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ST. PAUL, Minn. - H.B. Fuller Company (NYSE:FUL) reported better-than-expected second quarter earnings per share and raised its full-year guidance, sending shares up 4% in after-hours trading.
The adhesives manufacturer posted adjusted earnings per share of $1.18 for the quarter ended May 31, exceeding analyst estimates of $1.08. Revenue came in at $898 million, slightly below the consensus forecast of $900.07 million but up 2.8% YoY when adjusting for divestitures.
H.B. Fuller raised its full-year 2025 adjusted EPS guidance to a range of $4.10-$4.30, above the previous analyst consensus of $4.08. The company now expects adjusted EBITDA of $615-$630 million, representing 4-6% YoY growth.
"Our strong financial performance is a testament to our team’s disciplined execution in a highly dynamic environment, and we are performing better than the underlying markets," said CEO Celeste Mastin. She noted the company’s EBITDA margin expansion highlights successful pricing actions, cost savings efforts, and portfolio shifts toward higher-growth, higher-margin markets.
For the second quarter, adjusted EBITDA rose 5% YoY to $166 million, with adjusted EBITDA margin expanding 130 basis points to 18.4%. Organic revenue growth was 0.4% YoY.
The company now expects full-year 2025 net revenue to decline 2-3%, with organic revenue flat to up 2%. Foreign exchange is expected to negatively impact revenue by 1.0-1.5%.
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