Fuller H B Company (FUL) has reported 22.39 percent fall in profit for the quarter ended Jun. 03, 2017. The company has earned $25.87 million, or $0.50 a share in the quarter, compared with $33.33 million, or $0.65 a share for the same period last year. On the other hand, adjusted net income for the quarter stood at $31.80 million, or $0.62 a share compared with $34.17 million or $0.67 a share, a year ago.

Revenue during the quarter grew 5.47 percent to $561.65 million from $532.51 million in the previous year period. Gross margin for the quarter contracted 372 basis points over the previous year period to 26 percent. Total expenses were 92.32 percent of quarterly revenues, up from 90.12 percent for the same period last year. That has resulted in a contraction of 220 basis points in operating margin to 7.68 percent.

Operating income for the quarter was $43.16 million, compared with $52.64 million in the previous year period.

"A spike in raw material costs and the timing of our price increases impacted earnings in the second quarter however price increases have been implemented and the underlying performance of our business is in line with expectations for 2017," said Jim Owens, H.B. Fuller president and chief executive officer.