Fuller(FUL)
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Fuller(FUL) - 2024 Q2 - Quarterly Report
2024-06-27 16:43
Table of Contents (Mark One) OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Registrant's telephone number, including area code: (651) 236-5900 Large accelerated filer ☒ Accelerated filer ☐ Non-accelerated filer ☐ Smaller reporting company ☐ Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards pro ...
Fuller(FUL) - 2024 Q2 - Quarterly Results
2024-06-27 12:44
Exhibit 99.1 Worldwide Headquarters 1200 Willow Lake Boulevard St. Paul, Minnesota 55110-5101 NEWS June 26, 2024 Steven Brazones Investor Relations Contact 651-236-5060 H.B. Fuller Reports Second Quarter 2024 Results Reported EPS (diluted) of $0.91; Adjusted EPS (diluted) of $1.12, up 20% year-on-year Net income of $51 million; Adjusted EBITDA of $157 million, up 10% year-on-year Adjusted EBITDA margin of 17.1%, up 120 basis points year-on-year Updates full year adjusted EBITDA guidance to upper end of prev ...
H. B. Fuller (FUL) Reports Q2 Earnings: What Key Metrics Have to Say
ZACKS· 2024-06-26 22:31
H. B. Fuller (FUL) reported $917.11 million in revenue for the quarter ended May 2024, representing a yearover-year increase of 2.1%. EPS of $1.12 for the same period compares to $0.93 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $910.82 million, representing a surprise of +0.69%. The company delivered an EPS surprise of +6.67%, with the consensus EPS estimate being $1.05. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ...
H. B. Fuller (FUL) Surpasses Q2 Earnings and Revenue Estimates
ZACKS· 2024-06-26 22:15
This chemical company is expected to post quarterly earnings of $0.98 per share in its upcoming report, which represents a year-over-year change of +5.4%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. H. B. Fuller (FUL) came out with quarterly earnings of $1.12 per share, beating the Zacks Consensus Estimate of $1.05 per share. This compares to earnings of $0.93 per share a year ago. These figures are adjusted for nonrecurring items. Over the last four quarters, th ...
FUL vs. HWKN: Which Stock Is the Better Value Option?
ZACKS· 2024-06-26 16:45
Investors interested in stocks from the Chemical - Specialty sector have probably already heard of H. B. Fuller (FUL) and Hawkins (HWKN) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look. Value investors also tend to look at a number of traditional, tried-and-true figures to help them find stocks that they believe are undervalued at their current share price levels. Another notable valuation metric for FUL is its P/B ratio of 2.35. The P ...
Fuller(FUL) - 2024 Q1 - Earnings Call Transcript
2024-03-28 18:46
H.B. Fuller Company (NYSE:FUL) Q1 2024 Earnings Conference Call March 28, 2024 10:30 AM ET Company Participants Steven Brazones - Vice President, Investor Relations Celeste Mastin - President & Chief Executive Officer John Corkrean - Executive Vice President & Chief Financial Officer Conference Call Participants Ghansham Panjabi - Baird Kevin McCarthy - Vertical Research Jeff Zekauskas - JPMorgan Eric Zhang - Citi David Begleiter - Deutsche Bank Rosemarie Morbelli - Gabelli Funds Operator Good day. My name ...
Fuller(FUL) - 2024 Q1 - Quarterly Report
2024-03-28 17:33
(Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 2, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q Commission file number: 001-09225 Securities registered pursuant to section 12(b) of the Act: H.B. FULLER COMPANY (Exact name of registr ...
Fuller(FUL) - 2024 Q1 - Earnings Call Presentation
2024-03-28 17:15
Title Slide H.B. Fuller First Quarter 2024 Conference Call March 28, 2024 Safe Harbor Statement The information presented in this presentation regarding consolidated and segment organic revenue growth, operating income, adjusted gross profit, adjusted gross profit margin, adjusted selling, general and administrative expense, adjusted income before income taxes and income from equity investments, adjusted income taxes, adjusted effective tax rate, adjusted net income, adjusted diluted earnings per share, adj ...
Fuller(FUL) - 2024 Q1 - Quarterly Results
2024-03-28 13:28
Exhibit 99.1 Worldwide Headquarters 1200 Willow Lake Boulevard St. Paul, Minnesota 55110-5101 NEWS March 27, 2024 Steven Brazones Investor Relations Contact 651-236-5060 H.B. Fuller Reports First Quarter 2024 Results Reported EPS (diluted) of $0.55; Adjusted EPS (diluted) of $0.67, up 22% year-on-year Net income of $31 million; Adjusted EBITDA of $123 million up 12% and Adjusted EBITDA margin up 160 basis points year-on- Gross profit in the first quarter of fiscal 2024 was $239 million. Adjusted gross profi ...
Fuller(FUL) - 2023 Q4 - Annual Report
2024-01-23 16:00
Company Structure and Operations - The company operates in three reportable segments: Hygiene, Health and Consumable Adhesives, Engineering Adhesives, and Construction Adhesives[12]. - As of December 2, 2023, the company has sales offices and manufacturing plants in 25 countries outside the United States, with satellite sales offices in another 9 countries[13]. - The company has approximately 7,200 employees in 45 countries, with about 2,600 employees based in the U.S.[20]. Financial Investments and Expenditures - The company expects to invest approximately $21.4 million over the next two years to comply with environmental regulations, including about $0.9 million in capital expenditures[38]. - The purchase of raw materials is the largest expenditure for the company, with a hypothetical one percent change in raw material costs resulting in a change in net income of approximately $13.3 million or $0.24 per diluted share[201]. - The annual impact on interest expense of a one-percentage point interest rate change on the outstanding balance of variable rate debt would have resulted in a change in net income of approximately $5.3 million or $0.09 per diluted share[195]. Employee Compensation and Performance - The company emphasizes a "Pay for Performance" compensation strategy to align employee performance with business objectives[22]. - The company is committed to fair pay and conducts global pay equity assessments to ensure competitive compensation[23]. Research, Development, and Innovation - The company has a strong focus on research and development, aiming to create new adhesive technology platforms and improve product performance[35]. - The company monitors market trends related to sustainability and invests in innovation to meet changing consumer demands[37]. Customer Relationships and Market Exposure - The company has cultivated strong relationships with diverse customers, with no single customer accounting for more than 10% of consolidated net revenue[17]. - Approximately 56% of net revenue was generated outside of the United States in 2023, indicating significant international exposure[196]. Risk Management and Economic Conditions - Unfavorable economic conditions may negatively affect sales volumes, pricing levels, and profitability, particularly during recessionary periods[194]. - The company avoids sole source supplier arrangements for raw materials to mitigate supply chain risks[200]. - The company does not enter into speculative positions with regard to derivative instruments, focusing instead on minimizing risks from foreign currency exchange rate fluctuations[198]. - A hypothetical one percent change in cost of sales due to foreign currency rate changes would have resulted in a change in net income of approximately $9.4 million or $0.17 per diluted share[199]. - The company aims to balance non-functional currency denominated assets to liabilities to minimize foreign exchange impacts[197]. Governance and Oversight - The Board of Directors elects the executive officers annually, ensuring governance and oversight of company operations[46]. Environmental and Safety Commitment - The company has a strong environmental, health, and safety program, focusing on workplace safety and compliance with regulations[21].