H.B. Fuller Reports Second Quarter Fiscal Year 2020 Results
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H.B. Fuller (FUL) Tops Q2 EPS by 13c, Revenues Beat
June 24, 2020 4:07 PM EDTH.B. Fuller (NYSE: FUL) reported Q2 EPS of $0.68, $0.13 better than the analyst estimate of $0.55. Revenue for the quarter came in at $674.6 million versus the consensus estimate of $664.27 million.
Items of Note for Second Quarter 2020
Strong operational performance with net income of $32 million and adjusted EBITDA of $101 million, which exceeded the company's guidance, driven by solid organic sales results, benefits from restructuring efficiencies, and lower raw material costs.Total organic revenues declined by 7% compared with last year, reflecting the company's broadly diversified customer base and end markets.7% organic growth in... More