earnings
confidence high
sentiment positive
materiality 0.75
H.B. Fuller Q2 revenue $993M (+20% YoY); adj. EPS $1.11 (+18%); guides FY adj. EBITDA $530-550M
FULLER H B CO
2022-Q2 EPS reported
$1.55
revenue$1,849,739,000
- Record quarterly revenue of $993M; organic revenue up 22% YoY with 3.4% volume growth and 18.5% pricing.
- GAAP EPS of $0.86; adjusted EPS of $1.11, up 18% vs prior year.
- Adjusted EBITDA of $139M increased 14% YoY; all three GBUs posted mid-teens or higher organic growth.
- FY 2022 guidance: adj. EBITDA $530-550M (14-18% growth), adj. EPS $4.10-4.35 (18-25% growth).
- Pricing actions of ~$330M annualized in H1 2022; additional $175M+ planned in Q3 to offset inflation.