Q1FY18 net income slips at adhesives maker H.B. Fuller
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Q1FY18 net income slips at adhesives maker H.B. Fuller
03
Apr '17
For the three months ended March 4, 2017, net income at global adhesives producer H.B. Fuller Company slipped to $14.8 million, or $0.29 per diluted share as against net income of $18.9 million, or $0.37 per diluted share in the prior fiscal's first quarter. Adjusted EBITDA for the reporting quarter was $58.9 million, or 11.7 per cent of net revenue.

In the first quarter of fiscal 2018, net revenue grew 6.1 per cent over a fiscal ago quarter to $503.3 million, primarily driven by higher volume and acquisitions. Net revenue in constant currency rose 9.6 per cent year over year, while organic revenue increased 6 per cent.

In the quarter under review, gross profit margin stood at 27.6 per cent and adjusted gross profit margin was 28.6 per cent, in line with expectations and a decrease of 80 basis points versus the earlier fiscal's same quarter. (AR)

Fibre2Fashion News Desk – India

 
 
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