H.B. Fuller Co. recently reported financial results for the fourth quarter that ended December 1, 2012. Net income from continuing operations for the fourth quarter of 2012 was $25 million, compared to net income from continuing operations of $22.2 million in last year’s fourth quarter.
Net revenue for the fourth quarter of 2012 was $513.3 million, up 27.8% vs. the fourth quarter of 2011. Year-over-year growth was approximately 35% when adjusting for the extra week in the prior year. When excluding the incremental revenue from the acquired Forbo business, net revenue was reportedly flat, representing 3% organic growth offset by three percentage points of unfavorable foreign currency translation. The organic growth was comprised of a 1% increase in price and 2% growth in volume.