H. B. Fuller: Fiscal Q2 Earnings Snapshot
ST PAUL, Minn. (AP) — ST PAUL, Minn. (AP) — H. B. Fuller Co. (FUL) on Wednesday reported earnings of $41.8 million in its fiscal second quarter.
On a per-share basis, the St Paul, Minnesota-based company said it had profit of 76 cents. Earnings, adjusted for non-recurring costs, came to $1.18 per share.
The adhesives company posted revenue of $898.1 million in the period, which topped Street forecasts. Three analysts surveyed by Zacks expected $898 million.
H. B. Fuller expects full-year earnings in the range of $4.10 to $4.30 per share.
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Hamilton Spectator
31 minutes ago
- Hamilton Spectator
Interest in ‘elbows up' merchandise waning ahead of Canada Day, businesses say
When Rachael Coe decided to launch an 'elbows up' merchandise line at her store in Yarmouth, N.S., in March, she said it was an immediate bestseller. Within a week, Coe said her Timeless Memories shop had already made 400 sales. By the end of the first month, she had sold 2,500 products ranging from T-shirts to hoodies to car decals. Demand for items bearing Canada's rallying cry against U.S. President Donald Trump's tariffs and annexation threats was so high that Coe launched a website to keep up with the surge. 'It was a response from all over Canada,' she said. 'We reached every single province then we started covering worldwide. Our 'elbows up' merch went everywhere.' Many Canadian businesses hopped on the patriotic trend that also saw Ontario Premier Doug Ford wearing a 'Canada is not for sale' ball cap ahead of a January meeting with Canada's premiers and prime minister. But Coe's sales started slowing down by May. And despite a slight boost ahead of Canada Day, she said the 'elbows up' line is now selling at similar rates to the classic red-and-white merchandise she sells every year around this time. Although business owners say they are selling more Canada-themed products this year leading up to July 1, many have also noted a decline in 'elbows up' merchandise sales. The rallying cry, initially embraced as a grassroots movement at the height of cross-border trade tensions and Trump's musings about making Canada the 51st state, has shifted to a more generic expression of Canadian pride amid continued tensions, retailers and experts say. Others note that the phrase 'elbows up' has increasingly been used in a partisan context, contributing to the marketing shift. Stephanie Tomlin, Toronto-based owner of the online business Shop Love Collective, said she saw an explosion in 'elbows up' merchandise sales in March, selling as many as 10 or 15 products per day. Similarly, her sales began to stagnate in May. Leading up to Canada Day, she said she's selling 'quite a bit more' merchandise compared with previous years, but that's due to interest in Canada-themed products across the board. 'I think the climate in Canada is a little bit more settled after the election and that … we feel like we will never be the 51st state,' Tomlin said, adding that Canadian patriotism is becoming less combative as annexation talks have died down. Howard Ramos, a professor of sociology at Western University, said 'elbows up' became 'more partisan than it used to be' when Prime Minister Mark Carney embraced the phrase in his election campaign ads in late March. 'It's just added to how the expression is dying down as a pan-Canadian claim,' he said. 'Now you see on social media, especially from Conservative handles, the use of 'elbows up' in a sarcastic way to criticize Mark Carney or Liberal policies.' Negative online comments about the 'elbows up' movement have discouraged Coe from promoting her products on Facebook. But when she's interacting with customers in her Yarmouth shop, she said the phrase isn't as divisive. 'It's not a political term, and it simply means that you're defending your country, and everyone should be defending our country, just like you would defend (against) a goal in hockey,' Coe said. Danielle McDonagh, owner of Vernon, B.C.-based Rowantree Clothing, said she stopped promoting her 'elbows up' merchandise on a large scale when she noticed the phrase being interpreted as an 'anti-Conservative' and 'boomer' movement. For McDonagh, increased concern about the political climate in the United States has also chipped away at the lightheartedness of the 'elbows up' movement. 'I think some of the levity is gone for me,' she said. While sales of her 'elbows up' products have dropped by about 90 per cent since hitting 1,000 in the first month, she said she continues to promote the merchandise in small batches at local markets in Vernon. Business owners say their customers continue to prioritize supporting the Canadian economy, as they are routinely answering questions about where their products are manufactured. And the push to buy Canadian isn't just coming from this side of the border. Coe said many American tourists arriving by ferry from Maine visit her shop in search of Canadian merchandise. '(Tourists) want to support us just as much as Canadians want to support us,' Coe said. McDonagh said her business sees similar interest from Americans. 'I'm shipping a lot of Canada-centric merchandise to the States, which I just love,' McDonagh said. 'People chat with me on my site and say … we're supporting you.' This report by The Canadian Press was first published June 25, 2025.
Hamilton Spectator
an hour ago
- Hamilton Spectator
Pope Leo XIV marks feast day as Vatican launches campaign to help erase its $57-68 million deficit
ROME (AP) — Pope Leo XIV on Sunday celebrated a special feast day traditionally used by the Catholic Church to drum up donations from the faithful, with the Vatican under the first American pope rolling out a new campaign to urge ordinary Catholics to help bail out the deficit-ridden Holy See. Leo celebrated Mass in St. Peter's Basilica, marking the Feast of Saints Peter and Paul and repeated his message calling for unity and communion among all Christians. In churches around the world, Masses on the July 29 feast day often include a special collection for Peter's Pence , a fund which both underwrites the operations of the central government of the Catholic Church and pays for the pope's personal acts of charity. With a promotional video, poster, QR code and website soliciting donations via credit card, PayPal, bank transfer and post office transfer, the Vatican is betting this year that an American-style fundraising pitch under the Chicago-born Leo will help keep the Holy See bureaucracy afloat and erase its 50 million to 60 million euro ($57-68 million) structural deficit. The video features footage of Leo's emotional first moments as pope, when he stepped out onto the loggia of St. Peter's Basilica and later choked up as he received the fisherman's ring of the papacy. With an evocative soundtrack in the background, the video superimposes a message, available in several languages, urging donations to Leo via the Peter's Pence collection. 'With your donation to Peter's Pence, you support the steps of the Holy Father,' it says. 'Help him proclaim the Gospel to the world and extend a hand to our brothers and sisters in need. Support the steps of Pope Leo XIV. Donate to Peter's Pence.' The fund has been the source of scandal in recent years, amid revelations that the Vatican's secretariat of state mismanaged its holdings through bad investments, incompetent management and waste. The recent trial over the Vatican's bungled investment in a London property confirmed that the vast majority of Peter's Pence contributions had funded the Holy See's budgetary shortfalls, not papal charity initiatives as many parishioners had been led to believe. Between the revelations and the COVID-19 pandemic, which closed churches and canceled out the traditional pass-the-basket collection on June 29, Peter's Pence donations fell to 43.5 million euros in 2022 — a low not seen since 1986 — that was nevertheless offset the same year by other investment income and revenue to the fund. Donations rose to 48.4 million euros (about $56.7 million) in 2023 and hit 54.3 million euros (nearly $63.6 million) last year, according to the Peter's Pence annual report issued last week. But the fund incurred expenses of 75.4 million euros ($88.3 million) in 2024, continuing the trend in which the fund is exhausting itself as it covers the Holy See's budgetary shortfalls. On top of the budget deficit, the Vatican is also facing a 1 billion euro (about $1.17 billion) shortfall in its pension fund that Pope Francis, in the months before he died, warned was unable in the medium term to fulfill its obligations. Unlike countries, the Holy See doesn't issue bonds or impose income tax on its residents to run its operations, relying instead on donations, investments and revenue generated by the Vatican Museums, and sales of stamps, coins, publications and other initiatives. For years, the United States has been the greatest source of donations to Peter's Pence, with U.S. Catholics contributing around a quarter of the total each year. Vatican officials are hoping that under Leo's pontificate, with new financial controls in place and an American math major running the Holy See, donors will be reassured that their money won't be misspent or mismanaged. 'This is a concrete way to support the Holy Father in his mission of service to the universal Church,' the Vatican's economy ministry said in a press release last week announcing the annual collection and new promotional materials surrounding it. 'Peter's Pence is a gesture of communion and participation in the Pope's mission to proclaim the Gospel, promote peace, and spread Christian charity.' ___ Associated Press religion coverage receives support through the AP's collaboration with The Conversation US, with funding from Lilly Endowment Inc. The AP is solely responsible for this content. Error! Sorry, there was an error processing your request. There was a problem with the recaptcha. Please try again. You may unsubscribe at any time. By signing up, you agree to our terms of use and privacy policy . This site is protected by reCAPTCHA and the Google privacy policy and terms of service apply. Want more of the latest from us? Sign up for more at our newsletter page .
San Francisco Chronicle
an hour ago
- San Francisco Chronicle
Pope Leo XIV marks feast day as Vatican launches campaign to help erase its $57-68 million deficit
ROME (AP) — Pope Leo XIV on Sunday celebrated a special feast day traditionally used by the Catholic Church to drum up donations from the faithful, with the Vatican under the first American pope rolling out a new campaign to urge ordinary Catholics to help bail out the deficit-ridden Holy See. Leo celebrated Mass in St. Peter's Basilica, marking the Feast of Saints Peter and Paul and repeated his message calling for unity and communion among all Christians. In churches around the world, Masses on the July 29 feast day often include a special collection for Peter's Pence, a fund which both underwrites the operations of the central government of the Catholic Church and pays for the pope's personal acts of charity. With a promotional video, poster, QR code and website soliciting donations via credit card, PayPal, bank transfer and post office transfer, the Vatican is betting this year that an American-style fundraising pitch under the Chicago-born Leo will help keep the Holy See bureaucracy afloat and erase its 50 million to 60 million euro ($57-68 million) structural deficit. The video features footage of Leo's emotional first moments as pope, when he stepped out onto the loggia of St. Peter's Basilica and later choked up as he received the fisherman's ring of the papacy. With an evocative soundtrack in the background, the video superimposes a message, available in several languages, urging donations to Leo via the Peter's Pence collection. 'With your donation to Peter's Pence, you support the steps of the Holy Father,' it says. 'Help him proclaim the Gospel to the world and extend a hand to our brothers and sisters in need. Support the steps of Pope Leo XIV. Donate to Peter's Pence.' The fund has been the source of scandal in recent years, amid revelations that the Vatican's secretariat of state mismanaged its holdings through bad investments, incompetent management and waste. The recent trial over the Vatican's bungled investment in a London property confirmed that the vast majority of Peter's Pence contributions had funded the Holy See's budgetary shortfalls, not papal charity initiatives as many parishioners had been led to believe. Between the revelations and the COVID-19 pandemic, which closed churches and canceled out the traditional pass-the-basket collection on June 29, Peter's Pence donations fell to 43.5 million euros in 2022 — a low not seen since 1986 — that was nevertheless offset the same year by other investment income and revenue to the fund. Donations rose to 48.4 million euros (about $56.7 million) in 2023 and hit 54.3 million euros (nearly $63.6 million) last year, according to the Peter's Pence annual report issued last week. But the fund incurred expenses of 75.4 million euros ($88.3 million) in 2024, continuing the trend in which the fund is exhausting itself as it covers the Holy See's budgetary shortfalls. On top of the budget deficit, the Vatican is also facing a 1 billion euro (about $1.17 billion) shortfall in its pension fund that Pope Francis, in the months before he died, warned was unable in the medium term to fulfill its obligations. Unlike countries, the Holy See doesn't issue bonds or impose income tax on its residents to run its operations, relying instead on donations, investments and revenue generated by the Vatican Museums, and sales of stamps, coins, publications and other initiatives. For years, the United States has been the greatest source of donations to Peter's Pence, with U.S. Catholics contributing around a quarter of the total each year. Vatican officials are hoping that under Leo's pontificate, with new financial controls in place and an American math major running the Holy See, donors will be reassured that their money won't be misspent or mismanaged. 'This is a concrete way to support the Holy Father in his mission of service to the universal Church,' the Vatican's economy ministry said in a press release last week announcing the annual collection and new promotional materials surrounding it. 'Peter's Pence is a gesture of communion and participation in the Pope's mission to proclaim the Gospel, promote peace, and spread Christian charity.' ___
