H.B. Fuller's First-Quarter Financials Consistent with Company Expectations
H.B. Fuller Co. recently released financial results for the first quarter that ended March 2, 2024. The company reported that net revenue was up slightly year-on-year, while organic revenue decreased modestly due primarily to anticipated pricing changes.
H.B. Fuller’s net revenue for the first quarter of fiscal 2024 was $810 million, up 0.2% versus the first quarter of fiscal 2023. Organic revenue declined 4.2% year-on-year, with pricing adjustments reducing organic revenue by 3.3% and volume reducing organic revenue by 0.9%. Foreign currency translation reduced net revenue by 0.6% and acquisitions increased net revenue by 5.0%.