Home / Knowledge / News / Textiles / Net revenue grows marginally at HB Fuller
Net revenue grows marginally at HB Fuller
09
May '16
Courtesy: HB Fuller
Courtesy: HB Fuller
Specialty chemicals provider, HB Fuller reported a slight increase in its net revenue – by 0.8 per cent – to $474.3 million in the first quarter of 2016, ended February 27, as compared to $470.6 million in the corresponding quarter of 2015.

The net revenue was positively impacted by a high volume (5.8 percentage points), but was negatively affected by lower average selling prices and foreign currency translation (0.5 and 4.5 percentage points respectively).

Net income reported by the company in Q1 of 2016 was $18.9 million as compared to $9.7 million in the first quarter of 2015. Diluted earnings per share in the quarter stood at $0.37 as compared to $0.19 in the previous quarter.

Commenting on the results, Jim Owens, president and CEO of HB Fuller said, “Our 2020 strategic plan identified specific areas of profitable growth and differential management of our EBITDA margins as key drivers. This quarter's performance aligned with our strategy as we delivered solid organic growth and very strong margin improvement in our targeted segments.”

“Our efforts resulted in over a 40 per cent increase in adjusted diluted EPS versus last year's first quarter and a first quarter EBITDA margin well above historical levels. We are off to a solid start to our 2016 fiscal year,” he added.

Constant currency growth is expected to be around 4 per cent for 2016 versus the 2015 fiscal year. (MCJ)

Fibre2Fashion News Desk - India


Must ReadView All

Textiles | On 23rd Jun 2017

Textile ministry organises training workshop on GST

The ministry of textiles had organised training workshop on GST which ...

Apparel/Garments | On 23rd Jun 2017

Uware Brands into licensing agreement with Polaroid

Uware Brands has entered into a licensing agreement with Polaroid for ...

Textiles | On 23rd Jun 2017

Ralph Lauren ex-president Tiger of Sweden's new CEO

Hans-Christian Meyer, former president of Ralph Lauren Corporation,...

Interviews View All

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
June 2017

June 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search