H. B. Fuller revenue climbs 37 percent
Driven in large part by the acquisition of Royal, Fuller Company reported that third-quarter net revenue of $770 million increased 37 percent compared with the third quarter of 2017.
Organic revenue increased approximately 5 percent.
Net income of $38 million or 72 cents per diluted share, increased compared with $25 million, or 49 cents, in the third quarter of 2017.
“Our strong third quarter results demonstrated the earnings power of our business as we grew organic revenue by nearly 5 percent and increased profitability in an environment of rising raw materials and currency headwinds,” said Jim Owens, president and chief executive officer. “We continue to grow organically by winning new opportunities in targeted markets and by managing pricing to offset raw materials inflation.
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.
