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Fuller's Net Income Down on Charges

10:24 AM MST | January 16, 2008 | Kerri Walsh

H.B. Fuller reported net income from continuing operations for its fiscal fourth quarter ended December 1 up about 5%, to $30.8 million (51 cts/share), on sales down 4%, to $361 million. Operating income fell in all regions except in Europe, Fuller says. Operating income dropped about 8% in North America, the most in any region, the company says. Total net income fell 66%, to $25.7 million (43 cts/share) including a $6.2-million charge associated with the sale of Fuller’s automotive joint venture in fourth-quarter 2007 and a $69-million pretax gain in the...

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