H.B. Fuller Organic Revenue Exceeds Expectations in 2020 Third Quarter
H.B. Fuller’s organic revenue dipped 2.5% in the 2020 third quarter.
H.B. Fuller Co. recently reported financial results for its third quarter ended August 29, 2020. Net revenue of $691 million decreased 4.7% compared with the third quarter of 2019. Organic revenue was down 2.5% vs. the same period last year, excluding impacts from foreign currency exchange rates and the sale of the surfactants, thickeners and dispersants business that, combined, negatively impacted revenues by 2.2%.
Hygiene, Health and Consumable Adhesives’ organic revenue increased 1% compared to the 2019 third quarter, reflecting continued demand for adhesives for essential goods and packaging. Construction Adhesives and Engineering Adhesives organic revenues were lower than last year but increased vs. the 2020 second quarter. Engineering Adhesives’ significantly improved revenue performance included double-digit year-over-year growth in Electronics, Recreational Vehicles, and Technical Textiles.