H.B. Fuller Sales Down 1% in Fiscal 2015 - Modern Distribution Management

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H.B. Fuller Sales Down 1% in Fiscal 2015

Profit climbs 74.2 percent for the year compared to 2014.

Adhesives manufacturer H.B. Fuller Co. (NYSE: FUL), St. Paul, MN, reported sales for the fiscal year ended Nov. 28, 2015, of $2.1 billion, down 1 percent over fiscal year 2014. Profit jumped 74.2 percent to $86.7 million.

"Overall it was a year of building momentum with Europe strengthening each quarter, Tonsan integrating well and growing as planned and the Americas beginning to rebound from revenue declines caused by last year’s SAP issues," said President and CEO Jim Owens. "For 2016 our focus will be to build positive growth in our core Americas and EIMEA operating segments, while continuing to deliver the margin improvements we have committed to as part of our strategic plan."

Sales for the fourth quarter were $548.1 million, up 0.1 percent versus the fourth quarter of 2014. Profit increased 134 percent to $25 million.

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