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H.B Fuller earnings up, but slightly short of estimates

10:16 AM MDT | March 28, 2013 | Vincent Valk

Adhesives maker H.B. Fuller has reported net income from continuing operations of $20.8 million, or 41 cts/share, for the company’s fiscal first quarter. Net income from continuing operations rose 52.9% year-on-year (YOY) from the same period in fiscal 2012. Net revenue was up 38.9%, to $479.8 million, mostly because of the impact of the acquired Forbo business. Fuller’s fiscal first-quarter ended on 2 March.   Adjusted diluted earnings from continuing operations totaled 49 cts/share, slightly short of analysts’ consensus estimate...

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