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Fuller Profits Fall on Higher Costs

12:11 PM MDT | July 1, 2008 | Chemical Week Editorial Staff

H.B. Fuller reported second-quarter net income from continuing operations down 14%, to $21.4 million, compared with the year-ago period. Fuller cites rising raw material costs and a lag in selling price increases, partially offset by lower selling, general, and administrative costs. Results include pre-tax charges of $2.7 million related to certain restructuring, as well as a retail business acquisition. Sales rose 1%, to $357 million. Fuller expects full-year earnings of...

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