IHS Chemical Week

People & Business :: Earnings/Finance

Fuller's Profits Up on Higher Pricing and Volumes

8:57 AM MDT | June 23, 2011 | Nancy Seewald

H.B. Fuller reported second-quarter net income of $25.1 million, more than double year-ago results of $11 million. The 2010 period included costs totaling $8.4 million. Earnings of 50 cts/share beat analysts’ consensus of 46 cts/share, as reported by Reuters Thomson (New York). Sales rose 13%, to $393.7 million, on higher average selling prices, higher volume, favorable foreign currency exchange rates, and acquisitions. Sales and operating income rose across all geographic regions. “In the face of continued raw material inflation, we performed well...

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