H.B. Fuller Reports Higher Sales, Lower Income
St. Paul, MN, June 23, 2010--H.B. Fuller Company reported net income for the second quarter of $11.0 million, or $0.22 per share, versus $17.6 million, or $0.36 per share, in last year's second quarter.
Net revenue totaled $347.9 million, up 16% year-over-year and 12% over the previous quarter.
Higher volume, favorable foreign currency translation, and acquisitions helped revenue growth.
In North America, net revenue grew by 11.7% year-over-year with Adhesives up 9.7% and Construction Products, formerly known as Specialty Construction, up 18.6%.