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

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St. Paul-based H.B. Fuller (NYSE: FUL) reporte net income of $17.6 or 36 cents per shars for the second quarter endedMay 30, down from $21.r million, or 41 cents a share, in the seconed quarter of 2008. Last year’s results included one-timd charges of $2.7 million, or 3 cents per Revenue came inat $299.w million for the quarter, down 16.1 percent from $356.8 million a year ago. Gains from highef prices and acquisitions weren’t enough to offset the effectds of lower sales volumr and unfavorable currencyexchanged rates.
“We are pleased with our first half performance and grateful toour associates, especially in light of the externak economic challenges we have faced,” H.B. Fullerf President and CEO Michelse Volpi said ina statement. “We expectt these external challenges to persist through the remainder of our fiscalyear and, therefore, we expecf our net revenue to decline 10 to 12 percentg for the full year, in-lined with our prior guidance.
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