earnings
confidence high
sentiment neutral
materiality 0.85
H.B. Fuller Reports Q4 and Fiscal Year 2024 Results: Net Income $130M, Adjusted EBITDA $594M
FULLER H B CO
2024-FY EPS reported
$2.30
revenue$3,568,736,000
- Fiscal year 2024 net revenue $3.57B, up 1.6% YoY; organic revenue down 1.0% due to 2.7% unfavorable pricing offset by 1.7% higher volume.
- Adjusted EBITDA margin expanded to 16.6%; reported EPS $2.30, adjusted EPS $3.84, flat YoY due to higher amortization.
- Q4 net revenue $923M, up 2.3%; net loss of $7M including $38M non-cash charge from Flooring divestiture.
- Finalizing plan to reduce manufacturing footprint from 82 to 55 facilities by 2030, targeting $75M annualized savings.
- Fiscal 2025 outlook: adjusted EBITDA $600M-$625M (1-5% growth); adjusted EPS $3.90-$4.20 (2-9% growth).