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H.B. Fuller Earnings Rise 11% on Sales Growth
4:16 PM MDT | September 26, 2012 | Vincent Valk
H.B. Fuller’s fiscal third-quarter net income rose 11% year-on-year, to $24.6 million, on higher volumes and prices. Adjusted earnings, excluding costs related to the Forbo acquisition and restructuring, totaled 53 cts/share, up 20% from the year-ago quarter. Earnings matched analysts’ consensus, according to Thomson Reuters (New York). The company’s fiscal third-quarter ended on September 1. Sales increased 38% year-on-year, to $500.5 million, mostly due to the impact of the Forbo acquisition. However, volumes and prices also rose, by 3%...
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