H.B. Fuller Co. Net Revenue Leaps 41% in Second Quarter 2018
Net revenue for the second quarter of 2018 was $789.4 million, an increase of 40.5%.
H.B. Fuller Co. recently reported financial results for the second quarter of 2018 , which ended June 2. Net revenue for the quarter was $789.4 million, an increase of 40.5% vs. the second quarter of 2017. Proforma organic revenue growth, including Royal, increased approximately 3.5% year-over-year, driven by pricing, which made up about 3%, and volume/mix, which comprised about 0.5%.
Net income for the second quarter of 2018 was $44.5 million, compared to net income of $25.9 million in the second quarter of 2017.
“We had a very strong second quarter, driven by solid revenue growth and robust pricing momentum, which helped us deliver $123 million of EBITDA,” said Jim Owens, president and CEO. “We remain committed to strengthening the performance of both the core legacy H.B. Fuller businesses and our recently acquired businesses.”
For more information, visit www.hbfuller.com.