Topic: How To Invest

Q: Pat, can I have your recommendation on whether H.B. Fuller is a buy right now? Thank you.

Article Excerpt

A: H.B. Fuller Company, $78.84, symbol FUL on New York (Shares outstanding: 54.5 million; Market cap: $4.3 billion; www.hbfuller.com), is one of the world’s largest providers of adhesives, sealants, and other specialty chemical products. It sells those products in 35 countries, spread across North America, Europe, Latin America, Asia, the Middle East, and Africa. The company has 7,200 employees worldwide, including 2,600 in the U.S. It was founded in St. Paul, Minnesota, in 1887. On May 20, 2024, Fuller announced the acquisition of ND Industries Inc., a leading provider of specialty adhesives and fastener locking and sealing solutions serving customers in the automotive, electronics, aerospace, and other industries. The purchase price has not yet been disclosed. ND Industries generates about $70 million in annual revenue. The new business, which includes five U.S. locations and 300 employees, will operate within H.B. Fuller’s existing Engineering Adhesives global business unit. Fuller’s revenue was $2.90 billion in 2019. As the pandemic disrupted customer demand, revenue fell 3.7% in…