HB Fuller fights inflation with price increases, China consolidation

China 2904 Earnings 668 European Union 776 Materials - Chemicals 203 Quote Watch 439 U.S. 5209

HB Fuller reported FQ3 results, announcing a 19.6% year over year increase in revenues that beat analyst expectations by 3.7%. Panjiva data associated with the firm’s FQ3, covering the three months to Aug 31, increased by 35.9% year over year. CEO James Owens noted that the firm was seeing “inflationary cost pressures in terms of materials, freight and labor” but that “price increases were going through more smoothly than they ever have.” This is an indicator of how inflation is penetrating the supply chain, working its way to new products. Aside from price increases, the company is mana...

Copyright © 2021 Panjiva Supply Chain Intelligence, a product offering from S&P Global Market Intelligence Inc. All rights reserved.