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Earnings Analysis: 
Fuller Profit Falls, Worthington Net Surges
Author: 123jump.com Staff
123jump.com
Last Update: 7:43 PM ET September 24 2008



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H.B. Fuller Company, the specialty chemical maker said third quarter revenues rose 3% to $362 million and net income fell 31% to $21.7 million or 44 cents a share. Worthington Industries, Inc, a metals processor first quarter revenues rose 20% to $913.2 million and net income rose 239% to $68.6 million or 86 cents a share.

 
[R]10:00AM New York - H.B. Fuller Company revenue rose 3% and net income fell 31%. Worthington Industries, Inc revenue rose 20% and net income tripled.[/R]

H.B. Fuller Company the specialty chemical maker said third quarter revenues rose 3% to $362 million from $352.3 million a year ago. Net income in the quarter fell 31% to $21.7 million or 44 cents per diluted share compared to net income of $28.4 million or 46 cents per share, a year ago.

H.B. Fuller Company (FUL: chart) in the last one year traded as high as $30.98 in October 2007 and as low as $18.00 in January 2008.

Worthington Industries, Inc, Metals processor said first quarter revenues rose 20% to $913.2 million from $759.0 million a year ago. Net income in the quarter rose 239% to $68.6 million or 86 cents per diluted share compared to net income of $20.2 million or 24 cents per share, a year ago.

Worthington Industries, Inc (WOR: chart) in the last one year traded as high as $26.46 in October 2007 and as low as $13.51 in January 2008. Based on the yesterday’s closing price the company has a market cap of $1.31 billion.
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