H.B. Fuller Co. (NYSE: FUL), St. Paul, MN, reported sales for the third quarter ended August 31 of $514.6 million, an increase of 2.8 percent compared to the same period a year ago. Organic sales grew 1.5 percent. Profit decreased 66.1 percent to $28.3 million.
"We successfully completed major milestones in our European business integration project, keeping us on track to fully deliver the planned financial and strategic benefits from this investment,” said Jim Owens, president and CEO.
For the first nine months, sales were $1.5 billion, an increase of 10.2 percent compared to the same period a year ago. Organic sales grew 0.9 percent. Profit decreased 25.5 percent to $74.9 million.