H.B. Fuller Revenue Grows Over 8% in 2013
H.B. Fuller Co. recently reported fourth quarter income from continuing operations of $22 million, vs. income from continuing operations of $25 in last year’s fourth quarter. Net revenue for the fourth quarter of 2013 was $533.5 million, up 4% compared to the fourth quarter of 2012.
For fiscal 2013, income from continuing operations was $96 million, compared to $68.3 million in fiscal 2012. Net revenue for the fiscal year was $2,047 million, an increase of 8.5% vs. the 2012 fiscal year.
“We are pleased with our 2013 financial results, which demonstrate solid operational improvement and another step toward our 2015 targets,” said Jim Owens, president and CEO. “In the midst of a major business integration and weaker than expected end-market conditions in some key markets, our team delivered solid results. We delivered record revenue and grew organically for the fourth year in a row with stronger organic growth at the end of the year. We significantly improved our EBITDA margin toward our strategic target of 15% and delivered another year of record earnings per share.”
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