H.B. Fuller Second Quarter 2015 Income Grows
H.B. Fuller Co. recently announced financial results for the second quarter, which ended May 30. Income from continuing operations for the quarter was $26.5 million, vs. $20.6 million in last year’s second quarter.
Net revenue for the quarter was $540.8 million, down 0.6% compared to the second quarter of 2014. Higher volume and higher average selling prices reportedly had a positive impact on net revenue growth by 5.5 and 0.9 percentage points, respectively.
“Our organization has driven many positive developments in the first half of this year,” said Jim Owens, president and CEO. “The newly acquired Tonsan business is meeting all of our expectations to date, and is already helping to improve the overall profit profile of our Asia Pacific operating segment. Our Construction Products segment continues to benefit from new product introductions and meaningful share gains, which have driven a substantial improvement in profitability.
“Our goal for the second half of this year is to extend the successes of the first half and, at the same time, reenergize the growth track in our Americas operating segment and speed up the realization of margin benefits from the European business integration project.”
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