HB Fuller Offers 5-Year Growth Targets

St. Paul, MN, October 4, 2007--HB Fuller said it expects to grow earnings from continuing operations 10% to 15%, on a compound annual basis, from 2008 to 2012.

 

The company also anticipates organic revenue growth of 3% to 5% per year. Organic growth excludes revenue from acquisitions, sales and foreign currency translations.

 

Last week, the company raised its full-year 2007 earnings estimate to $1.75 per share to $1.78 per share, citing operational improvements. It previously forecast earnings of $1.65 per share to $1.75 per share.

 

Analysts forecast a profit of $1.76 per share for 2007.