Adhesives and sealants maker H.B. Fuller Co (FUL) on Wednesday reported second-quarter net earnings of $24.6 million or $0.48 per share compared with $20.5 million or $0.40 per share last year.
Excluding items, adjusted earnings for the quarter were $0.63 per share compared with $0.78 per share a year ago.
The company said the negative impacts of a stronger US dollar and a higher core tax rate hurt adjusted earnings.
Revenues for the quarter were $540.8 million compared with $544 million in the prior year.
Analysts polled by Thomson Reuters estimated earnings of $0.66 per share on revenues of $555.2 million for the quarter. Analysts' estimates typically exclude special items.
For the full year 2015, the company now expects adjusted earnings of $2.45 per share on revenues of $2.1 billion. Earlier it expected earnings of $2.60 per share on revenues of $2.15 billion.
Analysts expect earnings of $2.54 per share on revenues of $2.16 billion for the year.
The company said its revised earnings guidance for 2015 reflects an expected increase in core tax rate.
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