IHS Chemical Week

Markets :: Specialty Chemicals :: Adhesives and sealants

H.B. Fuller net income falls despite sales increase

9:24 AM MDT | June 26, 2014 | Vincent Valk

H.B. Fuller has announced fiscal second-quarter net income of $20.5 million, or 40 cts/share, down 20.8% year-on-year (YOY), on sales up 4.8%, to $544 million. Adjusted earnings, excluding some restructuring charges, totaled 78 cts/share, up 16% YOY. Sales grew due to higher volumes, but that growth was tempered by lower selling prices, the company says. “Our financial performance in the second quarter was mixed. On the positive side, we retained our discipline in discretionary spending and improved our organic revenue growth trend.  Notably, sales...

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