H.B. Fuller’s Financial Results Lead the News

Readers last week were most interested in reading about H.B. Fuller’s first quarter financial results (H.B. Fuller Sees Net Revenue Jump in Fiscal 2021 First Quarter): “H.B. Fuller Co. recently reported financial results for the first quarter ended February 27, 2021. Net revenue of $726 million increased 12.3% compared with the first quarter of 2020. Foreign currency exchange rates favorably impacted revenue by 1.8%. Organic revenue, which excludes impacts from foreign currency translation, increased 10.5% compared to the 2020 fiscal quarter. Strong sales growth in Engineering Adhesives and Hygiene, Health and Consumable Adhesives offset effects of slower commercial construction and extreme weather on Construction Adhesives revenues.

“‘Leveraging the momentum we created throughout 2020, the H.B. Fuller team delivered exceptional financial performance of 30% growth in EBITDA in the first quarter of fiscal 2021,’ said Jim Owens, president and CEO. ‘It is clear that our diversified business model, coupled with a global focus on operational agility and market-driven innovation, are competitive advantages for H.B. Fuller in the adhesives industry, especially in a changing world.’”

Do you have news to share with the industry? Please send your press releases to me at suttons@bnpmedia.com.

Top 5 News that Sticks for April 4-10

1. H.B. Fuller Sees Net Revenue Jump in Fiscal 2021 First Quarter #4 last week
2. Fedrigoni Announces Rebranding from Arconvert Ritrama to Fedrigoni Self-Adhesives
3. Avery Dennison Partners with The Future Laboratory on Global Action Plan for a Zero-Waste Future
4. iMakr to Supply 3D Printing Solutions from Henkel
5. Boldrini Named Chief Sustainability Officer for Kraton

This weekly roundup highlights the adhesives, sealants, and coatings-related news stories that garnered the most attention during the previous week on our website, as well as our eNewsletters and social media platforms.