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Libbey Inc. (LYBI) today reported net income of $3.5 million, or $0.23 per diluted share, for the quarter-ended September 30, 2009, compared to a net loss of $6.0 million, or $0.40 per diluted share, in the prior-year third quarter. Net sales were $186.9 million in the third quarter of 2009, compared to $211.5 million in the prior-year third quarter.

John F. Meier, chairman and chief executive officer, commenting on the quarter said, "During the third quarter, we continued our solid success in cash flow generation for the year, resulting in increasingly improved liquidity." Mr. Meier added, "Our U.S. retail shipments again led the way during the third quarter, as sales in this channel increased over nine percent compared to the third quarter of 2008. As a result of overall increases in demand, primarily in North America, we also benefited from increased capacity utilization in all three North American glass factories during the third quarter of 2009. These factors, along with the continued success of our cost reduction program, allowed us to generate $31.9 million in normalized EBITDA during the quarter."
The company previously close at $4.20 in the last trading session. The company hit a 52 week high of $5.34 in early trading.

Dynasil Corporation of America (DYSL.OB) yesterday announced that Mr. Kenneth P. Morse, founding Managing Director of the MIT Entrepreneurship Center has signed an agreement to assist in the commercialization of Dynasil’s extensive research and technology portfolio.

Dynasil Chairman, Mr. Peter Sulick stated, "We are extremely excited that Ken will be providing us with his expertise on a regular basis. Having someone well schooled in technology innovation and entrepreneurship fits in very well with the potential we see in the commercialization of our intellectual property, the byproduct of our growing contract research.”

Dynasil CEO, Mr. Craig Dunham, added, “With Ken’s active assistance and access to his networks, we believe we are better positioned to commercialize our technology portfolio. This has become a major focus for our future, and we believe we can accomplish this while also maintaining our current uninterrupted record of significant and profitable growth.”
The company matched a 52 week high of $2.75 in early trading on light volume.


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