H.B. Fuller sales up 2.8 percent
H.B. Fuller Company said its net income for the third quarter was $27.2 million, or 53 cents per diluted share, versus $24.6 million, or 48 cents, in last year's third quarter.
The adhesives manufacturer said net revenue for the quarter was $514.6 million, up 2.8 percent versus the third quarter of 2012. Higher volume, higher average selling prices and positive foreign currency translation positively impacted net revenue growth. Organic revenue grew by 1.5 percent year-over-year.
"Our third quarter results showed strong progress toward our 2015 strategic goals," said Jim Owens, H.B. Fuller president and chief executive officer. "We got our revenue growth moving in the right direction and managed our margins and discretionary spending to deliver our commitments for operating profit growth."
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.
