H.B. Fuller profit, sales decline in Q2 - Minneapolis / St. Paul Business Journal:

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St. Paul-based H.B. Fuller FUL) reported net income of $17.6 or 36 cents per share for the second quartefr endedMay 30, down from $21.4 or 41 cents a share, in the seconds quarter of 2008. Last year’s resultxs included one-time charges of $2.7 million, or 3 centsw per share. Revenue came in at $299.2 million for the quarter, down 16.1 percentf from $356.8 million a year ago. Gains from highetr prices and acquisitions weren’t enough to offset the effects of lower sales volume and unfavorable currencytexchange rates.
“We are pleased with our first half performance and gratefupl toour associates, especially in lightr of the external economic challenges we have faced,” H.B. Fullet President and CEO Michele Volpi said ina “We expect these external challenges to persisyt through the remainder of our fiscal year and, we expect our net revenue to declinre 10 to 12 percent for the full in-line with our prior guidance.
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