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Markets :: Specialty Chemicals :: Adhesives and sealants

H.B. Fuller Earnings Down, But Beat Estimates

10:56 AM MDT | June 24, 2009 | Vincent Valk

H.B. Fuller reported net income of $17.6 million, or 36 cts/share, for the second quarter, down from $21.4 million the year-ago period. The company's income exceeded analyst consensus estimates, which stood at 25 cts/share. The company saw revenues drop by 16.1% from the year-ago period, to $299.2 million. Revenues were positively impacted by higher selling prices, but negatively impacted by lower volumes. Income for the first half of the year totaled $23.7 million, or 48 cts/share, compared to $39.6 million, or 72 cts/share, in the first half of 2008. First-half...

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