Longbow Research Upgrades HB Fuller (FUL) to Neutral
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H.B. Fuller Reports Second Quarter 2015 Results
June 24, 2015 7:42 PM EDTST. PAUL, Minn., June 24, 2015 (GLOBE NEWSWIRE) -- H.B. Fuller Company (NYSE: FUL) today reported financial results for the second quarter that ended May 30, 2015.
Items of Note for the Second Quarter of 2015:
Strong operating cash flow and free cash flow; net debt reduced by $34 million in the quarter; Constant currency revenue increased 6.4 percent compared to the prior year, driven by strong growth in Construction Products and Asia Pacific operating segments; Adjusted gross profit margin2 increased 100 basis points year-over-year primarily driven by lower raw material cost; Adjusted... More