FUL - H.B. Fuller: Adhesive Player Adds Its Next Business
2024-06-09 10:46:41 ET
Summary
- H.B. Fuller, a global specialty provider of adhesives, has shown modest growth and margin gains, but leverage ratios remains on the high side.
- The company shows modest growth and trades at reasonable valuations, creating a very fair picture.
- Despite a nice bolt-on deal, I fail to see imminent drivers amidst lackluster current organic growth, making me look elsewhere to deploy capital.
It has been a very long time since I last covered shares of H.B. Fuller ( FUL ) . In fact, my last take on the business goes back to 2017. This simple fact and some recent M&A action more than warrants an update....
H.B. Fuller: Adhesive Player Adds Its Next Business