HB Fuller Earnings: Everything You Must Know Now
HB Fuller Co. (NYSE:FUL) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
HB Fuller Co. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 26.42% to $0.67 in the quarter versus EPS of $0.53 in the year-earlier quarter.
Revenue: Decreased 1.52% to $519 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: HB Fuller Co. reported adjusted EPS income of $0.67 per share. By that measure, the company missed the mean analyst estimate of $0.68. It beat the average revenue estimate of $516.92 million.
Quoting Management: “We are satisfied with the overall results we delivered this quarter,” said Jim Owens, H.B. Fuller president and chief executive officer. “While we did not deliver the organic growth we expected in the quarter, we managed our margins well, took another step toward completion of the business integration plan and reduced discretionary spending to deliver on our commitments. We have initiatives in the pipeline which will generate improved revenue results in the second half. We remain on track to deliver the Forbo synergies, our business integration project in Europe, our EPS commitments for the year and our strategic target of 15 percent EBITDA margin in 2015.”
Key Stats (on next page)…