Chart sees strong opportunities in 2009


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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