H.B. Fuller Co. recently reported financial results for its fiscal fourth quarter and full year ended November 29, 2014. Net income for the fourth quarter of 2014 was $10.8 million, compared to net income of $21.9 million in last year’s fourth quarter. Net revenue for the fourth quarter of 2014 was $547.7 million, up 2.7% vs. the fourth quarter of 2013. Higher volume and higher average selling prices reportedly had a positive impact on net revenue growth by 4.7 and 0.1 percentage points, respectively.
Net income for the 2014 fiscal year was $49.9 million, compared to income from continuing operations of $96 million in the 2013 fiscal year. Adjusted total diluted earnings per share in the 2014 fiscal year were $2.331, down 10% from the prior year’s result of $2.581.