H.B. Fuller Company (NYSE:FUL) is looking for M&A. Celeste Mastin, President and Chief Executive Officer said during the Second Quarter 2024 Earnings Conference Call, "Our M&A pipeline is robust, and we continue to evaluate a number of potential transactions. We have proven the ability to acquire multiple companies while simultaneously reducing our leverage ratio. Given this capability, we have reinitiated our share repurchase program allowing us to both invest for growth and return additional capital to shareholders".

"So when you look at our capital forecast, it remains at $140 million for the year. And let's just talk for a few minutes about the M&A pipeline. So our M&A pipeline is very robust.

We continue to identify and work closely with owners of businesses in those select spaces where we can acquire at reasonable prices, businesses that are much higher EBITDA margin than our own, which you saw ND Industries is a great example of that, and that are in faster-growing spaces. So I think safe for you to consider for modeling purposes, expenditures of up to $350 million in M&A this year. And we will -- your question on repurchase.

So we'll continue to repurchase shares to offset equity-based compensation programs. You've seen us initiate that in Q2. We'll continue that throughout the year".