H.B. Fuller Company Reports Earnings Results for the Fourth Quarter and Full Year Ended December 02, 2023
January 17, 2024 at 04:05 pm EST
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H.B. Fuller Company reported earnings results for the fourth quarter and full year ended December 02, 2023. For the fourth quarter, the company reported sales was USD 902.88 million compared to USD 958.21 million a year ago. Net income was USD 44.99 million compared to USD 48.31 million a year ago. Basic earnings per share from continuing operations was USD 0.83 compared to USD 0.9 a year ago. Diluted earnings per share from continuing operations was USD 0.8 compared to USD 0.87 a year ago.
For the full year, sales was USD 3,510.93 million compared to USD 3,749.18 million a year ago. Net income was USD 144.91 million compared to USD 180.31 million a year ago. Basic earnings per share from continuing operations was USD 2.67 compared to USD 3.37 a year ago. Diluted earnings per share from continuing operations was USD 2.59 compared to USD 3.26 a year ago.
H.B. Fuller Company is a pureplay adhesives company. It operates as a formulator, manufacturer and marketer of adhesives, sealants and other specialty chemical products. Its Hygiene, Health and Consumable Adhesives segment manufactures and supplies adhesive products in the assembly, packaging, converting, nonwoven and hygiene, health and beauty, graphic arts and envelope markets. Its Engineering Adhesives segment provides adhesives to the transportation, electronics, clean energy, aerospace and defense, performance wood, insulating glass, textile, appliance and heavy machinery markets. its Construction Adhesives segment manufactures and provides specialty adhesives, sealants, tapes, mortars, grouts, and application devices for commercial building roofing systems, heavy infrastructure projects, road/highway/airport transportation applications, building envelope applications, and others. The Company's product range consists of epoxy, cyanoacrylate, UV curable, anaerobic, and Vibra-Tite.