HB Fuller Q1 Profit Declines; Backs FY14 Outlook - Quick Facts

(RTTNews) - HB Fuller Co. (FUL) Wednesday reported first-quarter net income attributable to H.B. Fuller of $14.6 million, or $0.28 per share, compared to $20.7 million, or $0.41 per share in the comparable quarter last year.

Adjusted earnings for the latest first quarter were $0.49 per share, same as last year. On average, seven analysts polled by Thomson Reuters expected the company to earn $0.50 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues rose 1.3% to $485.98 million from $479.84 million last year, while five analysts expected revenues of $491.58 million for the quarter.

For the fiscal year 2014, the company still expects adjusted earnings guidance in the range of $3.00 to $3.15 per share and revenue growth at the low end of its long-term growth targets of 5 to 8 percent. Analysts expect full-year earnings of $3.08 per share.