earnings
confidence high
sentiment positive
materiality 0.75
H.B. Fuller FY2022 revenue $3.75B (+14%), adj EPS $4.00 (+15%); guides FY23 adj EPS $4.15-$4.55
FULLER H B CO
2022-FY EPS reported
$3.26
revenue$3,749,183,000
- FY2022 net revenue $3.75B, up 14% YoY; organic revenue up 17% with pricing up 16% and volume up 1%.
- FY2022 adj EPS $4.00 (up 15% YoY); GAAP EPS $3.26. Adj EBITDA $530M, up 14%.
- Q4 revenue $958M (+7% YoY); adj EPS $1.04, down slightly due to FX and higher interest expense.
- Net debt-to-EBITDA improved to 3.2x from 3.6x sequentially; FY2022 operating cash flow $257M, up 20%.
- FY2023 guidance: adj EBITDA $580-$610M, adj EPS $4.15-$4.55; revenue flat to -3% (organic +2-4% excluding extra week).