earnings
confidence high
sentiment positive
materiality 0.70
H.B. Fuller Q1 adjusted EPS up 22% to $0.67; revenue slightly up to $810M
FULLER H B CO
2024-Q1 EPS reported
$0.55
revenue$810,419,000
- Adjusted EPS $0.67 (diluted), up 22% YoY; adjusted EBITDA $123M, up 12% YoY.
- Net revenue $810M (+0.2% YoY); adjusted gross margin 30.1% (+320 bps YoY).
- Cash from operations $47M, up $42M YoY; net debt-to-EBITDA improved to 2.8x.
- FY2024 guidance reaffirmed: adjusted EBITDA $610-640M, adjusted EPS $4.15-4.45.
- Organic revenue declined 4.2% YoY due to pricing and volume, offset by acquisitions.