H.B. Fuller's revenue down 16% in secong quarter.(Financial News)(Financial report)(Brief article)

H.B. Fuller has reported financial results for the second quarter that ended May 30, 2009. The global economic recession continued to negatively impact the company's financial performance versus the prior year. Although gross margin recovered during the second quarter, primarily due to lower raw material costs, the effect of lower volumes led to a decline in gross profit dollars of $5.8 million year-over-year. Net income for the second quarter of 2009 was $17.6 million versus $21.4 million in last year's second quarter. Net revenue for the second quarter of 2009 was $299.2 million, down 16.1% versus the second quarter of 2008. Net income for the first half of 2009 was $23.7 million versus $39.6 million in the first half of last year. Net revenue for the first half of 2009 was $577.8 million, down 15 % versus the first half of 2008.

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