H.B. Fuller Net Revenue Jumps 20% in 2022 Second Quarter
H.B. Fuller Co. recently reported financial results for its second quarter ended May 28, 2022. Net revenue of $993 million represented a 20% increase compared with the second quarter of 2021. Foreign currency exchange rates unfavorably impacted revenue by 3.9%, and acquisitions favorably impacted revenue by 2%.
Total company organic revenue increased 21.9% compared to the 2021 quarter, with 3.4% from volume growth and 18.5% from pricing. Hygiene, Health and Consumables Adhesives organic revenue increased 24.5% year over year, Engineering Adhesives organic revenue was up 21.8%, and Construction Adhesives organic revenue grew 14.3%.