By Dean Seal
Shares of H.B. Fuller jumped after the company raised its full-year guidance on the back of a better fiscal second quarter than Wall Street had expected.
The stock was up 9.3% at $61.17 in early trading. Shares are still down 9.5% since the start of the year.
The adhesives maker said after the bell Wednesday that it now expects full-year adjusted earnings, which strip out one-time items, to reach $4.10 to $4.30 a share this year, up from a prior range of $3.90 to $4.20 a share.
Chief Executive Celeste Mastin said the company is focusing on strong pricing, cost-cutting and shifting its portfolio toward higher-margin markets while global economic activity remains subdued.
Adjusted earnings in the latest completed quarter were $1.18 a share, 10 cents higher than the estimates of analysts polled by FactSet.
The beat came despite revenue falling 2.1%, more than analysts had projected. Lower volumes put pressure on the top line and offset higher prices. Divestitures also dented revenue.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
June 26, 2025 10:19 ET (14:19 GMT)
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