H.B. Fuller Company reported financial results for the first quarter that ended March 1, 2014.
H.B. Fuller Company reported financial results for the first quarter that ended March 1, 2014.Items of Note for the First Quarter of 2014:-Organic #
Items of Note for the First Quarter of 2014:
-Organic revenue increased by 2 percent compared to the prior year;
-Organic revenue increased 17 percent in Construction Products and 11 percent in Asia Pacific compared to prior year;
-Adjusted segment operating income1 increased 5 percent versus prior year;
-Selling, General and Administrative (SG&A) expenses were tightly controlled, about 1 percent, or 40 basis points as a percentage of net revenue, lower than the prior year's first quarter;
-Adjusted diluted EPS of $0.491 was unchanged versus last year;
-On track to substantially complete business integration by the end of the third quarter 2014;
-Project ONE remains on time and on budget.
H.B. Fuller Company reported financial results for the first quarter that ended March 1, 2014.Items of Note for the First Quarter of 2014:-Organic #
First Quarter 2014 Results:
Net income for the first quarter of 2014 was $14.6 million, or $0.28 per diluted share, versus net income of $20.7 million, or $0.41 per diluted share, in last year's first quarter. Adjusted diluted earnings per share in the first quarter of 2014 were $0.491, unchanged versus the prior year's adjusted result of $0.491.
H.B. Fuller Company reported financial results for the first quarter that ended March 1, 2014.Items of Note for the First Quarter of 2014:-Organic #
Net revenue for the first quarter of 2014 was $486.0 million, up 1.3 percent versus the first quarter of 2013. Higher volume positively impacted net revenue growth by 2.0 percentage points, while foreign currency translation negatively impacted net revenue growth by 0.7 percentage points. Organic revenue grew by 2.0 percent year-over-year.
H.B. Fuller Company reported financial results for the first quarter that ended March 1, 2014.Items of Note for the First Quarter of 2014:-Organic #
Adjusted gross profit margin1 was essentially unchanged versus the prior year's result. Selling, General and Administrative (SG&A) expense was down by 1 percent, or 40 basis points as a percentage of net revenue, versus the prior year's first quarter.
H.B. Fuller Company reported financial results for the first quarter that ended March 1, 2014.Items of Note for the First Quarter of 2014:-Organic #
H.B. Fuller Company reported financial results for the first quarter that ended March 1, 2014.Items of Note for the First Quarter of 2014:-Organic #
H.B. Fuller
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