H.B. Fuller (FUL) Reports In-Line Q3 EPS

H.B. Fuller (NYSE: FUL) reported Q3 EPS of $0.79, in-line with the analyst estimate of $0.79. Revenue for the quarter came in at $827 million versus the consensus estimate of $797.48 million.

Planning Assumptions:

• Based on current assumptions, we have increased our estimated full-year revenue guidance. Full-year revenue growth is now anticipated to be 17% to 18% compared with fiscal 2020, resulting in anticipated fourth quarter revenue growth of 15% to 17% versus the fourth quarter of 2020.
• For the fiscal year 2021, adjusted EBITDA is anticipated to be approximately $460 million to $470 million, an increase of 13% to 16% versus 2020, which is supported by on-going recovery in global industrial production, pricing actions balancing higher input costs, and benefits from the company’s operational improvement projects.

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

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