The American adhesives manufacturing company has had a great start to 2018 with both revenue and adjusted EBITDA up 40%. Excluding the acquisition of Royal Adhesives last year the revenues were still up 11% (7% on constant currency basis).
The company said in its recent Q1 earnings report that it expected volume increases and margin enhancements to keep the company on track to deliver EBITDA of $600 million in 2020.
With a market cap of just $2.6 billion the company looks cheap to me.
This post is not a recommendation to buy or sell any security or derivative. Stocks are not suitable for all investors. Please do your own research.
https://hbfuller.gcs-web.com/static-files/55cfd513-a0e2-4e45-9984-b5694d796dbb
Submitted April 29, 2018 at 10:08AM by InterestingNews1 https://ift.tt/2re8wA7
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