HB Fuller Co. (FUL) Wednesday reported a rise in profit for the first quarter, helped mainly by higher revenues.
Net income attributable to H.B. Fuller increased to $20.68 million or $0.41 per share from $15.31 million or $0.30 per share in the same period last year.
Income from continuing operations totaled $20.77 million or $0.41 per share, compared to $13.61 million or $0.27 per share last year.
Adjusted earnings from continuing operations was $0.49 per share. On average, seven analysts polled by Thomson Reuters expected the company to earn $0.50 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues improved 39 percent to $479.84 million from $345.45 million last year. Analysts expected revenues of $472.92 million.
Looking ahead to the fiscal year 2013, the company has forecast earnings in the range of $2.55 to $2.65 per share. Analysts expect full-year earnings of $2.63 per share.
For comments and feedback: editorial@rttnews.com