H.B. Fuller's Stock Down 16% in a Month: What's Weighing on it?

Company Performance - H.B. Fuller Company's shares have declined by 16.4% in the past month, underperforming its industry's decline of 8% and the S&P 500's decline of approximately 1.9% [1][2] Financial Guidance - The company has issued preliminary financial results for fiscal 2024, projecting net revenues of approximately $3.57 billion, adjusted earnings per share of around $3.84, and adjusted EBITDA of roughly $594 million, which is a decrease from the previous guidance of $610-$620 million [3] - H.B. Fuller plans to generate around $300 million in cash flow from operations for the year [3] Earnings Performance - The fourth-quarter net revenues and earnings were negatively impacted by weaker-than-expected market conditions and delayed orders, particularly in consumer product and packaging-related industries, as well as durable goods distribution [4] - The company's earnings missed the Zacks Consensus Estimate by 8.9% in the last reported quarter, with earnings estimates for fiscal 2024 and 2025 declining over the past 60 days [5]