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H.B. Fuller lowers 2024 outlook, projecting lower revenue and earnings due to weak demand.
H.B.
Fuller, an adhesive manufacturer, has lowered its fiscal 2024 outlook due to weaker demand and delayed orders, projecting $3.57 billion in revenue and $3.84 in adjusted earnings per share.
The company's stock fell by 6.14% to $63.34.
Analysts had previously expected higher earnings per share, and H.B.
Fuller attributes the decline to delayed price increases and rising raw material costs.
The financial results will be released on January 15, with an investor call the next day.
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H. B. Fuller reduce las perspectivas de 2024, proyectando menores ingresos y ganancias debido a la débil demanda.