H.B. Fuller Reports Fourth Quarter and Fiscal Year 2019 Results

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H.B. Fuller (FUL) Misses Q4 EPS by 4c, Revenues Miss; Offers FY20 EPS Guidance Below Consensus

January 22, 2020 4:07 PM EST

H.B. Fuller (NYSE: FUL) reported Q4 EPS of $0.88, $0.04 worse than the analyst estimate of $0.92. Revenue for the quarter came in at $739 million versus the consensus estimate of $744.08 million.

Items of Note for Fourth Quarter 2019

Higher full year 2019 operating cash flow of $269 million enabled debt pay down of $268 million, exceeding the company's initial 2019 paydown target of $200 million by 34%, and also exceeding its updated outlook of $260 million, as provided during its Sept. 25, 2019 analyst call;Integration of Royal Adhesives on target with $15 million of incremental cost synergies realized in fiscal 2019;Organic... More