H.B. Fuller's Pricing Strategy Offsets Volume Decline in 3Q
Dow Jones
Sep 24
H.B. Fuller's third-quarter results show pricing power compensating for softer demand. The adhesives maker posted a 7.4% pricing increase that more than offset a 3% volume decline, resulting in 4.4% organic revenue growth. Adjusted gross margin rose 120 basis points to 33.5%, driven primarily by pricing execution and restructuring savings. The company says all three global business units delivered adjusted Ebitda growth and margin improvement during the quarter. H.B. Fuller also said it continues to execute on restructuring initiatives that are enhancing operating leverage.
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