LaPolla Industries Inc. (LPAD.OB) Reports Second Quarter Profit on Sales Growth
LaPolla Industries Inc. (LPAD.OB), a manufacturer and supplier of spray polyurethane foam insulation and coatings designed to reduce energy consumption in commercial and residential construction and retrofit markets, reported second quarter financial results this afternoon after the close. Revenues rose 26% to $12.0 million, compared to $9.5 million for the same period in fiscal 2007. Sales of foam products surged 63% to $9.1 million from $5.6 million, while the coatings segment experienced a 25% decline to $2.9 million from $3.9 million in Q2 2007. Gross profit rose to $2.7 million, a 53% increase from $1.8 million. Operating net income was…