financetom
Business
financetom
/
Business
/
H.B. Fuller Lowers FY2024 Outlook; Shares Fall Pre-Bell
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
H.B. Fuller Lowers FY2024 Outlook; Shares Fall Pre-Bell
Jan 2, 2025 6:32 AM

09:14 AM EST, 01/02/2025 (MT Newswires) -- H.B. Fuller ( FUL ) said Thursday it expects fiscal 2024 adjusted earnings per share of $3.84, down from a prior outlook of $4.10 to $4.20.

Analysts polled by FactSet are expecting full-year EPS of $4.15.

The adhesives company said it now expects full-year net revenue of approximately $3.57 billion. The company previously guided for net revenue growth of 2% year-over-year.

The company said it now expects adjusted earnings before interest, taxes, depreciation, and amortization of approximately $594 million, down from previous guidance of between $610 million and $620 million.

H.B. Fuller ( FUL ) attributed the expected lower results to Q4 net revenue and earnings that were "adversely impacted by weaker-than-expected conditions and delayed orders," particularly related to consumer product goods and packaging. It also said delayed customer order patterns shifted price increases into fiscal 2025, and that higher raw material costs negatively impacted adjusted EBITDA.

Shares of the company were down 4.5% in recent premarket activity.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2026 - www.financetom.com All Rights Reserved