H.B. Fuller Company Reports Earnings Results for the Third Quarter Ended August 28, 2021
September 22, 2021 at 04:05 pm EDT
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H.B. Fuller Company announced earnings results for the third quarter ended August 28, 2021. For the third quarter, the company announced sales was USD 826.830 million compared to USD 691.463 million a year ago. Net income was USD 31.616 million compared to USD 41.607 million a year ago. Basic earnings per share from continuing operations was USD 0.6 compared to USD 0.8 a year ago. Diluted earnings per share from continuing operations was USD 0.58 compared to USD 0.79 a year ago. For the nine months, sales was USD 2,380.607 million compared to USD 2,012.629 million a year ago. Net income was USD 110.509 million compared to USD 83.115 million a year ago. Basic earnings per share from continuing operations was USD 2.09 compared to USD 1.6 a year ago. Diluted earnings per share from continuing operations was USD 2.04 compared to USD 1.59 a year ago.
H.B. Fuller Company is a formulator, manufacturer and marketer of adhesives, sealants and other specialty chemical products. The Companyâs segments include Hygiene, Health and Consumable Adhesives, Engineering Adhesives and Construction Adhesives. The Hygiene, Health and Consumable Adhesives segment manufactures and supplies adhesive products in the assembly, packaging, converting, nonwoven and hygiene, health and beauty, flexible packaging, graphic arts and envelope markets. The Engineering Adhesives segment provides adhesives to the transportation, electronics, clean energy, aerospace and defense, performance wood, insulating glass, textile, appliance and heavy machinery markets. The 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.