H.B. Fuller (FUL) Misses Q4 EPS by 20c, Misses on Revenue
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H.B. Fuller Reports Fourth Quarter and Fiscal Year 2022 Results
January 18, 2023 4:05 PM ESTST. PAUL, Minn.--(BUSINESS WIRE)-- H.B. Fuller Company (NYSE: FUL) today reported financial results for its fourth quarter and fiscal year that ended December 3, 2022.
Fiscal Year 2022 Noteworthy Items:
Net revenue of $3.75 billion, up 14% versus fiscal year 2021; organic revenue up 17% year-on-year, driven by responsibly strong pricing execution; Net income of $180 million or $3.26 per share (diluted); adjusted EPS of $4.00 per share (diluted), up 15% year-on-year; unfavorable foreign currency exchange reduced adjusted EPS by approximately $0.56, or 16% versus the prior year; Adjusted EBITDA of $530 million, up 14% year-on-year on... More