St. Paul, MN, March 29, 2006--H.B. Fuller reported first-quarter profits that more than doubled, the result of lower manufacturing costs and a better product mix.
Net income rose to $15.3 million, or $0.52 a share, from $6.5 million, or $0.22 a year earlier.
Analysts had estimated earnings of $0.27 a share.
Because of the strong first quarter and increased confidence, the company now expects fiscal 2006 earnings to range between $2.55 and $2.65 a share, beating the average analyst forecast of $2.11.
For 2007 the additions are expected to boost diluted earnings per share between $0.12 and $0.18 a share, the company said.
