* Q2 Adj EPS $0.56 vs est $0.55
* Sees FY EPS $2.10-$2.15 vs est $2.17
* Sees FY rev $1.93 bln-$1.98 bln vs est $1.92 bln
June 26 Specialty chemicals maker H.B. Fuller
Co's quarterly profit beat market estimates and the
company raised its full-year profit forecast citing cost savings
from a recently acquired adhesives business.
The company said it now expects to earn between $2.10 and
$2.15 per share for 2012, compared with its prior forecast of
$1.94 to $2.14 per share. It also forecast revenue between $1.93
billion and $1.98 billion.
Analysts on average had been expecting the company to earn
$2.17 per share on revenue of $1.92 billion for the full year,
according to Thomson Reuters I/B/E/S.
The company bought Swiss firm Forbo Holding AG
industrial adhesives business for $395 million in December last
year to expand its presence in Europe.
H.B. Fuller reported a profit of $1.9 million, or 4 cents
per share, for the second quarter, compared with $25.1 million,
or 50 cents per share, a year earlier.
On an adjusted basis, it earned 56 cents per share, just
ahead of analyst expectations of 55 cents per share.
The company, which makes adhesives used in industries like
construction and packaging, reported 43.1 percent higher revenue
at $527 million in the second quarter, in line with analysts'
The Saint Paul, Minnesota-based company's shares, which have
gained about 25 percent this year, closed at $28.73 on the New
York Stock Exchange on Monday.