IHS Chemical Week

Markets :: Specialty Chemicals :: Adhesives and sealants

Fuller's Earnings Fall on Charges

8:34 AM MST | January 12, 2011 | Kerri Walsh

H.B. Fuller’s net income decreased in its fiscal fourth quarter ended November 27 because of charges related to a fire and the departure of the company’s CEO. Sales rose because of higher volumes and selling prices, as well as the impact of acquisitions.  Net income fell 11%, to $21.9 million (44 cts/share), on sales up 6%, to $360.2 million. Operating income dropped 15%, to $29.6 million. Operating income fell across all regions because of “escalating” raw material costs, Fuller says. The greatest decline in profits was in EIMEA...

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