Fuller(US:FUL)2025-01-16 14:04Financial Performance - Fiscal year 2024 net revenue is expected to be approximately $3.57 billion, with adjusted diluted earnings per share around $3.84 and adjusted EBITDA approximately $594 million, down from previous guidance of $610 million to $620 million[8]. - Net income attributable to H.B. Fuller for the year ended November 30, 2024, is reported at $130.79 million, with adjusted net income at $217.18 million[23]. - Adjusted EBITDA for the year is approximately $593.86 million, reflecting the impact of higher raw material costs and delayed customer orders[23]. - Cash flow from operations for fiscal year 2024 is expected to be approximately $300 million[8]. Market Challenges - The company experienced a negative inflection point in volume late in Q4, leading to topline deceleration across several market segments[5]. - The company is implementing new pricing actions and cost controls in response to the weaker market environment[5]. Organizational Changes - Organizational realignment costs totaled $39.99 million, including employee severance and facility rationalization expenses[7]. - Acquisition project costs amounted to $9.35 million, primarily related to transaction and integration expenses[7]. - The company is focusing on restructuring initiatives to streamline manufacturing and reduce SG&A costs[5]. Future Reporting - H.B. Fuller plans to report its financial results for the fiscal year ended November 30, 2024, on January 15, 2025, followed by an investor conference call[9].