H.B. Fuller Co. recently reported financial results for the fourth quarter and fiscal year that ended December 2, 2017, and initiated guidance for fiscal 2018. Net loss for the fourth quarter of 2017 was $7.6 million, vs. net income of $39.1 million in last year’s fourth quarter. Net revenue for the fourth quarter of 2017 was $678.2 million, up 18% compared to the fourth quarter of 2016.
“We had continued strong revenue performance and excellent cash flow performance in the fourth quarter as organic growth was again very strong,” said Jim Owens, president and CEO. “The pricing actions we implemented early in the year had a positive impact on our margins, however, as a result of Hurricane Harvey and continued environmental controls in China, raw materials continued to increase during the fourth quarter.”
Top 5 News that Sticks for January 28-February 3
1. H.B. Fuller Fourth Quarter 2017 Revenue Spikes 18%
2. BASF and Sirrus to Develop New Automotive Coatings (#2 last week)