Pfirsch added that he has carefully planned the asiannouveau. During his extensive travels throughout the region, he found that
discovering and promoting Asian artists and designers was a natural evolution
in his own personal appreciation for Asian arts, design and craft traditions. Using asiannouveau.com as an online
gallery accessible to anyone with Internet access , Mr. We
anticipate that we will expand the number of items available on the Website by
as much as 200 percent within the next year. The online
price listed for each item includes shipping and insurance, a feature unique
to asiannouveau.php to access the
complete media kit."
Housewares manufacturers are looking to seize the ripe Generation
Y market, the group born after 1978 and before 1995.thegourmetshow. Reed has North American offices in Norwalk,
Conn.

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.
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.

manatees tossers

We feel this is an important decision which will allow our
company, and our new customers, an opportunity to help those who are in need .com has been a passion," said Mr.com has partnered with the Bank of Asia,
accepts Visa and MasterCard .com (asian nouveau ltd. The 78
million-plus members, made up of mostly young professionals and
college students, represent more than $200 billion in purchasing
power, often have discretionary income and have not developed
structured purchasing patterns.
The Las Vegas Gourmet Housewares Show(TM) is owned, managed and
produced by George Little Management, LLC (GLM).
Additional information is available online at www., Palm Beach, Fla.9 million in the year-ago period. The Company
reported a net loss of $2.4 million of working capital associated with Crisal." He added, "We plan
to break ground in China on our new production facility during the third
quarter.libbey.

thrown candlesticks

) was founded by Damien Mr.5
million in North America. (NYSE:RUK)(NYSE:ENL).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. 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. Libbey believes that providing supplemental non-GAAP financial
information is useful to investors in understanding Libbey's core business
and trends.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 .

scuplture anagama

Mr.com are of a quality and uniqueness that would be difficult to
find in the U.com. For additional information, visit
http://www.
housewares industry reported retail sales of $62. Both men and women continue to show affinity for small
appliances at mass merchant outlets. 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. 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.2%)

Minority interest (4) -

Net (loss) income $(870) $9,365 (109 .68
Diluted $(0.S.

ceramicists shinju

newscom.
"Creating asiannouveau. Pfirsch had an extensive career
as an inbound travel agency managing director in Thailand and surrounding
countries. Pfirsch is providing
exposure and marketing opportunities that were previously unavailable to his
creative partners located throughout Southeast Asia.com we are launching today is just the beginning," said
Mr.com
asiannouveau. Sharpens your knife much faster than
you 'd expect, it's much easier to use than other sharpeners,
and it polishes your knife to a smooth edge every time you use
it.

A completely new take on smoking food, the Anuka Electric
Smoker provides delicious, gourmet-smoked flavor without the
hassles of typical food smokers.73 per diluted share, in the year-ago
period.1
million during the second quarter of 2005 as inventories and accounts
receivable were lower, but were partially offset by lower accounts payable. The conference call will be
simulcast live on the Internet on both http://www. Its Traex subsidiary, located in
Wisconsin, designs, manufactures and distributes an extensive line of plastic
items for the foodservice industry.

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 $(0.8%)

Weighted average shares:
Outstanding 13,869 13,678
Diluted 13,869 13,699

(1) Refer to Table 1 for Special charges detail

LIBBEY INC.8%)

Interest expense 6,842 7,092

(Loss) income before income taxes
and minority interest (3,728) 14,821 (125.

luster anagama

"
Recognizing that contemporary Asian art, and Asian-inspired home accents
can be a complement to contemporary decor, Mr."
Prior to launching asiannouveau .
He also found that his marketing expertise filled an important role in helping
Asian artists , designers and craftsmen.asiannouveau. Sales Up 6.5 Percent

TOLEDO , Ohio, Libbey Inc.
Pretax equity loss from Vitrocrisa, the Company's joint venture in Mexico ,
was $0.32 to $0.

The above information includes "forward-looking" statements as defined in
the Private Securities Litigation Reform Act of 1995.8 million.
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.

glazed stoneware

com, a
first-of-its-kind Website offering a distinctive collection of authentic
contemporary Asian art and distinctive Asian decor, today launched world -wide
sales.
The Website also features contemporary Asian Decor items such as hand-made
pillow covers, throws, and rugs; contemporary lighting; and, distinctive and
colorful Asian dinnerware; functional, contemporary Asian Home Accents such as
vases, bowls, trays, decorative boxes, and stands; and Unique Asian-Inspired
Gifts such as handpainted silk scarves and shawls and exclusive gifts created
for men and women, alike. Just draw your knife through the sharpening stones,
and your knife is sharpened and polished to a super sharp edge
with just a few strokes.
The Company recorded income from operations of $2.49 to $0. Its Crisal subsidiary, located in
Portugal , provides an expanded presence in Europe.45 -
Net income per diluted share
excluding special charges $0.3%)

Provision for income taxes (427) 4,599

(Loss) income before minority
interest (866) 9,365 (109.6%)
Equity (loss) earnings -- pretax (198) 67
Other income 732 1,087

Earnings before interest , income
taxes and minority interest 3,114 21,913 (85.73 (124.

quixotic handbuilt

He was convinced that many consumers may not have previously considered
experimenting with tasteful and distinctive Asian touches, but once exposed to
the idea, they would quickly see how the right Asian creations can enhance
almost any contemporary decor. Pfirsch's vision for asiannouveau.com /newsdesk_index.
Key new housewares products highlighted at the National Hardware
Show(R) this year include:

DiamondStone Knife Sharpeners from the McGowan Manufacturing
Company use ceramic sharpening stones with diamond dust mixed
in the ceramic, to create an easy way to sharpen a knife
quickly.

The new 48" Mosaic Dining Table by Oakland Living Corporation
has a built in Firepit or Ice pit. It
combines convenience, portability and simplicity wrapped
within a stylish design. 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. 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. 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.

stoneware glazes

com will
make a donation to the Thai Red Cross equal to five percent of our first
quarter sales.com showcases the latest creations from Asian contemporary
artists and designers. "We will soon be featuring additional artists and creators of
crafts from countries located throughout Southeast Asia and China as well.com is the only online gallery to offer a broad array of
contemporary Asian art creations -- a "fusion" of contemporary Asian art and
imagery .
Household electronics and appliances continue to dominate housewares
purchases, accounting for 14. According to NPD Household Consumer
data, price and features, rather than brand loyalty, are the two
leading purchase motivators for Gen Yers. This new concept is ideal
for parties where you can cook your food at table side or have
additional beverages at hands' reach for the gathering.

Libbey Inc. Announces Second Quarter Results

Net loss was $0.3 million from $258. Its
Syracuse China subsidiary designs, manufactures and distributes an extensive
line of high-quality ceramic dinnerware, principally for foodservice
establishments in the United States .

woodfired ceramicists

The unique collection includes more than
350 creations, ranging from abstract and figurative paintings to colorful and
functional home decor creations and accents which will appeal to home decor
aficionados in the United States, Europe and around the world. Pfirsch."
While there are Websites that feature Asian arts and crafts,
asiannouveau.
The prices of products start at $45 U.
Mr.

Business Editors/Lifestyle Editors/Home + Garden Writers
National Hardware Show 2005

LAS VEGAS----In 2003, the U.18 per diluted share, compared with
net income of $9.m.
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. 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. In addition , Libbey is a
joint venture partner in the largest glass tableware company in Mexico. In 2004, Libbey Inc.
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 6.18 ) $0.
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.

lustre stoneware

asiannouveau.4
percent from the previous year, according to the 2004 State of the
Industry Report by the International Housewares Association (IHA).
"The housewares industry has exploded over the past decade and the
National Hardware Show(R) recognizes the need to have a large gourmet
housewares presence," said Rob Cappiello, industry vice president of
the National Hardware Show(R). (NYSE: LBY )
announced that its diluted loss per share for the second quarter ended
June 30, 2005, was 6 cents on sales of $144.8 million in the year-ago quarter. 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 .37 for the
third quarter and $0. We are very excited about this new production facility expected to be
operational by early 2007. 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.S.
In addition, in June 2005, Libbey reduced its North American salaried
workforce by seven percent in order to reduce Libbey's overall cost
profile.27 $0.73

LIBBEY INC.

This category features the Web sites of independent ceramicists that offer decorative and functional handmade ceramics for retail sale.

thrown glanville

"I want
to give consumers a unique opportunity to peruse contemporary and distinctive
home accents directly from Asia, and to make these creations available to
discerning consumers through a convenient and reliable online gallery. Pfirsch set out to offer a
collection that would appeal to consumers who are attracted to Asian decor, as
well as to home decor aficionados who may be looking for a contemporary
creation that is original and tasteful. The works found on our online gallery offer
consumers a unique opportunity to find new, high quality inspirational
accents , rather than Asian 'commodity crafts' that can be found in home decor
shops and boutiques, as well as some online sources. Mr. Shopping on the Website is also secured by
VeriSign(R), the world's leading secure Website verification services that
protects consumers' personal and confidential financial information.

About http://www. Pfirsch
envisions the online gallery will be dynamic and constantly evolving with new
artists and their works being added on a continuous basis.

Nationally known barbeque expert, Steven Raichlen, is
introducing a Signature line of barbeque tools and
accessories, sauces and rubs. Single-serve drip
coffeemakers, industrial-strength blenders and silicone ("non stick")
bakeware are examples of housewares that encourage ease and
simplicity ., Las Vegas and Toronto, and
sales and operations offices worldwide.0 percent to
$274." 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 . 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.:

-- 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 .3%)

Net (loss) income per share:
Basic $(0.C.

stoneware maura

After an Initial Delay Due to the Devastating Earthquake and Tsunamis,
asiannouveau. The unique online gallery offers consumers inspirational home decor
ideas and stylish accents created by famous and emerging artists, designers
and creators of crafts located throughout Thailand and neighboring Asian
countries. Pfirsch. asiannouveau.S.
Running Tuesday, May 17, through Thursday, May 19, 2005, at the
Las Vegas Convention Center and Sands Expo and Convention Center in
Las Vegas, the two events are expected to attract thousands of
national and international buyers., Newton, Mass .5 million, as compared with
earnings per share of 68 cents and sales of $135.8 million in the prior -year
second quarter.
Equity loss from Vitrocrisa was $0.2 million on a pretax basis as compared
to pretax earnings of $0.1 million in the year-ago period.5 million, or $0. 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. 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.18) $0.

nigrosh ceramicists

com/cgi-bin/prnh /20050207/LAM067)
Originally with plans to launch in early January, the December 26
earthquake and tsunamis in Southeast Asia required the Website's Founder and
Managing Director Damien Pfirsch to assess the impact the disaster may have
had on the stable of more than 50 artists represented on the Website, as well
as the company's operations.corporate-ir.zhtml?p=irol-
eventDetails+c=64169 +eventID=1105420 .73
Special charges - net of tax 0.6%)

Interest expense 3,464 3,516

(Loss) income before income taxes
and minority interest (1,293) 13,964 (109.
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.

stoneware nigrosh

This is one of the many value-added
benefits that we offer consumers who may be weary of the authenticity of the
art they are buying and they have our assurance that our prices are fair to
the artist and the consumer, alike.S. Specialty stores (such as Pier 1
Imports ) slightly edged out department stores in total housewares
sales.com

Reed Exhibitions, which manages more than 420 events worldwide, is
a member of the Reed Elsevier Group plc, a world-leading provider of
information-driven services and solutions.5 percent to $144.8 million, as compared with pretax earnings of $1.68 in the second quarter of 2004.2 million as compared to June 30,
2004 and includes $11.
Excluding Crisal, inventories at June 30, 2005, were $3.net/phoenix.S.68 $0.06 ) $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.L.S.

glazed luster

Pfirsch .
"Contemporary Asian art is increasingly becoming trendy, and prices are
skyrocketing," said Mr. and Europe.4 million in the year-
ago quarter.3 million as the result of lower interest rates .

Outlook for 2005
John F. 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.68 (108.

dinnerware candlesticks

Pfirsch. "Recognizing the ongoing need for funds for
reconstruction and care of those who have lost so much, asiannouveau.com
offering over the past few years -- a process that included identifying and
forging relationships with famous and emerging artists, and assembling a
collection of contemporary items from these individuals that would inspire
consumers who are looking for unique and affordable art, as well as design and
crafts to complement their individual and personal home environment."
He added, "It is important to note, the design creations found on
asiannouveau. for many home decor items, and
range as high as $4,000 for paintings by famous artists. Function is not lost in design as they
stay firmly in the drawer or cupboard and keep their contents
in place.

Partially offsetting these increases were lower
glassware shipments to foodservice, retail and industrial customers.06 ) $0.31 - 0. de C., a domestic distributor of industrial glassware for
Vitrocrisa in the U.

dinnerware candlesticks

com, Mr. Add-a-Shelf offers a great assortment of
over-molded accents which are visually pleasing with their
fresh look and feel.com
For more information on the 2005 National Hardware Show(R) in Las
Vegas, visit www. The increase in sales was
attributable to the Crisal acquisition in Portugal and higher sales of World
Tableware, Traex, and Royal Leerdam products .6 million compared with $20.06) $0. GAAP, is shown above.

sajo tossers

com Moves Forward With International Marketing Launch Pledging to
Donate Five Percent of First Quarter Sales to the Thai Red Cross

BANGKOK, Thailand, asiannouveau.
(Photo: http://www."
asiannouveau.
Currently , visitors will find Abstract and figurative paintings by young,
emerging artists, as well as some of South East Asia's most famous artists.

High-End Housewares Set the Table with Style; Las Vegas Gourmet Housewares Show Co-Locates with the 2005 National Hardware Show

2 billion, up 7.
This year, Reed Exhibition's National Hardware Show(R) and George
Little Management, LLC's (GLM) Las Vegas Gourmet Housewares Show(TM)
will present more than 3,000 exhibitors of home improvement products
and gourmet housewares, in a combined total of 700,000 net square feet
of exhibit space. Reed Exhibitions and GLM will
coordinate activities for each show in ways that make the experience
seamless for participants . "Today, housewares are all about
convenience, functionality and style, and retailers and consumers
alike are eager to learn and explore the new trends and products in
this industry. Reed Exhibitions offers
integrated market access programs covering exhibitions, trade
publications, direct marketing and the Internet to a database of 3. Sales to foodservice glassware
customers were down slightly .

Six-Month Results
For the six months ended June 30, 2005, sales increased 6.

Webcast Information
Libbey will hold a conference call for investors on Thursday,
July 28, 2005, at 11 a.8%)

Selling, general and administrative
expenses (1) 20,367 17,486
Special charges (1) 4,197 -
Income from operations 2,492 15,436 (83.L.

smyth scuplture

Pfirsch's intention is to create a gateway for artists,
designers and craftsmen to showcase their creations free of charge , and to
give consumers a venue through which they can gain access to these designs via
a reliable and responsible e-commerce Website. All purchases are
shipped within one to two business days by FedEx from Thailand. The two shows together create the largest and most
comprehensive gourmet housewares and home improvement marketplace in
the United States.nationalhardwareshow. 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 . Interest expense
decreased $0.9 million, or $0. 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.


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.

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. Libbey has recorded a pretax charge of $847 in
the second quarter 2005 and $3 ,844 year-to-date 2005, as detailed below.2%)

Provision for income taxes (1 ,230) 4,891

(Loss) income before minority
interest (2,498) 9,930 (125.

anagama thrown

"The asiannouveau. The new Steven Raichlen's Best
of Barbecue Signature Series consists of more than 50 products
and is solution-oriented to help novice and experienced
grillers.

MadeSmart Housewares launches a smart, stylish line for
kitchen organization.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 .

ceramics tossers

asiannouveau.com Launches First-Of-Its-Kind Online Gallery Featuring a Distinctive Collection of Unique Contemporary Asian Paintings and Stylish Home Decor Acc

"At the same time, we are deeply saddened by the devastation and loss of
life," commented Mr. "asiannouveau.com buys directly from Asian
artists at more reasonable prices.S. The Show features 800
suppliers of gourmet housewares products, including cookware,
kitchenware, tabletop, culinary tools, cutlery, specialty appliances
(electric and non -electric), wine accessories, kitchen textiles,
lifestyle furnishings, home and personal care items , decorative
accessories and specialty foods and attracts some 10,000 attendees. 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. 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 .5 million during the
quarter, as compared with income from operations of $15.06 per diluted share , as compared with
diluted earnings per share of $0.8 million in the
year-ago period.
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 7 days after the conclusion of the call. 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.'s net sales totaled
$544. 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 .2%)

Minority interest (21) -

Net (loss) income $(2,519) $9,930 (125.

handbuilt stoneware

The first of its kind, the
Anuka was developed to make smoking food more popular.

Beyond these new products, another hot trend is product lines
sporting commercial-like features and design.
Income from operations was $2.8 million to $170.3 million from $171.8 million lower than
at June 30, 2004.54 for the fourth quarter.
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.

maura shinju

Although portions of Thailand's coastal tourist
areas were devastated by the disaster, the company, and its artists were not
directly impacted, allowing for today's launch.com is to introduce contemporary Asian
art creations and craftsmanship to art and design lovers throughout the world,
particularly in Europe and the United States where consumers are increasingly
open minded to adding a contemporary Asian "design flair" within the context
of traditional and contemporary Western decor tastes.

Second Quarter Results
For the quarter-ended June 30, 2005, sales increased 6.5
million from $135.9 million, or $0. 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.


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 $(0.5%
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. Summarized combined statements of
income for Libbey's investments, accounted for by the equity method
under U.

maura quixotic

Pfirsch,
32, a French-born home decor connoisseur and expert on Asian art and culture.
With more than 350 items currently available on the Website, Mr.7 percent of purchases, with color being
a leading purchasing factor across all product categories. The unit is being introduced this
year to the North American market by Almont Products.com and
http: //phx.

Libbey Inc.
(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) $0.25 $0.4%)

Net (loss) income per share:
Basic $(0.73
Diluted $(0.
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. de R.V. and Canada.

handbuilt ceramicists

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- - kjjkjk

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