Loading...
•
Mar 02, 2024
H.B. Fuller Q1 2024 Earnings Report
Reported a slight increase in net revenue and a significant rise in adjusted EPS, driven by margin expansion and strong operating income growth.
Key Takeaways
H.B. Fuller reported a slight increase in net revenue, driven by acquisitions, offset by a modest decrease in organic revenue due to pricing changes. Adjusted EPS increased by 22% due to strong operating income growth, and adjusted EBITDA margin expanded by 160 basis points.
Net revenue was $810 million, up slightly year-on-year.
Adjusted EPS (diluted) was $0.67, up 22% year-on-year.
Adjusted EBITDA was $123 million, up 12% year-on-year, with adjusted EBITDA margin expanding to 15.2%.
Cash flow from operations increased $42 million year-on-year to $47 million.
Revenue by Segment
Forward Guidance
The company reiterates its previously communicated financial guidance for fiscal year 2024.
Positive Outlook
- Net revenue growth is expected to be in the range of up 2% to 6% with organic revenue flat to up 3% year-on-year.
- Adjusted EBITDA is expected to be in the range of $610 million to $640 million, equating to growth of approximately 5% to 10% year-on-year.
- Adjusted EPS (diluted) is expected to be in the range of $4.15 to $4.45, equating to year-on-year growth of between 7% and 15%.
- Operating cash flow is expected to be between $300 million and $350 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...