Forbo Acquisition Helps H.B. Fuller First Quarter Revenue Jump 38.9%
H.B. Fuller Co. recently reported financial results for the first quarter that ended March 2, 2013. Net income from continuing operations for the first quarter of 2013 was $20.8 million, compared to net income from continuing operations of $13.6 million in last year’s first quarter.
Net revenue for the first quarter of 2013 was $479.8 million, up 38.9% vs. the first quarter of 2012. When excluding the incremental revenue from the acquired Forbo business, net revenue growth was 3.6%, representing 3.2% organic growth and 0.4 percentage points of favorable foreign currency translation. The organic growth comprised a 1.1% increase in price and 2.1% growth in volume.