Top 5 News that Sticks for January 17-23
1. H.B. Fuller Fourth Quarter 2015 Net Income Jumps
2. 3M to Sell Foam Adhesive Business
3. Toyochem Acquires Rights to Dow Chemical Adhesives (#2 last week)
4. Royal Adhesives & Sealants Acquires Adhesive Systems Inc.
5. Brookfield Engineering Offers Training Courses
H.B. Fuller Co. recently reported financial results for the fourth quarter that ended November 28, 2015. Net income for the fourth quarter of 2015 was $25 million, vs. net income of $10.7 million in last year’s fourth quarter.
“We made solid progress on our path of continuous improvement in financial and operational results,” said Jim Owens, president and CEO. “We met our revenue and profit expectations in the final quarter of the year, delivering EBITDA dollars at an all-time high. EBITDA margin was at 14.4% and all four of our segments exceeded 10%.