H.B. Fuller Co. recently reported financial results for the first quarter that began on Dec. 2, 2018 and ended on March 2. Net revenue for the first quarter of 2019 was $673 million, a decrease of 5.6% compared with the first quarter of 2018.
Net income for the first quarter of 2019 was $12 million, compared with $48 million in the same period last year. The decline was reportedly due primarily to a $35 million one-time, non-cash tax benefit in the first quarter of 2018 related to U.S. Tax Reform.