H.B. Fuller revenue climbs 41 percent
H.B. Fuller reported second-quarter net revenue grew 41 percent to $789.4 million versus the same period in 2017, driven by the addition of the Royal business.
On a proforma basis, including Royal in 2017, net revenue increased 8 percent, of which half was organic growth. The Engineering Adhesives, EIMEA, and Asia Pacific segments all experienced growth in the double digits;
Net income was $44.5 million, or 86 cents per diluted share, compared to $25.9 million, or 50 cents, in the same period last year.
“We remain committed to strengthening the performance of both the core legacy H.B. Fuller businesses and our recently acquired businesses. The contributions being made to our business by Royal continue to gain traction, and we are pleased that the integration plans and synergy progress remain in-line with our expectations, as do our free cash flow improvement and debt reduction," said Jim Owens, president and CEO.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
