H.B. Fuller Company (NYSE:FUL) ranks among the best specialty chemicals stocks to invest in. On September 24, H.B. Fuller Company (NYSE:FUL) posted third-quarter adjusted results that marginally exceeded expectations, though it lowered its full-year guidance due to a challenging global economic environment.
The adhesives producer reported third-quarter adjusted EPS of $1.26, up $0.01 from analyst projections and 12% year-over-year. Revenue came down 2.8% from the same period the previous year at $892 million, which was less than the consensus projection of $896.55 million.
Despite the revenue shortfall, H.B. Fuller’s profitability measures improved, as evidenced by its $171 million adjusted EBITDA, which was up 3% year-over-year, and its adjusted EBITDA margin, which increased by 110 basis points to 19.1%. The company credited focused cost-cutting initiatives, raw material cost control, and advantageous pricing strategies for the margin improvement.
H.B. Fuller Company is a maker of specialized chemicals, primarily industrial adhesives. The company develops, manufactures, and markets adhesives, sealants, and other specialty chemicals for a wide range of sectors around the world.
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This article is originally published at Insider Monkey.
