TOLEDO, Ohio, June 18, 2013 /PRNewswire/ -- Libbey Inc. is pleased to announce that Chief Executive Officer, Stephanie Streeter, was presented with a Gold Stevie® Award in the "Executive of the Year" category at The 11th Annual American Business Awards held at the Fairmont Chicago Millennium Park Hotel last night.
Streeter was nominated in the "Executive of the Year" category for the manufacturing industry for her leadership and direction since joining Libbey Inc. in August 2011. Under her leadership, the company is focusing on an operational development plan to reduce costs and boost efficiency across the company, reinforce its leadership position in key segments and strategically accelerate growth in specific markets.
Additionally, the company is well underway with its successful turnaround. On an annual basis, the company delivered four strong quarters realizing records in sales, income from operations and adjusted EBITDA. For the full year 2012, sales were $825.3 million, compared to $817.1 million for 2011 and income from operations grew 28.1 percent while adjusted EBITDA increased 17.1 percent to a record $132.4 million compared to $113.1 million for 2011.
The American Business Awards are the nation's premier business awards program. This year, more than 3,200 nominations from organizations of all sizes and in virtually every industry were submitted for consideration in a wide range of categories. More than 500 nominees and their guests attended the gala. Winners were selected by more than 320 executives nationwide who participated in the judging process this year.
"This year's American Business Awards was outsized in every way," said Michael Gallagher, Stevie Awards founder and president. "More entries and more judges than ever before, and I'd have to say the most impressive collection of nominations we've ever received. We congratulate all of this year's Stevie winners for their outstanding work."
Details about The American Business Awards and the lists of Stevie Award winners who were announced on June 17 are available at www.StevieAwards.com/ABA.
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 2012, Libbey Inc.'s net sales totaled $825.3 million. Learn more about Libbey at www.libbey.com.
About the Stevie Awards
Stevie Awards are conferred in four programs: The American Business Awards, The International Business Awards, the Stevie Awards for Women in Business, and the Stevie Awards for Sales & Customer Service. A fifth program, the Asia-Pacific Stevie Awards, will debut this year. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about the Stevie Awards at www.StevieAwards.com.
SOURCE Libbey Inc.