H.B. Fuller Earnings Rise, But Miss Estimates

H.B. Fuller recorded fiscal 2011 fourth-quarter net income of $26.4 million, up 20.5% year-on-year from $21.9 million during the same fiscal period in 2010. Income totaled 53 cts/share, short of Wall Street consensus of 59 cts/share, as reported by Thomson Reuters (New York). The company’s fiscal fourth-quarter of 2011 included an extra week compared to the same period in 2010. The company also incurred a $7.5 million charge during the fiscal fourth-quarter due to restructuring and the acquisition of Forbo’s industrial adhesives business.   Net...

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