H.B. Fuller Co. recently reported financial results for the third quarter that ended September 1. Net revenue of $770 million increased 37% compared with the third quarter of 2017, including the Royal business, which was acquired in October 2017.
Net income of $38 million increased compared with $25 million in the third quarter of 2017. Net revenue for the third quarter of 2018 was $770 million, an increase of 36.8% compared with the third quarter of 2017. Net income for the third quarter of 2018 was $37.7 million, compared with net income of $25 million in the third quarter of 2017.
“Our strong third quarter results demonstrated the earnings power of our business as we grew organic revenue by nearly 5% and increased profitability in an environment of rising raw materials and currency headwinds,” said Jim Owens, president and CEO. “We continue to grow organically by winning new opportunities in targeted markets and by managing pricing to offset raw materials inflation.”
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