H.B. Fuller Co. recently reported financial results for the fourth quarter and fiscal year ended Dec. 1, 2018. Net revenue for the fourth quarter was $768 million, an increase of 13% compared with the fourth quarter of 2017.
Net income for the fourth quarter of 2018 was $41 million, compared with a net loss of $7 million in the same period last year. Adjusted net income of $47 million increased 27%, compared with $37 million last year.
“Our strategy to gain share in Engineering Adhesives, manage margins through effective pricing and leverage acquisition synergies continues to drive success at H.B. Fuller,” said Jim Owens, president and CEO. “We achieved solid organic revenue growth in the quarter driven by pricing gains and double-digit growth in Engineering Adhesives.”
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1. H.B. Fuller Fourth Quarter 2018 Revenue Grows 13%