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Seaport Analysis Highlights Margin Progress at H.B. Fuller (FUL), Flags Development Uncertainty

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Last updated: January 25, 2026 10:40 am
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Seaport Analysis Highlights Margin Progress at H.B. Fuller (FUL), Flags Development Uncertainty
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H.B. Fuller Firm (NYSE:FUL) is included among the many 14 Finest Mid-Cap Dividend Shares to Purchase Now.

Seaport Research Highlights Margin Progress at H.B. Fuller (FUL), Flags Growth Uncertainty
Seaport Analysis Highlights Margin Progress at H.B. Fuller (FUL), Flags Development Uncertainty

On January 16, Seaport Analysis analyst Michael Harrison nudged up his worth goal on H.B. Fuller Firm (NYSE:FUL) to $84 from $80, whereas sticking with a Purchase ranking. He stated margins are nonetheless trending in the appropriate course, however he’s not fairly as assured about how a lot natural development the corporate can ship from right here.

H.B. Fuller’s This autumn FY2025 outcomes, launched on January 14, mirrored that combined image. Income slipped 3.1% from final 12 months to $895 million, and web earnings got here in at $30 million. The brighter a part of the report was profitability. Adjusted EBITDA jumped 14.6% to $170 million, and margins expanded meaningfully, with the adjusted EBITDA margin rising to 19.0%, up 290 foundation factors year-over-year.

The corporate additionally continued to maintain a lid on prices. SG&A spending was $184 million within the quarter, whereas adjusted SG&A was barely decrease at $174 million, helped by ongoing cost-saving initiatives and decrease variable compensation.

For FY2026, H.B. Fuller expects income to carry regular or rise barely, projecting flat to 2% development in comparison with FY2025. Natural income is predicted to be roughly unchanged, whereas forex translation might add round 1%. Money technology can be anticipated to stay wholesome, with working money movement projected at $275 million–$300 million. Capital spending is predicted to run round $160 million, together with $50 million tied to Undertaking Quantum Leap.

H.B. Fuller Firm (NYSE:FUL) is a pure-play adhesives enterprise, centered on growing and promoting adhesives, sealants, and different specialty chemical merchandise throughout a variety of markets.

Whereas we acknowledge the potential of FUL as an funding, we consider sure AI shares provide higher upside potential and carry much less draw back danger. If you happen to’re in search of an especially undervalued AI inventory that additionally stands to learn considerably from Trump-era tariffs and the onshoring pattern, see our free report on the finest short-term AI inventory.

READ NEXT: 13 Finest Dividend Kings to Purchase in 2026 and 15 Finest Excessive Yield Shares To Purchase.

Disclosure: None.

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Reading: Seaport Analysis Highlights Margin Progress at H.B. Fuller (FUL), Flags Development Uncertainty
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