Stock Track | H.B. Fuller Shares Plummet After Q3 Miss and Gloomy Outlook

Stock Track09-26

Shares of H.B. Fuller Company (NYSE: FUL) plunged nearly 10% in pre-market trading on Thursday after the adhesives manufacturer reported worse-than-expected third-quarter results and lowered its full-year guidance, citing slowing demand in certain markets.

For the third quarter, H.B. Fuller's net revenue of $917.93 million fell short of analysts' consensus estimate of $944.3 million. While organic revenue saw modest growth, pricing adjustments caused a 2.6% decline, offsetting a 3.0% increase in volume.

Adjusted earnings per share (EPS) of $1.13 also missed the consensus forecast of $1.23. However, the company's adjusted gross profit margin expanded by 40 basis points year-over-year to 30.4%, driven by volume leverage, restructuring savings, and benefits from acquisitions.

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Fuller Shares Plummet After Q3 Miss and Gloomy Outlook\n</h2>\n\n<h4 class=\"meta\">\n\n2024-09-26 21:22 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of H.B. Fuller Company (NYSE: FUL) plunged nearly 10% in pre-market trading on Thursday after the adhesives manufacturer reported worse-than-expected third-quarter results and lowered its full-...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FUL","symbol_name":"富乐","start_time":0,"source_url":"","article_id":"1109873348","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1109873348","pubTimestamp":1727356941,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of H.B. 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