H.B. Fuller 3Q Earnings Up


H.B. Fuller 3Q Earnings Up

St. Paul, MN, Sept 26, 2007–H.B. Fuller Co reported third quarter earnings rose due to cost controls and improved sales of higher-profit margin products.

 

Net income increased to $28.4 million, or $.46 a share, from a year-ago profit of $24.2 million, or $.40 a share.

 

Quarterly revenue declined 1.1% to $367.9 million, the company said in a statement.

 

Analysts expected earnings of $.45 a share, on revenue of $373.95 million.

 

The company expects fourth-quarter earnings of $.50 to $.53 a share, Wall Street is looking for earnings of $.52.

 

H.B. Fuller also raised its full year 2007 forecast to $1.75 to $1.78 a share. The company earlier said it expected earnings at the high end of a $1.65 to $1.75 a share range.

 

Analysts have forecast earnings of $1.75 a share.

 

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