H.B. Fuller Reports Higher Income, Revenues
St. Paul, MN, March 28, 2013 -- Adhesives maker H.B. Fuller Company reported net income from continuing operations for the first quarter was $20.8 million, or $0.41 per share, versus net income from continuing operations of $13.6 million, or $0.27 per share, in last year's first quarter.
Net revenue was up 39% to $479.8 million. When excluding the incremental revenue from the acquired Forbo business, net revenue growth was 3.6%
"We grew our business in the quarter and achieved our plans for operating profit despite a lackluster economic environment in most parts of the world," said Jim Owens, H.B. Fuller president and chief executive officer.