Engineering Adhesives Boost H.B. Fuller’s First Quarter 2016 Revenue
H.B. Fuller Co. recently reported financial results for the first quarter that ended February 27. Net income for the first quarter of 2016 was $18.9 million, vs. net income of $9.7 million in last year’s first quarter. Net revenue for the first quarter of 2016 was $474.3 million, up 0.8% compared to the first quarter of 2015.
Adjusted diluted earnings per share in the first quarter of 2016 were $0.431, up 43% vs. the prior year’s adjusted result of $0.301. Constant currency revenue increased 5.3% compared to the prior year, led by solid growth in a new operating segment called Engineering Adhesives along with growth in EIMEA, Construction Products and Asia-Pacific.