HB Fuller (FUL) Company Overview

H.B. Fuller missed analysts' estimates for the second consecutive quarter, leading to a 3% stock decline and hitting a nearly 3-year low. Despite recent stagnation, H.B. Fuller expects to realize price hikes in 2025, with projected earnings per share growth of 5% and potential for significant future gains. The stock's sharp 30% decline is attributed to its initially high valuation; it now trades at a more reasonable 15.0x forward P/E ratio.

H.B. Fuller Company (NYSE:FUL ) Q4 2024 Earnings Conference Call January 16, 2025 10:30 AM ET Company Participants Scott Jensen - Investor Relations Celeste Mastin - President & Chief Executive Officer John Corkrean - Executive Vice President & Chief Financial Executive Conference Call Participants Kevin McCarthy - Vertical Research Partners Ghansham Panjabi - Baird Jeff Zekauskas - JPMorgan David Begleiter - Deutsche Bank Patrick Cunningham - Citi Rosemarie Morbelli - Gabelli Funds Operator Good morning, and welcome to H.B. Fuller's Fourth Quarter and Fiscal Year 2024 Results Conference Call.

The headline numbers for H. B. Fuller (FUL) give insight into how the company performed in the quarter ended November 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

H. B. Fuller (FUL) came out with quarterly earnings of $0.92 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $1.32 per share a year ago.

ST. PAUL, Minn.--(BUSINESS WIRE)--H.B. Fuller Company (NYSE: FUL) today reported financial results for its fourth quarter and fiscal year that ended November 30, 2024. Fiscal Year 2024 Noteworthy Items: Net revenue was $3.57 billion, up 1.6% year-on-year; organic revenue decreased 1.0% year-on-year, driven by 2.7% unfavorable pricing, partially offset by 1.7% higher volume; Gross margin was 29.8%; adjusted gross margin of 30.3% increased 90 basis points year-on-year, driven by pricing and raw m.

Looking beyond Wall Street's top -and-bottom-line estimate forecasts for H. B. Fuller (FUL), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended November 2024.

FUL's guidance cut for fiscal 2024 on weaker-than-expected conditions and delayed orders largely contributes to the decline in its shares.

Fourth-quarter net revenues and earnings of FUL are hurt by weaker-than-expected conditions and delayed orders.

ST. PAUL, Minn.--(BUSINESS WIRE)--H.B. Fuller Company (NYSE: FUL) announced today unaudited preliminary financial results for fiscal year 2024 and scheduled the company's fourth quarter investor conference call. These preliminary results are estimates and remain subject to completion of the company's fiscal year financial audit. The company now expects fiscal year 2024 net revenue to be approximately $3.57 billion, adjusted diluted earnings per share to be approximately $3.84 and adjusted EBITD.