Top 5 News that Sticks
Last Week, News About H.B. Fuller’s Revenue Garnered the Most Reader Interest
News about H.B. Fuller’s third-quarter revenue received the most reader interest.
H.B. Fuller Co. recently reported financial results for the third quarter that ended August 27, 2016. Net revenue for the third quarter of 2016 was $512.9 million, down 2.2% vs. the third quarter of 2015. Higher volume/mix positively impacted net revenue growth by 0.9 percentage points. Lower average selling prices and negative foreign currency translation negatively impacted net revenue growth by 2.1 and 1 percentage points, respectively.
Net income for the third quarter of 2016 was $32.7 million, a 5% increase vs. net income of $26.8 million in last year’s third quarter. Gross profit margin was 28.5%, an improvement of 50 basis points vs. the prior year’s third quarter, reportedly reflecting effective management of pricing and raw material costs. Cash flow from operating activities of $63 million, driven by solid net income performance; on track to deliver over $200 million in cash flow from operations for the 2016 fiscal year.
Top 5 News that Sticks for October 2-8
1. H.B. Fuller Third-Quarter 2016 Revenue Drops 2%
2. Industrial Adhesives Market to Reach $53 Billion by 2021
3. Kraton Performance Polymers Becomes Kraton Corp.
