H.B. Fuller’s Second Quarter Net Revenue Jumps 43%
H.B. Fuller Co. recently reported financial results for the second quarter that ended June 2. Net income for the second quarter of 2012 was $1.9 million, vs. net income of $25.1 million in last year’s second quarter.
Excluding the Latin America Paints business, net revenue for the second quarter of 2012 was $527 million, up 43.1% compared to the second quarter of 2011. Higher average selling prices and acquisitions positively impacted net revenue growth by 6.8 and 39.4 percentage points, respectively. Foreign currency translation and lower volume reduced net revenue growth by 2.4 and 0.7 percentage points, respectively. Organic revenue grew by 6.1% year-over-year.