H.B. Fuller (NYSE:FUL) released earnings for the second quarter of fiscal 2005 on June 21.

  • The current-year quarter includes a one-time pretax gain of $4.8 million due to an asset sale and $2.9 million in severance and other reorganization expenses.
  • The company raised full-year earnings guidance to between $1.75 and $1.85 per share.

Income Statement Highlights

(Figures in thousands, except per-share data.)

Avg. Est. Actual Prior Year Q % Change
Sales $ 395,000 $ 387,926 $ 363,063 +6.8%
Net Profit -- $ 16,215 $ 11,172 +45.1%
EPS $0.41 $0.56 $0.39 +43.6%


Balance Sheet Highlights

Assets Current Q Prior Year Q % Change
Cash+ ST Investments not provided not provided N/A
Inventory $ 165,193 $ 154,255 +7.1%
Accounts Rec. $ 243,094 $ 248,961 -2.4%
Liabilities
Long-Term Debt $ 137,261 $ 161,714 -15.1%
Accounts Payable $ 148,812 $ 131,779 +12.9%


Margin Checkup

Current Q Prior Year Q Change
Gross Margin 25.66% 27.58% -1.92%
Operating Margin 5.43% 6.17% -0.75%
Net Margin 4.18% 3.08% +1.10%


Related companies:

  • 3M (NYSE:MMM)
  • Imperial Chemicals (NYSE:ICI)
  • DuPont (NYSE:DD)
  • Dow Chemical (NYSE:DOW)

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At the time of publication, Seth Jayson had positions in no companies mentioned. Fool rules are here.