H.B. Fuller Company - FUL STOCK NEWS

H.B. Fuller Company (FUL) raises its quarterly cash dividend by 8.5% to $0.2225 per share, continuing a streak of 55 years of dividend increases.

H.B. Fuller Company (FUL) reported strong financial results for Q1 2024, with net revenue of $810 million, a 0.2% increase year-on-year. Adjusted EPS grew by 22% to $0.67. The company achieved a 12% increase in adjusted EBITDA to $123 million, with an expanded margin of 15.2%. Cash flow from operations increased by $42 million year-on-year to $47 million. Despite a decline in organic revenue due to pricing changes, the company remains optimistic about achieving its fiscal 2024 guidance.

H.B. Fuller Company (FUL) is set to release its financial results for the three-month fiscal period ending March 2, 2024. An investor conference call is scheduled for March 28, 2024, to discuss the results. The webcast can be accessed on the company's website, with a replay available afterward.

H.B. Fuller Company (FUL) declares a regular quarterly cash dividend of $0.205 per share of common stock, payable on February 21, 2024, to shareholders of record at the close of business on February 7, 2024. The company has a long history of paying quarterly cash dividends, with 56 consecutive years of doing so.

H.B. Fuller Company (NYSE: FUL) reported Q4 diluted EPS of $0.80, adjusted EPS of $1.32, up 27% year-on-year. Achieved a new record for Q4 and fiscal year adjusted EBITDA margin. Q4 adjusted EBITDA up 22%, and adjusted EBITDA margin up 440 basis points. FY 2023 cash flow from operations increased 48% year-on-year to $378 million. Net revenue was $903 million, down 5.8% year-on-year, but up 1.2% on a 13-week comparable basis. Organic revenue decreased 3.5% year-on-year. Gross margin was 30.3%; adjusted gross margin of 31.3% increased 510 basis points year-on-year. Adjusted EBITDA was $173 million, up 22% year-on-year. Adjusted EBITDA margin expanded 440 basis points year-on-year to 19.1%. Net debt-to-adjusted EBITDA ratio declined sequentially from 3.3X to 2.9X. Fiscal Year 2024 Outlook: Net revenue growth for fiscal 2024 is expected to be in the range of up 2% to 6% with organic revenue flat to up 3% versus fiscal 2023. Adjusted EBITDA for fiscal 2024 is expected to be in the range of $610 million to $640 million. Adjusted EPS (diluted) is expected to be in the range of $4.15 to $4.45, equating to a range of up 7% to 15% year-on-year.

H.B. Fuller (FUL) Receives ISCC PLUS Certification for Sustainability at German Manufacturing Sites

H.B. Fuller Company (NYSE: FUL) will report its financial results for the three-month and twelve-month fiscal periods ended December 2, 2023, on January 17, 2024. An investor conference call will be held on January 18, 2024, to discuss the results, with a live webcast available on the company's website. The webcast will be archived, and a telephone replay of the conference call will also be accessible.

H.B. Fuller Company declares quarterly dividend of $0.205 per share

H.B. Fuller reports Q3 2023 financial results; net revenue down 4.3% YoY; adjusted EBITDA up 13% YoY; adjusted gross profit margin expands 350 bps YoY to 30.0%; cash flow from operations increases $50 million YoY to $108 million.