H.B. Fuller Company, the St. Paul, Minn.-based firm that owns TEC Specialty adhesives, reported a fourth quarter 2016 profit of $39.1 million, a 56.4 percent increase compared with its profit of $25 million in the fourth quarter of 2015.
H.B. Fuller Company, the St. Paul, Minn.-based firm that owns TEC Specialty adhesives, reported a fourth quarter 2016 profit of $39.1 million, a 56.4 percent increase compared with its profit of $25 million in the fourth quarter of 2015.
Fourth quarter sales were $574.9 million, a 4.9 percent increase over third quarter sales of $548.1 million.
”We delivered on our strategic and financial commitments in the 2016 fiscal year and are positioned for further success in 2017,” said Jim Owens, H.B. Fuller president and CEO, in a statement.