H.B. Fuller Co. has reported net revenue and net income for the second quarter ended May 31. Second quarter net income was $9.8 million. Last year’s second quarter net income was $7.9 million. Second quarter net income, excluding charges related to the restructuring initiative, totaled $12.3 million, compared to last year’s total of $12 million.
Net revenue for the second quarter of 2003 was $324.5 million, a 1.6% increase from the second quarter of 2002. Reduced volume and pricing accounted for decreases of 1.9% and one percent, respectively, while positive currency effects accounted for a 4.5% increase.