H.B. Fuller (FUL) Tops Q4 EPS by 5c; offers FY24 Outlook

H.B. Fuller (NYSE: FUL) reported Q4 EPS of $1.32, $0.05 better than the analyst estimate of $1.27. Revenue for the quarter came in at $903 million versus the consensus estimate of $930.59 million.

GUIDANCE:

Net revenue growth for fiscal 2024 is expected to be in the range of up 2% to 6% with organic revenue flat to up 3% versus fiscal 2023, reflecting a rebound in demand following the unprecedented customer destocking activity in fiscal 2023, offset by slightly lower pricing as customers qualify lower price formulations and index-based pricing has a greater effect;

H.B. Fuller sees FY2024 EPS of $4.15-$4.45, versus the consensus of $3.81.

For earnings history and earnings-related data on H.B. Fuller (FUL) click here.

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