ST PAUL, Minn. (AP) _ H. B. Fuller Co. (FUL) on Monday reported fiscal fourth-quarter earnings of $40.6 million.
On a per-share basis, the St Paul, Minnesota-based company said it had net income of 77 cents. Earnings, adjusted for non-recurring costs and restructuring costs, came to $1.06 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 88 cents per share.
The adhesives company posted revenue of $777.6 million in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $734.8 million.
For the year, the company reported profit of $123.7 million, or $2.36 per share. Revenue was reported as $2.79 billion.
H. B. Fuller shares have dropped 2% since the beginning of the year. In the final minutes of trading on Monday, shares hit $50.75, a climb of 3.5% in the last 12 months.