Adhesives manufacturer H.B. Fuller Company (NYSE: FUL), St. Paul, MN, reported sales for the fiscal year ended Nov. 29, 2014, of $2.1 billion, up 2.8 percent over fiscal year 2013. Profit fell 48 percent to $49.9 million. Organic sales grew by 3.1 percent year-over-year.
"Our growth agenda is on track for 2015 as we continue to capture market share in Construction Products and Asia, deliver positive organic growth in EIMEA and leverage the fundamental strengths in the Americas end-markets," said Jim Owens, president and CEO, who added that the "anticipated acquisition of Tonsan Adhesives" will spark growth for the company.
Sales for the fourth quarter were $547.7 million, up 2.7 percent versus the fourth quarter of 2013. Profit fell 50.7 percent to $10.8 million.
