Posted March 31, 2010
H.B. Fuller reports sales gain
H.B. Fuller Company reported that net revenue for the first quarter of 2010 was $309.4 million, up 11.1 percent versus the first quarter of 2009.
Net income was $19.0 million, or 38 cents per diluted share, versus $6.1 million, or 13 cents per diluted share, in last year's first quarter. In North America, organic sales expanded 5.7 percent year-over-year with adhesives up nearly 7 percent and specialty construction up 1.5 percent.
"We are very pleased with our strong first quarter results. The investments we have made to enhance our focus on the customer are not only producing results, but also building momentum within the organization" said Michele Volpi, H.B. Fuller president and chief executive officer.
H.B. Fuller Company is a manufacturer and marketer of adhesives, sealants, paints and other specialty chemical products.
