer, would open on the west side of the mall. WS Development announced last year that Sur La Table, which offers cookware, cutlery and other kitchen goods, would also be part of the new redevelopment area. The new brands will join expanded long-time stores in the corridors, Cornblooms and Morgan’s Shoes. 

Interior demolition of the corridors is underway with exterior demolition scheduled to start later this summer, said Laurel Siebert, a WS Development spokeswoman. A completion date has not been announced. 

“We are proud to continue this long tradition of embracing the new, progressive, and innovative, while respecting and celebrating the time-honored and nostalgic, and are excited to begin this next phase of Hilldale’s story,” said Louis C. Masiello, vice president of development for WS Development.

The Hilldale location of kate spade new york, a women’s clothing store, will mark just the second store in Wisconsin for the company while for Lucky Brand, which specializes in jeans, it will be its first location in the state. Sperry Top-Sider is a nautical brand shoe store while Michael Kors sells women’s clothing, shoes and accessories and will become the company’s second store in the state, joining an outlet store in Pleasant Prairie.

Hilldale’s 675,000-square-feet is home to more than 55 stores and restaurants and Sundance Cinemas and is located on the West Side at the corner of University Avenue and Midvale Boulevard. 

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BSSP Wins Blue Shield Of California Account

Healthcare has a new advocate. Blue Shield of California named marketing communications agency Butler, Shine, Stern Partners (BSSP) as its new agency of record, following a review. There was not
one agency incumbent – Blue Shield had multiple agency partners and this move was made in part to consolidate all marketing activities with one agency.

“With BSSP as our agency-of-record,
we’re better positioned to help our customers navigate a complex and ever-changing health insurance marketplace,” said Jessica McCarthy, Vice President, Integrated Marketing and Client
Experience for Blue Shield of California.

BSSP will oversee brand awareness, product marketing analytics and media buying across all of Blue Shield’s consumer and employer group
businesses. The agency’s overall direction will focus on improving the quality and consistency of Blue Shield’s member experiences. The first work will debut in mid-October.

“Blue
Shield is one of California’s most iconic and important organizations and having an opportunity to help them evolve their brand platform across channels is a great opportunity for our
agency,” says Greg Stern, CEO of BSSP.

BSSP’s experience with health and wellness helped the Sausalito-based agency land the account. Its clients have included AARP, Take Care Health,
Destination Rx, Castlight Health and the Blue Shield of California Foundation.

Meanwhile, the Blue Shield win follows several other new business assignments BSSP has been awarded in 2014
including KitchenAid, Benefit Cosmetics, Redfin Real Estate and SunPower.

Blue Shield previously underwent an image change in 2006 under agency Taxi, New York. That campaign — which presented
comedic variations on familiar complaints about the complexity, cost and limitations of health insurance — represented Blue Shield’s first such effort in almost six years and included a new logo as
well as television, billboard and online advertising.

Blue Shield of California, an independent member of the Blue Cross Blue Shield Association, is a not-for-profit health plan with 3.4
million members, 5,000 employees and $10.8 billion in annual revenue.

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Vacant buildings filling up, mixing up downtown


DSCF1296July 30, 2014 – By Katie Winkler

Review Staff Writer

There are no shortages of new businesses looking to make downtown Lake Orion the go-to place in the area.

After opening up a store in downtown Davison, couple Paul and Deanna Snyder opened their second Elixer Boutique at 52 S. Broadway last week.

e-mail this article link to a friendletter to the editor about this articleprint this articlefacebooktwitterdigg itshareLarger | Smaller Elixer offers a variety of clothing from Los Angeles, New York, Atlanta and New Jersey including brand names like Miss Me, Silver, Grace in LA and Mossy Oak.

These guaranteed quality clothing and accessories, including scarfs, jewelry and handbags, break the expensive boutique stereotype, offering fashionable outfits for juniors, women, men and plus sizes at reasonable prices.

“We get our merchandise and price it to sell,” Paul Snyder said.

Elixer offers in-store shopping, in addition to catalogs for elegant dresses used for prom and homecoming dances. The Snyder’s are “here for the customers,” offering apointments to order dresses or shop within the store.

According to Lake Orion’s Downtown Development Authority director Suzanne Perreault, the Snyders “have been looking to get into Lake Orion for several months.”

When the owner of Photos Unique moved out, Elixer leased the store from landlord Ron Sweet.

Paul Snyder expresses their new business in downtown LO has had nothing but positive feedback.

“People have been stopping by and welcoming us to the community, showing interest in our products and store,” Synder said. “We are happy to be here and love what we are seeing so far.”

Tesori Gift plans to close their doors mid-August. The owner of the building, Masonic Temple, has signed a lease over to another gift shop to take their place.

There were rumors about a yogurt shop going in on Flint Street but nothing is certain.

After participating in the purchase of the Ehman Center, Christian Mills has purchsed the downtown property at 33 North Broadway, last known as the Keep Coming Back Club. Potential businesses for this location include a restaurant or a yogurt shop, according to Perreault.

The 2004 fire that started in the kitchen of Sagebrush Cantina heavily damaged or destroyed surrounding businesses, including the old Broadway Music record store. Since the building was restored, it has been vacant. Perreault said there has been recent interest shown, but nothing is certain.

As previously reported, Lockhart’s Barbeque will be moving into the village hall building in downtown.

“Everything is going forward and as planned. We voted on selling the building. The village is moving out so there is nothing new right now. It will be about six months or so until something happens,” Perreault said.

Lucky’s Natural Foods is renovating their store, including replacement of the old roof to make it more appealing.

This makeover will include a “significant invesment to the outside façade, including more windows,” Perreault said.

While new businesses are looking to come to the downtown area, there are vacant locations available for purchase or leasing including the old Builders Custom Flooring, space across from the DDA office and the Applebees and The Hills Pizzeria located on Lapeer Rd. in Atwaters Commons.

“I think there is a lot of interest to do business here. There just isn’t enough inventory. It is going to be very exciting to see some new developments,” Perreault said.

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Redevelopment at Montgomery Mall brings eight new stores, other features



NORTH WALES Montgomery Mall, owned by Simon, announced the addition of eight new retailers as part of the malls ongoing redevelopment project, which began in early 2014 and is scheduled to be completed next year.

Most of the new retailers will be located in the north wing section, including clothing shops Banana Republic and Ann Taylor, Clarks shoe store, and Zos Kitchen, a fast casual restaurant offering Mediterranean meals. These retailers are all expected to open in time for the holiday season 2014.

Also opening in fall 2014 on the lower level of the center will be Icing, an accessories and jewelry shop for girls and young women, and New York Thread, an upscale full-service threading salon.

Additional store openings will continue into 2015, among them Justice Brothers, offering the latest trends in clothing and accessories for tween girls and boys ages 7-14, and Grub Burger Bar, a casual burger joint known for its bold flavors, homemade sauces, scratch baked buns, and certified Angus chuck and brisket ground in-house daily. The eaterys first northeast location will also feature a full-service bar offering craft beers, signature cocktails, wine and other traditional drinks.

The multimillion-dollar redevelopment project will also establish a new childrens play area and improve the mall environment through a new escalator, refreshed retail spaces, and upgraded lighting.

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Libbey Inc. Announces Second Quarter 2014 Financial Results

    Second quarter sales increased 6.5 percent, compared to the second quarter of 2013, and were the third highest quarterly sales in Company history; Company expects similar top-line growth for the balance of 2014 
     

    TOLEDO, Ohio, July 31, 2014 /PRNewswire/ — Libbey Inc. (NYSE MKT: LBY) today reported results for the second quarter-ended June 30, 2014.

    Second Quarter Financial Highlights

       -- Sales for the second quarter were $223.5 million, compared to $209.9 
          million for the second quarter of 2013, an increase of 6.5 percent (6.3 
          percent excluding currency fluctuation). 
     
       -- Income from operations for the second quarter was $29.5 million, compared 
          to $27.9 million for the second quarter of 2013. 
     
       -- Adjusted gross profit (see Table 1) for the second quarter was an 
          all-time record $60.8 million, compared to $58.6 million in the second 
          quarter of 2013. 
     
       -- Adjusted earnings before interest, taxes, depreciation and amortization 
          (Adjusted EBITDA) (see Table 3) for the quarter was $41.0 million, 
          compared to $42.0 million in the prior-year quarter. 
     
       -- Refinancing expected to generate over $10 million in annual interest 
          expense savings, based on current interest rates. 

    “Sales growth was strong throughout the Company, as revenue increased in every region except Asia Pacific. Revenues were particularly strong in the Americas where we achieved 8.9 percent revenue growth, as we were able to defend and grow our market share in a hyper-competitive market. While our adjusted EBITDA margins were impacted by higher input costs, currency and market actions, we are pleased with our overall Company growth of 6.5 percent during the quarter. We look forward to continuing our strong sales performance in the remainder of the year, as we leverage the investments we have made in new products, sales and marketing capabilities. We continue to make progress in realizing the benefits of our North American capacity realignment, but have determined that over the balance of the year we will not be able to recover from the impact of weather, currency and higher input costs that we experienced in the first quarter of 2014. For each of the remaining two quarters, we expect to deliver sales growth similar to the second quarter and adjusted EBITDA margins similar to the full-year margins we delivered in 2013,” said Stephanie A. Streeter, chief executive officer of Libbey Inc.

    Second Quarter Segment Sales and Operational Review

       -- Sales in the Americas segment were $154.5 million, compared to $141.8 
          million in the second quarter of 2013, an increase of 8.9 percent (9.9 
          percent excluding currency impact).  This was comprised of 0.4 percent 
          higher sales in our foodservice channel, an increase of 6.7 percent in 
          retail and a 24.4 percent increase in the business-to-business channel. 
     
       -- Sales in the EMEA segment increased 3.6 percent (a decrease of 1.1 
          percent excluding currency impact) to $39.3 million, compared to $38.0 
          million in the second quarter of 2013. 
     
       -- Sales in U.S. Sourcing were $21.4 million in the second quarter of 2014, 
          compared to $21.2 million in the prior-year quarter, as sales of World 
          Tableware and Syracuse China flatware and dinnerware increased 0.9 
          percent. 
     
       -- Sales in Other were $8.4 million, compared to $8.9 million in the 
          prior-year quarter, resulting from a 6.2 percent decrease in sales (6.8 
          percent excluding currency impact) in the Asia Pacific region. 
     
       -- Income from operations was $29.5 million in the second quarter of 2014, 
          compared to $27.9 million for the second quarter of 2013. 
     
       -- Adjusted EBITDA of $41.0 million (see Table 3) was $1.0 million less than 
          the $42.0 million reported in the prior-year quarter.  The primary 
          factors contributing to the change in adjusted EBITDA from the prior-year 
          quarter include higher input costs for natural gas, packaging and 
          electricity of $1.8 million, nearly $1.5 million in currency impacts, 
          primarily in Mexico, as well as increased selling and marketing expenses 
          and higher freight costs partially offset by higher capacity utilization 
          and the realization of savings of approximately $1.2 million from the 
          recently completed North American capacity realignment. 
     
       -- Interest expense was $5.5 million, a decrease of $2.6 million compared to 
          $8.1 million in the year-ago period, primarily driven by lower interest 
          rates, as a result of the refinancing completed during the quarter. 
     
       -- Our effective tax rate was (10.3) percent for the quarter-ended June 30, 
          2014, compared to 28.2 percent for the quarter-ended June 30, 2013.  The 
          (10.3) percent effective rate was generally influenced by foreign 
          earnings with differing statutory rates, foreign withholding tax, 
          accruals related to uncertain tax positions, intra-period tax allocation 
          and other activity in jurisdictions with recorded valuation allowances. 

    Six-Month Financial Highlights

       -- Sales for the first six months of 2014 were $405.1 million, compared to 
          $393.4 million for the first half of 2013, an increase of 3.0 percent (or 
          2.8 percent excluding currency fluctuation). 
     
       -- Income from operations for the first six months of 2014 was $33.0 million, 
          compared to $39.4 million during the first half of 2013. 
     
       -- Adjusted EBITDA (see Table 3) was $61.1 million for the first six months 
          of 2014, compared to $68.2 million for the first half of 2013. 

    Sixth-Month Segment Sales and Operational Review

       -- Sales in the Americas segment were $276.4 million, compared to $265.4 
          million in the first six months of 2013, an increase of 4.2 percent (5.1 
          percent excluding currency fluctuation) driven by significantly higher 
          unit volume.  Sales performance was led by a 10.6 percent increase in 
          sales within our Latin American region (13.7 percent excluding currency 
          impact) and included a 1.2 percent increase within our U.S. and Canada 
          region. 
     
       -- Sales in the EMEA segment increased 2.1 percent (a decrease of 2.1 
          percent excluding currency impact) to $73.7 million, compared to $72.2 
          million in the first half of 2013. 
     
       -- Sales in the U.S. Sourcing segment increased 1.2 percent to $39.1 million, 
          compared to $38.7 million in the first half of 2013. 
     
       -- Sales in Other were $15.9 million, compared to $17.1 million in the 
          prior-year period.  This decrease was the result of a 7.3 percent 
          decrease in sales (8.5 percent excluding currency impact) in the Asia 
          Pacific end market. 
     
       -- Interest expense was $13.2 million, a decrease of $3.4 million compared 
          to $16.6 million in the year-ago period, primarily driven by lower 
          interest rates. 
     
       -- Our effective tax rate was (4.3) percent for the six months ended June 
          30, 2014, compared to 27.8 percent for the six months ended June 30, 
          2013.  The effective tax rate was generally influenced by foreign 
          earnings with differing statutory rates, foreign withholding tax, 
          accruals related to uncertain tax positions, intra-period tax allocation 
          and other activity in jurisdictions with recorded valuation allowances. 

    Balance Sheet and Liquidity

       -- Libbey reported that it had available capacity of $79.7 million under its 
          ABL credit facility as of June 30, 2014, with $7.0 million in loans 
          currently outstanding.  The Company also had cash on hand of $23.2 
          million at June 30, 2014. 
     
       -- As of June 30, 2014, working capital, defined as inventories and accounts 
          receivable less accounts payable, was $207.9 million, compared to $208.1 
          million at June 30, 2013. Despite sales increases of 6.5 percent during 
          the quarter, working capital decreased $0.2 million, compared to the 
          prior year, as the result of higher accounts payable mostly offset by 
          higher accounts receivable and higher inventories. 

    Sherry Buck, chief financial officer, added: “In addition to the strong sales performance that we achieved during the second quarter, we believe the actions we have taken to strengthen our balance sheet positions us well to compete in this dynamic market environment. We will continue to realize lower interest expense going forward as a result of the $440 million senior secured credit facility, which, based on current interest rates, is expected to generate over $10 million in annual interest expense savings.”

    Libbey Expands Premium Dinnerware Offering

    The Company also confirmed its announcement that Libbey will become the exclusive foodservice distributor of Schönwald dinnerware products to the U.S. and Canada, effective January 1, 2015.

    Through this exclusive agreement, Libbey will be offering new premium dinnerware choices for U.S. and Canadian foodservice customers. “Schönwald is one of the world’s leading providers of high-end porcelain for foodservice. This agreement directly supports our strategic goal to further grow our business in the foodservice industry. We are extremely pleased that Schönwald will be joining the Libbey family,” said Streeter. “These new choices for dinnerware, in combination with our Spiegelau and Nachtmann partnership, dramatically extend our high quality premium offerings. When added to the hundreds of new products we have introduced this year, it provides our foodservice customers with the broadest tabletop choices available in the U.S. and Canada.”

    Webcast Information

    Libbey will hold a conference call for investors on Thursday, July 31, 2014, at 11 a.m. Eastern Daylight Time. The conference call will be simulcast live on the Internet and is accessible from the Investor Relations’ section of www.libbey.com. To listen to the call, please go to the website at least 10 minutes early to register, download and install any necessary software. A replay will be available for 14 days after the conclusion of the call.

    About Libbey Inc.

    Based in Toledo, Ohio, since 1888, we believe Libbey Inc. is the largest manufacturer of glass tableware in the western hemisphere and one of the largest glass tableware manufacturers in the world. It supplies products to foodservice, retail, industrial and business-to-business customers in over 100 countries, and it is the leading manufacturer of tabletop products for the U.S. foodservice industry.

    Libbey operates glass tableware manufacturing plants in the United States in Louisiana and Ohio as well as in Mexico, China, Portugal and the Netherlands. Its Crisa subsidiary, located in Monterrey, Mexico, is a leading producer of glass tableware in Mexico and Latin America. Its subsidiary located in Leerdam, Netherlands, is among the world leaders in producing and selling glass stemware to retail, foodservice and industrial clients. Its Crisal subsidiary, located in Portugal, provides an expanded presence in Europe. Its Syracuse China subsidiary designs and distributes an extensive line of high-quality ceramic dinnerware, principally for foodservice establishments in the United States. Its World Tableware subsidiary imports and sells a full line of metal flatware and hollowware and an assortment of ceramic dinnerware and other tabletop items principally for foodservice establishments in the United States. In 2013, Libbey Inc.’s net sales totaled $818.8 million.

    This press release includes forward-looking statements as defined in Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements reflect only 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. Investors are cautioned that forward-looking statements involve risks and uncertainty and that actual results may differ materially from these statements, and that investors should not place undue reliance on such statements. These forward-looking statements may be affected by the risks and uncertainties in the Company’s business. This information is qualified in its entirety by cautionary statements and risk factor disclosures contained in the Company’s Securities and Exchange Commission filings, including the Company’s report on Form 10-K filed with the Commission on March 12, 2014. Important factors potentially affecting performance include but are not limited to risks related to our ability to borrow under our ABL credit agreement; increased competition from foreign suppliers endeavoring to sell glass tableware in the United States and Mexico; the impact of lower duties for imported products; global economic conditions and the related impact on consumer spending levels; major slowdowns in the retail, travel or entertainment industries in the United States, Canada, Mexico, Western Europe and Asia, caused by terrorist attacks or otherwise; significant increases in per-unit costs for natural gas, electricity, freight, corrugated packaging, and other purchased materials; high levels of indebtedness; high interest rates that increase the Company’s borrowing costs or volatility in the financial markets that could constrain liquidity and credit availability; 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.S. 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 Libbey Mexico, expressed under U.S. GAAP; the inability to achieve savings and profit improvements at targeted levels in the Company’s operations or within the intended time periods; and whether the Company completes any significant acquisition and whether such acquisitions can operate profitably. Any forward-looking statements speak only as of the date of this press release, and the Company assumes no obligation to update or revise any forward-looking statement to reflect events or circumstances arising after the date of this press release.

     
                                  Libbey Inc. 
                Condensed Consolidated Statements of Operations 
                (dollars in thousands, except per-share amounts) 
                                  (unaudited) 
     
                                              Three months ended June 30, 
                                           --------------------------------- 
                                                 2014             2013 
                                           -----------------  ------------ 
     
    Net sales                               $        223,536  $    209,904 
    Freight billed to customers                          893           771 
                                           -----------------  ------------ 
    Total revenues                                   224,429       210,675 
    Cost of sales (1)                                164,162       153,213 
                                           -----------------  ------------ 
    Gross profit                                      60,267        57,462 
    Selling, general and administrative 
     expenses (1)                                     30,726        29,635 
    Special charges (1)                                   --          (85) 
                                           -----------------  ------------ 
    Income from operations                            29,541        27,912 
    Loss on redemption of debt (1)                  (47,191)       (2,518) 
    Other income                                         322            51 
                                           -----------------  ------------ 
    (Loss) earnings before interest and 
     income taxes                                   (17,328)        25,445 
    Interest expense                                   5,486         8,126 
                                           -----------------  ------------ 
    (Loss) income before income taxes               (22,814)        17,319 
    Provision for income taxes (1)                     2,354         4,883 
                                           -----------------  ------------ 
    Net (loss) income                       $       (25,168)  $     12,436 
                                               =============   =========== 
     
    Net (loss) income per share: 
    Basic                                   $         (1.16)  $       0.58 
                                               =============   =========== 
    Diluted                                 $         (1.16)  $       0.57 
                                               =============   =========== 
     
    Weighted average shares: 
    Outstanding                                       21,673        21,289 
                                           =================  ============ 
    Diluted                                           21,673        21,943 
                                           =================  ============ 
     
    (1) Refer to Table 1 for Special Items detail. 
     
     
                                  Libbey Inc. 
                Condensed Consolidated Statements of Operations 
                (dollars in thousands, except per-share amounts) 
                                  (unaudited) 
     
                                                Six months ended June 30, 
                                             ------------------------------- 
                                                   2014           2013 
                                             ----------------  ----------- 
     
    Net sales                                 $       405,117  $   393,380 
    Freight billed to customers                         1,707        1,523 
                                             ----------------  ----------- 
    Total revenues                                    406,824      394,903 
    Cost of sales (1)                                 314,218      295,209 
                                             ----------------  ----------- 
    Gross profit                                       92,606       99,694 
    Selling, general and administrative 
     expenses (1)                                      59,604       56,032 
    Special charges (1)                                    --        4,229 
                                             ----------------  ----------- 
    Income from operations                             33,002       39,433 
    Loss on redemption of debt (1)                   (47,191)      (2,518) 
    Other expense                                          --        (384) 
                                             ----------------  ----------- 
    (Loss) earnings before interest and 
     income taxes                                    (14,189)       36,531 
    Interest expense                                   13,187       16,561 
                                             ----------------  ----------- 
    (Loss) income before income taxes                (27,376)       19,970 
    Provision for income taxes (1)                      1,176        5,545 
                                             ----------------  ----------- 
    Net (loss) income                         $      (28,552)  $    14,425 
                                                 ============   ========== 
     
    Net (loss) income per share: 
    Basic                                     $        (1.32)  $      0.68 
                                                 ============   ========== 
    Diluted                                   $        (1.32)  $      0.66 
                                                 ============   ========== 
     
    Weighted average shares: 
    Outstanding                                        21,600       21,202 
                                             ================  =========== 
    Diluted                                            21,600       21,707 
                                             ================  =========== 
     
    (1) Refer to Table 2 for Special Items detail. 
     
     
                                   Libbey Inc. 
                      Condensed Consolidated Balance Sheets 
                              (dollars in thousands) 
     
                                         June 30, 2014     December 31, 2013 
                                        ---------------  --------------------- 
                                          (unaudited) 
    ASSETS: 
    Cash and cash equivalents             $      23,209     $         42,208 
    Accounts receivable -- net                  106,345               94,549 
    Inventories -- net                          182,100              163,121 
    Other current assets                         34,920               24,838 
                                        ---------------  ------------------- 
    Total current assets                        346,574              324,716 
     
    Pension asset                                34,481               33,615 
    Goodwill and purchased intangibles 
     -- net                                     186,130              186,704 
    Property, plant and equipment -- 
     net                                        265,790              265,662 
    Other assets                                 16,729               19,293 
                                        ---------------  ------------------- 
    Total assets                          $     849,704     $        829,990 
                                        ===  ==========  ====  ============= 
     
    LIABILITIES AND SHAREHOLDERS' 
    EQUITY: 
    Accounts payable                      $      80,546     $         79,620 
    Accrued liabilities                          75,741               73,821 
    Pension liability (current 
     portion)                                     3,135                3,161 
    Non-pension postretirement 
     benefits (current portion)                   4,758                4,758 
    Other current liabilities                        --                1,374 
    Long-term debt due within one year            9,761                5,391 
                                        ---------------  ------------------- 
    Total current liabilities                   173,941              168,125 
     
    Long-term debt                              446,179              406,512 
    Pension liability                            39,083               40,033 
    Non-pension postretirement 
     benefits                                    58,849               59,065 
    Other liabilities                            23,395               25,446 
                                        ---------------  ------------------- 
    Total liabilities                           741,447              699,181 
     
    Common stock and capital in excess 
     of par value                               327,794              323,580 
    Retained deficit                          (148,163)            (119,611) 
    Accumulated other comprehensive 
     loss                                      (71,374)             (73,160) 
                                        ---------------  ------------------- 
    Total shareholders' equity                  108,257              130,809 
                                        ---------------  ------------------- 
    Total liabilities and 
     shareholders' equity                 $     849,704     $        829,990 
                                        ===  ==========  ====  ============= 
     
     
                                  Libbey Inc. 
                Condensed Consolidated Statements of Cash Flows 
                             (dollars in thousands) 
                                  (unaudited) 
     
                                              Three months ended June 30, 
                                           --------------------------------- 
                                                  2014            2013 
                                           ------------------  ----------- 
     
    Operating activities: 
    Net (loss) income                       $        (25,168)  $    12,436 
    Adjustments to reconcile net (loss) 
    income to net cash provided by 
    operating activities: 
    Depreciation and amortization                      10,592       11,623 
    Loss on asset sales and disposals                      17           31 
    Change in accounts receivable                    (19,481)      (4,836) 
    Change in inventories                             (8,168)      (7,857) 
    Change in accounts payable                          6,667        1,428 
    Accrued interest and amortization of 
     discounts and finance fees                       (5,911)      (7,521) 
    Call premium on senior notes                       37,348        1,350 
    Write-off of finance fees on senior 
     notes                                              9,086        1,168 
    Pension  non-pension postretirement 
     benefits                                           1,397        1,504 
    Restructuring                                        (46)        (659) 
    Accrued liabilities  prepaid 
     expenses                                           4,647        (793) 
    Income taxes                                        (770)      (2,553) 
    Share-based compensation expense                    1,634        1,485 
    Other operating activities                        (1,491)        2,579 
                                           ------------------  ----------- 
    Net cash provided by operating 
     activities                                        10,353        9,385 
     
    Investing activities: 
    Additions to property, plant and 
     equipment                                       (11,934)     (10,889) 
    Proceeds from asset sales and other                    --            4 
                                           ------------------  ----------- 
    Net cash used in investing activities            (11,934)     (10,885) 
     
    Financing activities: 
    Borrowings on ABL credit facility                  21,300       30,400 
    Repayments on ABL credit facility                (14,300)     (20,600) 
    Other repayments                                     (65)         (55) 
    Other borrowings                                    1,964           -- 
    Payments on 6.875% senior notes                 (405,000)     (45,000) 
    Proceeds from Term Loan B                         438,900           -- 
    Call premium on senior notes                     (37,348)      (1,350) 
    Stock options exercised                             1,786        2,511 
    Debt issuance costs and other                     (6,868)           -- 
    Net cash provided by (used in) 
     financing activities                                 369     (34,094) 
     
    Effect of exchange rate fluctuations 
     on cash                                             (52)          189 
                                           ------------------  ----------- 
    Decrease in cash                                  (1,264)     (35,405) 
     
    Cash  cash equivalents at beginning 
     of period                                         24,473       45,949 
                                           ------------------  ----------- 
    Cash  cash equivalents at end of 
     period                                 $          23,209  $    10,544 
                                               ==============   ========== 
     
     
                                  Libbey Inc. 
                Condensed Consolidated Statements of Cash Flows 
                             (dollars in thousands) 
                                  (unaudited) 
     
                                                Six months ended June 30, 
                                             ------------------------------- 
                                                   2014            2013 
                                             -----------------  ---------- 
     
    Operating activities: 
    Net (loss) income                         $       (28,552)  $   14,425 
    Adjustments to reconcile net (loss) 
    income to net cash used in operating 
    activities: 
    Depreciation and amortization                       21,268      22,397 
    Loss on asset sales and disposals                       13          33 
    Change in accounts receivable                     (16,399)    (10,879) 
    Change in inventories                             (19,363)    (18,492) 
    Change in accounts payable                           1,352     (6,317) 
    Accrued interest and amortization of 
     discounts and finance fees                          1,345         610 
    Call premium on senior notes                        37,348       1,350 
    Write-off of finance fees on senior 
     notes                                               9,086       1,168 
    Pension  non-pension postretirement 
     benefits                                            2,769       5,204 
    Restructuring                                        (289)       3,655 
    Accrued liabilities  prepaid expenses             (7,722)    (16,585) 
    Income taxes                                       (3,923)     (4,179) 
    Share-based compensation expense                     2,637       2,309 
    Other operating activities                         (1,586)       2,006 
                                             -----------------  ---------- 
    Net cash used in operating activities              (2,016)     (3,295) 
     
    Investing activities: 
    Additions to property, plant and 
     equipment                                        (21,835)    (19,771) 
    Proceeds from furnace malfunction 
    insurance recovery                                   4,346          -- 
    Proceeds from asset sales and other                      4           8 
                                             -----------------  ---------- 
    Net cash used in investing activities             (17,485)    (19,763) 
     
    Financing activities: 
    Borrowings on ABL credit facility                   21,300      30,400 
    Repayments on ABL credit facility                 (14,300)    (20,600) 
    Other repayments                                     (115)       (114) 
    Other borrowings                                     1,964          -- 
    Payments on 6.875% senior notes                  (405,000)    (45,000) 
    Proceeds from Term Loan B                          438,900          -- 
    Call premium on senior notes                      (37,348)     (1,350) 
    Stock options exercised                              2,122       3,048 
    Debt issuance costs and other                      (6,868)          -- 
                                             -----------------  ---------- 
    Net cash provided by (used in) 
     financing activities                                  655    (33,616) 
     
    Effect of exchange rate fluctuations on 
     cash                                                (153)          10 
                                             -----------------  ---------- 
    Decrease in cash                                  (18,999)    (56,664) 
     
    Cash  cash equivalents at beginning of 
     period                                             42,208      67,208 
                                             -----------------  ---------- 
    Cash  cash equivalents at end of 
     period                                   $         23,209  $   10,544 
                                                 =============   ========= 
     

    In accordance with the SEC’s Regulation G, tables 1, 2, 3, 4, 5 and 6 provide non-GAAP measures used in this earnings release and a reconciliation to the most closely related Generally Accepted Accounting Principle (GAAP) measure. Libbey believes that providing supplemental non-GAAP financial information is useful to investors in understanding Libbey’s core business and trends. In addition, it is the basis on which Libbey’s management assesses performance. 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.

     
    Table 1 
    Reconciliation of "As Reported" Results to "As Adjusted" Results - 
    Quarter 
    (dollars in thousands, except per-share amounts) 
    (unaudited) 
                                       Three months ended June 30, 
                      -------------------------------------------------------------- 
                                   2014                            2013 
                      ------------------------------  ------------------------------ 
                         As       Special      As        As     Special       As 
                      Reported     Items    Adjusted  Reported    Items    Adjusted 
                      ---------  ---------  --------  --------  --------  ---------- 
    Net sales         $ 223,536  $      --  $223,536  $209,904  $     --  $209,904 
    Freight billed 
     to customers           893         --       893       771        --       771 
                      ---------  ---------  --------  --------  --------  -------- 
    Total revenues      224,429         --   224,429   210,675        --   210,675 
    Cost of sales       164,162        576   163,586   153,213     1,133   152,080 
                      ---------  ---------  --------  --------  --------  -------- 
    Gross profit         60,267      (576)    60,843    57,462   (1,133)    58,595 
    Selling, general 
     and 
     administrative 
     expenses            30,726         --    30,726    29,635     2,496    27,139 
    Special charges          --         --        --      (85)      (85)        -- 
                      ---------  ---------  --------  --------  --------  -------- 
    Income from 
     operations          29,541      (576)    30,117    27,912   (3,544)    31,456 
    Loss on 
     redemption of 
     debt              (47,191)   (47,191)        --   (2,518)   (2,518)        -- 
    Other income            322         --       322        51        --        51 
                      ---------  ---------  --------  --------  --------  -------- 
    (Loss) earnings 
     before interest 
     and income 
     taxes             (17,328)   (47,767)    30,439    25,445   (6,062)    31,507 
    Interest expense      5,486         --     5,486     8,126        --     8,126 
                      ---------  ---------  --------  --------  --------  -------- 
    (Loss) income 
     before income 
     taxes             (22,814)   (47,767)    24,953    17,319   (6,062)    23,381 
    Provision for 
     income taxes         2,354         --     2,354     4,883      (58)     4,941 
                      ---------  ---------  --------  --------  --------  -------- 
    Net (loss) 
     income           $(25,168)  $(47,767)  $ 22,599  $ 12,436  $(6,004)  $ 18,440 
                       ========   ========   =======   =======   =======   ======= 
     
    Net (loss) 
    income per 
    share: 
    Basic             $  (1.16)  $  (2.20)  $   1.04  $   0.58  $ (0.28)  $   0.87 
                       ========   ========   =======   =======   =======   ======= 
    Diluted           $  (1.16)  $  (2.20)  $   1.02  $   0.57  $ (0.27)  $   0.84 
                       ========   ========   =======   =======   =======   ======= 
     
    Weighted 
    average 
    shares: 
    Outstanding          21,673               21,673    21,289 
                      =========             ========  ======== 
    Diluted              21,673               22,164    21,943 
                      =========             ========  ======== 
     
     
                    Three months ended June 30, 2014                      Three months ended June 30, 2013 
                  -------------------------------------  ------------------------------------------------------------------- 
    Special 
    Items 
    Detail -                                     Total                                                              Total 
    (Income)         Debt         Furnace       Special   Restructuring     Pension      Abandoned      Debt       Special 
    Expense:       Costs(1)    Malfunction(2)    Items     Charges (3)     Settlement     Property    Costs(1)      Items 
    -----------   ----------  ----------------  -------  ---------------  ------------  -----------  ----------  ----------- 
    Cost of 
     sales         $      --       $       576  $   576     $      1,133     $      --   $       --   $      --   $  1,133 
    SGA                  --                --       --               --           715        1,781          --      2,496 
    Special 
     charges              --                --       --             (85)            --           --          --       (85) 
    Loss on 
     redemption 
     of debt          47,191                --   47,191               --            --           --       2,518      2,518 
    Income taxes          --                --       --              352          (58)        (146)       (206)       (58) 
                                                                          ------------  -----------  ----------  --------- 
    Total 
     Special 
     Items         $  47,191       $       576  $47,767     $      1,400     $     657   $    1,635   $   2,312   $  6,004 
                      ======  ======  ========   ======  ====  =========  ====  ======      =======      ======      ===== 
     
    (1) Debt costs for the three months ended June 2014 include the write-off of unamortized finance fees and call premium 
    payments on the $405.0 million senior notes redeemed in April and May 2014, and the write-off of the debt carrying value 
    adjustment related to the termination of the $45.0 million interest rate swap. Debt costs for the three months ended 
    June 2013 include the write-off of unamortized finance fees and call premium payments on the $45.0 million senior notes 
    redeemed in May 2013. 
    (2) Furnace malfunction relates to loss of production at our Toledo, Ohio, manufacturing facility. 
     
    (3) Restructuring charges relate to discontinuing production of certain glassware in North America and reducing 
    manufacturing capacity at our Shreveport, Louisiana, manufacturing facility. 
     
     
    Table 2 
    Reconciliation of "As Reported" Results to "As Adjusted" Results - 
    Year 
    (dollars in thousands, except per-share amounts) 
    (unaudited) 
                                         Six months ended June 30, 
                      --------------------------------------------------------------- 
                                   2014                            2013 
                      ------------------------------  ------------------------------- 
                         As       Special      As        As      Special       As 
                      Reported     Items    Adjusted  Reported    Items     Adjusted 
                      ---------  ---------  --------  --------  ---------  ---------- 
    Net sales         $ 405,117  $      --  $405,117  $393,380  $      --  $393,380 
    Freight billed 
     to customers         1,707         --     1,707     1,523         --     1,523 
                      ---------  ---------  --------  --------  ---------  -------- 
    Total revenues      406,824         --   406,824   394,903         --   394,903 
    Cost of sales       314,218      6,867   307,351   295,209      1,699   293,510 
                      ---------  ---------  --------  --------  ---------  -------- 
    Gross profit         92,606    (6,867)    99,473    99,694    (1,699)   101,393 
    Selling, general 
     and 
     administrative 
     expenses            59,604         --    59,604    56,032      2,496    53,536 
    Special charges          --         --        --     4,229      4,229        -- 
                      ---------  ---------  --------  --------  ---------  -------- 
    Income from 
     operations          33,002    (6,867)    39,869    39,433    (8,424)    47,857 
    Loss on 
     redemption of 
     debt              (47,191)   (47,191)        --   (2,518)    (2,518)        -- 
    Other expense            --         --        --     (384)         --     (384) 
                      ---------  ---------  --------  --------  ---------  -------- 
    (Loss) earnings 
     before interest 
     and income 
     taxes             (14,189)   (54,058)    39,869    36,531   (10,942)    47,473 
    Interest expense     13,187         --    13,187    16,561         --    16,561 
                      ---------  ---------  --------  --------  ---------  -------- 
    (Loss) income 
     before income 
     taxes             (27,376)   (54,058)    26,682    19,970   (10,942)    30,912 
    Provision for 
     income taxes         1,176      (341)     1,517     5,545      (895)     6,440 
                      ---------  ---------  --------  --------  ---------  -------- 
    Net (loss) 
     income           $(28,552)  $(53,717)  $ 25,165  $ 14,425  $(10,047)  $ 24,472 
                       ========   ========   =======   =======   ========   ======= 
     
    Net (loss) 
    income per 
    share: 
    Basic             $  (1.32)  $  (2.49)  $   1.17  $   0.68  $  (0.47)  $   1.15 
                       ========   ========   =======   =======   ========   ======= 
    Diluted           $  (1.32)  $  (2.49)  $   1.14  $   0.66  $  (0.46)  $   1.13 
                       ========   ========   =======   =======   ========   ======= 
     
    Weighted 
    average 
    shares: 
    Outstanding          21,600               21,600    21,202 
                      =========             ========  ======== 
    Diluted              21,600               22,066    21,707 
                      =========             ========  ======== 
     
     
                              Six months ended June 30, 2014                               Six months ended June 30, 2013 
                  ------------------------------------------------------  ----------------------------------------------------------------- 
    Special 
    Items 
    Detail -                                                      Total                                                             Total 
    (Income)       Restructuring      Debt         Furnace       Special   Restructuring    Abandoned     Pension        Debt      Special 
    Expense:         Charges(1)     Costs(2)    Malfunction(3)    Items      Charge(1)       Property    Settlement    Costs(2)     Items 
    -----------   ---------------  ----------  ----------------  -------  ---------------  -----------  ------------  ----------  --------- 
    Cost of 
     sales             $      985   $      --      $      5,882  $ 6,867     $      1,699   $       --     $      --   $      --  $ 1,699 
    SGA                       --                            --       --               --        1,781           715          --    2,496 
    Special 
     charges                   --          --                --       --            4,229           --            --          --    4,229 
    Loss on 
     redemption 
     of debt                   --      47,191                --   47,191               --           --            --       2,518    2,518 
    Income taxes            (296)          --              (45)    (341)            (485)        (146)          (58)       (206)    (895) 
                  ---------------                                         ---------------  -----------  ------------ 
    Total 
     Special 
     Items             $      689   $  47,191      $      5,837  $53,717     $      5,443   $    1,635     $     657   $   2,312  $10,047 
                  ======  =======      ======  =====  =========   ======  ====  =========      =======  ====  ======      ======   ====== 
     
    (1) Restructuring charges relate to discontinuing production of certain glassware in North America and reducing manufacturing capacity 
    at our Shreveport, Louisiana, facility. 
    (2) Debt costs for the six months ended June 2014 include the write-off of unamortized finance fees and call premium payments on the 
    $405.0 million senior notes redeemed in April and May 2014, and the write-off of the debt carrying value adjustment related to the 
    termination of the $45.0 million interest rate swap. Debt costs for the six months ended June 2013 include the write-off of unamortized 
    finance fees and call premium payments on the $45.0 million senior notes redeemed in May 2013. 
    (3) Furnace malfunction relates to loss of production at our Toledo, Ohio, manufacturing facility. 
     
     
     
    Table 3 
    Reconciliation of Net (Loss) Income to Earnings Before Interest, 
    Taxes, Depreciation and Amortization (EBITDA) and Adjusted EBITDA 
    (dollars in thousands) 
    (unaudited) 
                              Three months ended    Six months ended 
                                   June 30,             June 30, 
                              ------------------  -------------------- 
                                2014      2013      2014      2013 
                              ---------  -------  ---------  ------- 
    Reported net (loss) 
     income                   $(25,168)  $12,436  $(28,552)  $14,425 
    Add: 
    Interest expense              5,486    8,126     13,187   16,561 
    Provision for income 
     taxes                        2,354    4,883      1,176    5,545 
    Depreciation and 
     amortization                10,592   11,623     21,268   22,397 
                              ---------  -------  ---------  ------- 
    EBITDA                      (6,736)   37,068      7,079   58,928 
    Add: Special items 
     before interest and 
     taxes                       47,767    6,062     54,058   10,942 
    Less: Depreciation 
     expense included in 
     special items and 
         also in 
     depreciation and 
     amortization above              --  (1,133)         --  (1,699) 
                                                  ---------  ------- 
    Adjusted EBITDA           $  41,031  $41,997  $  61,137  $68,171 
                               ========   ======   ========   ====== 
     
     
    Table 4 
    Reconciliation of Net Cash Provided by (Used in) Operating 
    Activities to Free Cash Flow 
    (dollars in thousands) 
    (unaudited) 
                              Three months ended  Six months ended June 
                                   June 30,                30, 
                              ------------------  ---------------------- 
                                2014      2013      2014       2013 
                              --------  --------  ---------  --------- 
    Net cash provided by 
     (used in) operating 
     activities               $ 10,353  $  9,385  $ (2,016)  $ (3,295) 
    Capital expenditures      (11,934)  (10,889)   (21,835)   (19,771) 
    Proceeds from furnace 
    malfunction insurance 
    recovery                        --        --      4,346         -- 
    Proceeds from asset 
     sales and other                --         4          4          8 
                              --------  --------  ---------  --------- 
    Free Cash Flow            $(1,581)  $(1,500)  $(19,501)  $(23,058) 
                               =======   =======   ========   ======== 
     
     
    Table 5 
    Reconciliation to Working Capital 
    (dollars in thousands) 
    (unaudited) 
                                June 30,      June 30,     December 31, 
                                  2014          2013           2013 
                              ------------  ------------  -------------- 
    Add: 
    Accounts receivable        $   106,345   $    91,482    $   94,549 
    Inventories                    182,100       175,911       163,121 
    Less: Accounts payable          80,546        59,309        79,620 
    Less: Receivable on 
     furnace malfunction 
     insurance claim                    --            --         5,000 
    Working Capital            $   207,899   $   208,084    $  173,050 
                                  ========      ========  ===  ======= 
     
     
    Table 6 
    Summary Business 
    Segment Information 
                              Three months ended   Six months ended June 
                                   June 30,                 30, 
                              -------------------  --------------------- 
    (dollars in thousands) 
     (unaudited)                2014       2013      2014       2013 
                              ---------  --------  ---------  -------- 
    Net Sales: 
    Americas (1)              $ 154,450  $141,815  $ 276,375  $265,350 
    EMEA (2)                     39,331    37,981     73,729    72,223 
    U.S. Sourcing (3)            21,396    21,196     39,130    38,680 
    Other (4)                     8,359     8,912     15,883    17,127 
    Consolidated              $ 223,536  $209,904  $ 405,117  $393,380 
                               ========   =======   ========   ======= 
     
    Segment Earnings Before Interest  
    Taxes (Segment EBIT) (5) : 
    Americas (1)              $  32,986  $ 33,123  $  47,975  $ 51,925 
    EMEA (2)                      1,910       691      2,163     (671) 
    U.S. Sourcing (3)             2,301     3,578      3,169     5,119 
    Other (4)                       869       829      1,314     3,114 
                              ---------  --------  ---------  -------- 
    Segment EBIT              $  38,066  $ 38,221  $  54,621  $ 59,487 
                               ========   =======   ========   ======= 
     
    Reconciliation of 
    Segment EBIT to Net 
    (Loss) Income: 
    Segment EBIT              $  38,066  $ 38,221  $  54,621  $ 59,487 
    Retained corporate costs 
     (6)                        (7,627)   (6,714)   (14,752)  (12,014) 
                              ---------  --------  ---------  -------- 
    Consolidated Adjusted 
     EBIT                        30,439    31,507     39,869    47,473 
    Loss on redemption of 
     debt                      (47,191)   (2,518)   (47,191)   (2,518) 
    Pension settlement and 
     curtailment                     --     (715)         --     (715) 
    Furnace malfunction           (576)        --    (5,882)        -- 
    Restructuring charges            --   (1,048)      (985)   (5,928) 
    Abandoned property               --   (1,781)         --   (1,781) 
    Special items before 
     interest and taxes        (47,767)   (6,062)   (54,058)  (10,942) 
    Interest expense            (5,486)   (8,126)   (13,187)  (16,561) 
    Income taxes                (2,354)   (4,883)    (1,176)   (5,545) 
                              ---------  --------  ---------  -------- 
    Net (loss) income         $(25,168)  $ 12,436  $(28,552)  $ 14,425 
                               ========   =======   ========   ======= 
     
    Depreciation  
    Amortization: 
    Americas (1)              $   5,851  $  7,321  $  11,810  $ 13,849 
    EMEA (2)                      2,738     2,507      5,364     4,993 
    U.S. Sourcing (3)                 7         9         14        18 
    Other (4)                     1,628     1,398      3,272     2,772 
    Corporate                       368       388        808       765 
                              ---------  --------  ---------  -------- 
    Consolidated              $  10,592  $ 11,623  $  21,268  $ 22,397 
                               ========   =======   ========   ======= 
     
    (1) Americas--includes worldwide sales of manufactured and sourced 
    glass tableware having an end market destination in North and South 
    America. 
    (2) EMEA--includes worldwide sales of manufactured and sourced glass 
    tableware having an end market destination in Europe, the Middle 
    East and Africa. 
    (3) U.S. Sourcing--includes U.S. sales of sourced ceramic 
    dinnerware, metal tableware, hollowware, and serveware. 
    (4) Other--includes worldwide sales of manufactured and sourced 
    glass tableware having an end market destination in Asia Pacific. 
    (5) Segment EBIT represents earnings before interest and taxes and 
    excludes amounts related to certain items we consider not 
    representative of ongoing operations as well as certain retained 
    corporate costs and other allocations that are not considered by 
    management when evaluating performance. 
    (6) Retained corporate costs includes certain headquarter, 
    administrative and facility costs, and other costs that are not 
    allocable to the reporting segments. 
     

    SOURCE Libbey Inc.

    /CONTACT: INVESTOR CONTACT: Kenneth Boerger, Vice President and Treasurer, (419) 325-2279, ken.boerger@libbey.com; MEDIA CONTACT: Lisa Fell, Director of Corporate Communications, (419) 325-2001, lfell@libbey.com

    /Web site: http://www.libbey.com

    
    

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