H.B. Fuller Q2 Profit Jumps Despite Sales Dip

Sales at the company's Americas Adhesives business declined 5 percent from last year.

Id 17686 Hb Fuller

St. Paul, MN-based industrial adhesives provider H.B. Fuller recently reported its 2016 second quarter fiscal performance, led by a substantial profit increase despite a dip in sales.

The company posted Q2 sales of $532.5 million, down 1.5 percent year-over-year, while profit jumped 32.4 percent to $33.4 million.

"During the quarter we continued to improve margins through effective management of pricing and raw material costs as well as driving efficiencies in our supply chain and operations," the company said in its earnings press release Wednesday.

H.B. Fuller's Q2 gross profit margin increased 220 basis points versus the prior year.

Sales at the company's Americas Adhesives business decreased 5.2 percent from a year earlier, while operating income was essentially flat.

This past April, H.B. Fuller acquired Australia-based Advanced Adhesives and then on June 6 it announced the acquisition of Batavia, IL-based Cyberbond.

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