H.B. Fuller shares decline after weaker-than-expected results

H.B. Fuller

16/01/2025 15:43

** H.B. Fuller Co  FUL.N  shares are down 3.3% in early trading
Thurs after the adhesive manufacturing and specialty chemical co
reported earnings results that disappointed
    ** H.B. Fuller reported late Wed adjusted qtrly earnings
that missed analysts' expectations, while rev was slightly above
expectations, based on LSEG data
    ** In the co's release, Celeste Mastin, H.B. Fuller
president and CEO, cited "delays in customer order patterns,
particularly in the consumer product goods related market
segments (that) shifted price increase realization into fiscal
2025, delaying the offset of higher raw material costs and
resulting in margin deterioration."
    ** The median PT on the stock is $74, based on LSEG data,
and the stock was last at $62.02
    ** Analyst recommendations on the stock include two "strong
buy" or "buy" ratings, three "hold" ratings and one "sell"
rating, per LSEG
    ** For the YTD, H.B. Fuller is down about 8%, while the S&P
600 materials index  .SPSMCM  is up 0.5% so far this year
  

 (Reporting by Caroline Valetkevitch)
 ((caroline.valetkevitch@thomsonreuters.com))