ST PAUL, Minn. (AP) _ H. B. Fuller Co. (FUL) on Wednesday reported fiscal fourth-quarter earnings of $32.2 million.
The St Paul, Minnesota-based company said it had net income of 61 cents per share. Earnings, adjusted for non-recurring costs and restructuring costs, came to 88 cents per share.
The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 92 cents per share.
The adhesives company posted revenue of $739.1 million in the period, which also did not meet Street forecasts. Five analysts surveyed by Zacks expected $746 million.
For the year, the company reported profit of $130.8 million, or $2.52 per share. Revenue was reported as $2.9 billion.
H. B. Fuller expects full-year earnings in the range of $3.15 to $3.35 per share.
H. B. Fuller shares have declined nearly 5% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $49.21, a rise of almost 7% in the last 12 months.