Key Developments: HB Fuller Co (FUL)
40.49USD
17 May 2013
$0.64 (+1.61%)
$39.85
$40.18
$40.51
$39.86
231,724
234,390
$42.38
$28.11
Latest Key Developments (Source: Significant Developments)
HB Fuller Co Introduces Water-Based Laminating Adhesives
HB Fuller Co announced that it introduced a family of water-based dry bond hybrid laminating adhesives for flexible packaging in the food and industrial markets. This new Flextra water-based line-up, PD2243, PD2167 and PD2207, is designed for high clarity, clean machining and cell release. Together, the water-based adhesives offer converters three options to help maximize performance while balancing cost. Full Article
HB Fuller Co Increases Quarterly Dividend
HB Fuller Co announced that its Board of Directors voted to increase the Company's regular quarterly dividend from $0.085 per share of common stock to $0.10 per share of common stock. This represents an 18% increase over the prior quarterly dividend. Full Article
HB Fuller Co Reaffirms FY 2013 Earnings Guidance
HB Fuller Co announced that for fiscal 2013, the Company's earnings guidance remains a range of $2.55 to $2.65 per diluted share and EBITDA in the range of $260-$265 million. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $2.62 and EBITDA of $257 million for fiscal 2013. Full Article
HB Fuller Co Announces Quarterly Dividend
HB Fuller Co announced that Board of Directors declared a regular quarterly cash dividend of $0.085 per share of common stock. The dividend is payable on February 21, 2013 to shareholders of record at the close of business on February 7, 2013. Full Article
HB Fuller Co Issues FY 2013 Earnings Guidance; EBITDA Guidance Above Analysts' Estimates; Comments On FY 2013 Revenue Guidance
HB Fuller Co announced that for fiscal 2013, it expects adjusted earnings in the range of $2.55 to $2.65 per diluted share (EPS) and EBITDA in the range of $$260-$265 millions. Adjusted earnings per share exclude all special charges related to the business integration project which is ongoing. The Company also announced that reported revenue growth for fiscal 2013 is expected to be more than 10% while organic revenue growth is expected to be in the low single digits, the difference reflecting the benefit of a full year of the Forbo business which was acquired at the beginning of the second quarter of 2012. The Company reported net revenue of $1.886 billion in fiscal 2012. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $2.60, EBITDA of $252 million and revenue of $2.018 billion for fiscal 2013. Full Article
HB Fuller Co Reaffirms FY 2012 Earnings Guidance; Lowers FY 2012 Revenue Guidance
HB Fuller Co announced that for fiscal 2012, it expects adjusted continuing operations earnings to be in a range of $2.10 to $2.15 per diluted share, revises revenue down to a range of $1.875-$1.900 billion and EBITDA to be $210 million. Full Article
HB Fuller Co Announces Quarterly Dividend
HB Fuller Co announced that its Board of Directors declared a regular quarterly cash dividend of $0.085 per share of common stock. The dividend is payable on October 25, 2012 to shareholders of record at the close of business on October 11, 2012. Full Article
HB Fuller Co Acquires Engent, Inc
HB Fuller Co announced that it has finalized the purchase of Engent, Inc., a provider of manufacturing, research and development services to the electronics industry. Terms of the transaction were not disclosed. Full Article
H.B. Fuller Company Completes Sale of Paints Business
H.B. Fuller Company announced that it has completed the sale of its Central America Paints business to Compania Global de Pinturas S.A., (Pintuco), a company of Grupo Mundial, for $120 million. Following fulfillment of all conditions associated with the divestiture, the deal closed on August 6, 2012. Full Article
H.B. Fuller Company Announces Quarterly Dividend
H.B. Fuller Company announced that its Board of Directors declared a regular quarterly cash dividend of $0.085 per share of common stock. The dividend is payable on July 26, 2012 to shareholders of record at the close of business on July 12, 2012. Full Article
TEXT - S&P revises H.B. Fuller outlook to stable
-- We are revising our outlook on St. Paul, Minn.-based chemical company H.B Fuller Co. to stable from negative.
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