earnings
confidence high
sentiment positive
materiality 0.80
H.B. Fuller Q1 adj EPS $0.80 (+21% YoY); raises FY22 adj EPS guidance to $4.10-4.35
FULLER H B CO
2022-Q1 EPS reported
$0.69
revenue$856,482,000
- Net revenue $857M (+18% YoY); organic revenue up 21% (6.1% volume, 14.7% pricing).
- Adjusted EPS $0.80 (+21% YoY); net income $38M ($0.69 GAAP EPS).
- FY22 guidance raised: adj EPS $4.10-4.35 (from $4.00-4.25), adj EBITDA $530-550M (from $515-535M).
- Closed Apollo and Fourny acquisitions in Europe construction adhesives; expect ~$60M revenue contribution.
- Pricing actions: $130M executed in Q1, planning additional $175M in Q2 to offset raw material cost increases.