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|H.B. Fuller Reports Third Quarter 2016 Results|
Third Quarter Diluted EPS
Items of Note for the Third Quarter of 2016:
Third Quarter 2016 Results:
Net revenue for the third quarter of 2016 was
During the quarter we maintained margins through effective management of pricing and raw material costs. Gross profit margin increased 50 basis points versus the prior year. Selling, General and Administrative (SG&A) expense was down by approximately 0.6 percent versus last year, primarily due to well controlled discretionary expenses, the favorable impact of exchange and lower variable compensation, offset by selective investments for growth.
”We continued to deliver improving financial results in-line with our long term goals,” said
Net revenue for the first nine months of 2016 was
Balance Sheet and Cash Flow:
Fiscal 2016 Outlook:
Shareholder Rights Plan Expiration:
Safe Harbor for Forward-Looking Statements:
1 Adjusted diluted earnings per share (EPS) is a non-GAAP financial measure and excludes the following non-recurring costs listed on the adjusted earnings per share reconciliation table above: special charges related to the “business integration”; restructuring in EIMEA related to operational efficiency improvement projects; and the start-up of a new electronics facility in Yantai China. We have not included a reconciliation of adjusted EPS to EPS as part of our guidance because the adjustments, if any, are not known at this time.