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.
The company reiterates its previously communicated financial guidance for fiscal year 2024.
Visualization of income flow from segment revenue to net income
Analyze how earnings announcements historically affect stock price performance