Plus   Neg

Stock Alert: H.B. Fuller To Report Results Today

H.B. Fuller Company (FUL) is scheduled to report first-quarter results today, March 25, after market close.

The company makes adhesives, sealants, coatings, polymers, tapes, encapsulants, and other specialty chemical products.

On average, 7 analysts polled by Thomson Reuters expect the company to report earnings of $0.34 and revenue of$652.85 million.

In the last three quarters, H.B. Fuller had missed the consensus estimate.

In December last year, H.B. Fuller had completed the realignment of its business from five to three segments including Engineering Adhesives, Hygiene, Health and Consumable Adhesives, and Construction Adhesives. The company expects to achieve $25 to $35 million by 2021 from this transition with approximately two thirds of the savings to be realized in 2020.

FUL stock started tumbling from mid-February with nearly 45% loss since then. It has traded in the range of $23.68- $52.40 in the past one year.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Apotex Corp. recalled all lots of type 2 diabetes medication Metformin hydrochloride in the form of oral film-coated tablets for the potential presence of nitrosamine impurity, N-Nitrosodimethylamine (NDMA), above levels of the Acceptable Daily Intake Limit (ADI), the U.S. Food and Drug Administration or FDA said in a statement. Groupe Renault plans to cut about 14,600 jobs across the world and lower its production capacity. The plan includes almost 4,600 jobs reduction in France, through voluntary retirement and retraining. Amazon said it will convert 125,000 of the 175,000 temporary workers it hired in March amid the coronavirus pandemic, to permanent full-time employees in June. The e-commerce giant had hired the temporary employees in March to meet strong consumer demand amid the lockdown. The job openings were in Amazon's fulfillment centers and its delivery network.
Follow RTT