H.B. Fuller (FUL) Tops Q2 EPS by 9c, Offers Guidance

H.B. Fuller (NYSE: FUL) reported Q2 EPS of $1.12, $0.09 better than the analyst estimate of $1.03. Revenue for the quarter came in at $917 million versus the consensus estimate of $913.62 million.

GUIDANCE:

H.B. Fuller sees FY2024 EPS of $4.20-$4.45, versus the consensus of $4.31.

• Net revenue growth is now expected to be in the range of up 2% to 4% with organic revenue flat to up 2% year-on-year;
• Adjusted EBITDA is now expected to be in the range of $620 million to $640 million, equating to growth of approximately 7% to 10% year-on-year, and for third quarter adjusted EBITDA to be in the range of $165 million to $175 million;
• Net interest expense is now expected to be approximately $130 million;
• Adjusted EPS (diluted) is now expected to be in the range of $4.20 to $4.45, equating to year-on-year growth of between 9% and 15%;
• Operating cash flow is still expected to be between $300 million and $350 million.

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

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