H.B. Fuller (FUL) Misses Q1 EPS by 1c, Offers Guidance

H.B. Fuller (NYSE: FUL) reported Q1 EPS of $0.67, $0.01 worse than the analyst estimate of $0.68. Revenue for the quarter came in at $810.4 million versus the consensus estimate of $822.4 million.

GUIDANCE:

H.B. Fuller sees FY2024 EPS of $4.15-$4.45, versus the consensus of $4.31.

• As a result of our good start to the year, which was largely consistent with our expectations, we are reiterating our previously communicated financial guidance for fiscal 2024:
• Net revenue growth is expected to be in the range of up 2% to 6% with organic revenue flat to up 3% year-on-year;
• Adjusted EBITDA is expected to be in the range of $610 million to $640 million, equating to growth of approximately 5% to 10% year-on-year;
• Adjusted EPS (diluted) is expected to be in the range of $4.15 to $4.45, equating to year-on-year growth of between 7% and 15%;
• Operating cash flow is expected to be between $300 million and $350 million.

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

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