As its second quarter 2009 figures are released, Chart says it will take advantage of potential market opportunities as economic conditions improve.
Net income for the second quarter of 2009 was $17.8m, in the same period of 2008 it was $22.2m.
The quarter included $4.1m in restructuring costs, primarily related to planned workforce reductions as part of the company’s cost reduction initiatives.
Net sales decreased 21% to $155.3m, compared to $197.8m in 2008. Gross profit was $55.9m, in 2008 it was $64m.
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