H.B. Fuller Fourth Quarter 2015 Net Income Jumps
H.B. Fuller Co. recently reported financial results for the fourth quarter that ended November 28, 2015.
Net income for the fourth quarter of 2015 was $25 million, vs. net income of $10.7 million in last year’s fourth quarter.
Net revenue for the fourth quarter of 2015 was $548.1 million, up 0.1% compared to the fourth quarter of 2014. Higher volume and higher average selling prices reportedly had a positive impact on net revenue growth, rising by 4.8 and 0.2 percentage points, respectively.
“We made solid progress on our path of continuous improvement in financial and operational results,” said Jim Owens, president and CEO. “We met our revenue and profit expectations in the final quarter of the year, delivering EBITDA dollars at an all-time high. EBITDA margin was at 14.4% and all four of our segments exceeded 10%.
“For 2016, our focus will be to build positive growth in our core Americas and EIMEA operating segments, while continuing to deliver the margin improvements we have committed to as part of our strategic plan. We are optimistic that the positive momentum created in 2015 will continue into 2016.”
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