BUZZ-H.B. Fuller rises after upbeat quarterly results

Reuters
03-27
BUZZ-H.B. Fuller rises after upbeat quarterly results

** Shares of adhesive manufacturing and specialty chemical company H.B. Fuller FUL.N up 7.4% at $58.35 in aftermarket trade

** Co beats Q1 revenue and adjusted profit estimates, according to data compiled by LSEG

** Quarterly organic revenue increased 1.9% YOY, driven by improved volume, while net revenue fell 2.7% on impacts of foreign currency translation and divestiture of its flooring business

** Says raw material cost inflation has started to moderate

** As we look ahead, we remain cautious given weak overall market demand and unpredictable geopolitical conditions around the globe - CEO Celeste Mastin

** FUL has fallen 20% YTD, as of last close

(Reporting by Neil J Kanatt in Bengaluru)

((Neil.JKanatt@thomsonreuters.com;))

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