H.B. Fuller Lowers 2008 Guidance Amid Higher Costs

H.B. Fuller says it has lowered earnings guidance for its fiscal year 2008 to reflect “rapidly rising raw material costs.” Fuller now expects income from continuing operations to be $1.55-$1.60/share, down from earlier estimates of $1.76-$1.86/share, and below last year’s $1.66/share. Volpi: A ‘temporary situation.’ “We are disappointed that our current outlook indicates we will fall short of our previous earnings guidance for 2008,” says president and CEO Michele Volpi. “However, we believe that this is a temporary...

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