H.B. Fuller Reports Third Quarter Fiscal Year 2020 Results
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H.B. Fuller (FUL) Tops Q3 EPS by 9c, Revenues Beat
September 23, 2020 4:07 PM EDTH.B. Fuller (NYSE: FUL) reported Q3 EPS of $0.79, $0.09 better than the analyst estimate of $0.70. Revenue for the quarter came in at $691.46 million versus the consensus estimate of $673.07 million.
Items of Note for Third Quarter 2020
Strong operational performance with net income of $42 million and adjusted EBITDA of $106 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 2.5% compared with last year, ahead of the company's expectations.Continued share gains led to organic revenue... More