earnings
confidence high
sentiment negative
materiality 0.75
H.B. Fuller preliminary FY2024 adj. EBITDA ~$594M, below prior $610-620M guidance
FULLER H B CO
2024-FY EPS reported
$2.30
revenue$3,568,736,000
- Net revenue expected ~$3.57B, adjusted diluted EPS ~$3.84, adjusted EBITDA ~$594M.
- Prior guidance (Sept 25, 2024) called for adjusted EBITDA of $610-620M.
- Weaker conditions and delayed orders impacted Q4, especially in CPG, packaging, durable goods.
- Higher raw material costs in HHC Adhesives also negatively affected adjusted EBITDA.
- Cash flow from operations expected ~$300M; full audit still pending.