H.B. Fuller Company Reports Earnings Results for the Second Quarter and Six Months Ended June 01, 2024
June 26, 2024 at 04:05 pm EDT
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H.B. Fuller Company reported earnings results for the second quarter and six months ended June 01, 2024. For the second quarter, the company reported sales was USD 917.11 million compared to USD 898.24 million a year ago. Net income was USD 51.26 million compared to USD 40.4 million a year ago. Basic earnings per share from continuing operations was USD 0.93 compared to USD 0.74 a year ago. Diluted earnings per share from continuing operations was USD 0.91 compared to USD 0.73 a year ago.
For the six months, sales was USD 1,727.53 million compared to USD 1,707.42 million a year ago. Net income was USD 82.26 million compared to USD 62.29 million a year ago. Basic earnings per share from continuing operations was USD 1.5 compared to USD 1.15 a year ago. Diluted earnings per share from continuing operations was USD 1.45 compared to USD 1.12 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.