earnings
confidence high
sentiment negative
materiality 0.75
H.B. Fuller Q3 adj EPS $1.13 (+7% YoY); rev $918M (+1.9%); FY adj EBITDA guide $610-620M
FULLER H B CO
2024-Q3 EPS reported
$2.43
revenue$2,645,452,000
- Reported EPS $0.98; adjusted EPS $1.13 (up 7% YoY); net income $55M.
- Net revenue $918M, up 1.9% YoY; organic volume growth 3.0% offset by pricing -2.6%.
- Adjusted EBITDA $165M (+6% YoY); margin 18.0% (+70 bps).
- Updated FY2024 adj EPS guidance $4.10-$4.20 (6-9% YoY growth); adj EBITDA $610-620M.
- Acquired HS Butyl Limited (UK butyl tape manufacturer) to expand waterproofing tape market.