H.B. Fuller Co. has reported financial results for its second quarter, which ended May 30, 2009.
Second quarter 2009 highlights included
gross margin expansion by approximately 300 basis points both year-over-year
and sequentially, primarily due to lower raw material costs; operating margin
increases both year-over-year and sequentially; and a cash flow from operations
increase of $54 million versus the first quarter, leading to a $55 million
reduction in net debt.
“We achieved a significant
improvement in financial performance sequentially and actually exceeded the
operating margin of the same period last year, notwithstanding the extremely
difficult demand environment we endured during the second quarter,” said
Michele Volpi, president and CEO.
For more information, visitwww.hbfuller.com.