H.B. Fuller (FUL) Misses Q3 EPS by 10c, Lowers Guidance

H.B. Fuller (NYSE: FUL) reported Q3 EPS of $1.13, $0.10 worse than the analyst estimate of $1.23. Revenue for the quarter came in at $918 million versus the consensus estimate of $944.04 million.

GUIDANCE:

H.B. Fuller sees FY2024 EPS of $4.10-$4.20, versus the consensus of $4.37.

• As a result of our year-to-date performance and current macroeconomic conditions, we are updating our previously communicated financial guidance for fiscal 2024 as follows:
• Net revenue growth is now expected to be up approximately 2% with organic revenue flat year-on-year;
• Adjusted EBITDA is now expected to be in the range of $610 million to $620 million, equating to year-on-year growth of between 5% and 7%;
• Adjusted EPS (diluted) is now expected be in the range of $4.10 to $4.20, equating to year-on-year growth of between 6% and 9%;
• Operating cash flow is now expected to be between $325 million and $350 million.

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

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