H.B. Fuller Revenue Up 5.2 Per Cent

H.B. Fuller Company had net revenue of $778 million for the fourth quarter of 2020, an increase of 5.2 per cent compared with the fourth quarter of 2019. The increase included double-digit growth in woodworking, panels, flexible packaging, and tape and labels. Gross profit margin was 27.5 per cent and adjusted gross profit margin was also 27.5 per cent, down 10 basis points versus last year. Net income for the quarter was $41 million and adjusted net income was $56 million, up more than 20 per cent compared with $46 million in the prior year. Adjusted earnings before taxes were $123 million, up nine per cent compared with $112 million in the same period a year ago. Adjusted earnings margin was 15.8 per cent, an improvement of 60 basis points versus the prior year.