H.B. Fuller (FUL) Reports In-Line Q4 EPS; Updates on Project ONE and Business Integration

H.B. Fuller (NYSE: FUL) reported Q4 EPS of $0.64, in-line with the analyst estimate of $0.64. Revenue for the quarter came in at $547.7 million versus the consensus estimate of $550.4 million.

Project ONE and Business Integration:

Currently the SAP system in North America is stable and fully supporting our business. Our business in North America is running with productivity and customer service level metrics near pre-implementation levels. We have modified our phased implementation schedule for Project ONE, delaying all "go live" events until after the 2015 fiscal year. Our focus in 2015 will be optimizing the North America platform and re-planning the remainder of the project, taking into account the learnings from the initial phase of the project.

In Europe the business integration project is essentially complete. We have experienced considerable delays in the final stages of this project and the costs associated with finalizing facility closures and bringing new assets up to full capacity continue to hinder the profitability of the EIMEA segment. All facilities planned for closure have been idled. We have shifted to an operational mode of continuous improvement in Europe and steady productivity improvements are expected during 2015.

For earnings history and earnings-related data on H.B. Fuller (FUL) click here.

You May Also Be Interested In

• Bristol-Myers Squibb (BMY) stock slips despite earnings beat
• Tractor Supply (TSCO) Tops Q1 EPS by 12c ; Offers Guidance
• Integer Holdings Corp (ITGR) Tops Q1 EPS by 2c ; Offers Guidance