Markets :: Specialty Chemicals :: Adhesives and sealants
H.B. Fuller earnings rise on higher margins
4:29 PM MDT | June 27, 2013 | Vincent Valk
H.B. Fuller’s fiscal second-quarter net income rose more than five-fold, to $25.9 million, or 51 cts/share, on revenue down 1.5% year-on-year (YOY), to $519 million. Adjusted earnings totaled 67 cts/share, up 8.1% YOY. H.B. Fuller’s fiscal second- quarter ended on 1 June. Volumes, which fell 1.4% YOY, drove the decline in revenues, while selling prices rose. The decline in volumes was due to a 5% drop in the company’s Europe, India, Middle East and Africa (EIMEA) region – volumes rose slightly elsewhere. "While we did not deliver the...
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