H.B. Fuller Co. recently announced financial results for the first quarter that ended March 3. Net revenue grew 42% in the first quarter of 2018 vs. the first quarter of 2017, reportedly driven by the addition of the Royal business. Net income for the first quarter of 2018 was $47.7 million, compared to net income of $14.8 million in last year’s first quarter.
Net revenue for the first quarter of 2018 was $713.1 million, up 41.7% vs. the first quarter of 2017. Higher volume, customer price, mix, foreign currency translation and acquisitions were all reportedly positive contributors to net revenue growth.
“Our year started with strong momentum and we followed through on our commitment to deliver solid EBITDA (earnings before interest, taxes, depreciation and amortization) during the first quarter while integrating Royal into our business segments,” said Jim Owens, H.B. Fuller president and CEO.
Top 5 News that Sticks for April 8-14
1. H.B. Fuller Income Jumps 42% in First Quarter 2018 (#4 last week)
2. Adhesives Market Value to Reach $53 Billion by 2022 (#3 last week)