
H.B. Fuller Company reported its third-quarter 2024 results, missing analysts' estimates. The company reported net revenue of $917.93 million, falling short of the $944.25 million consensus estimate. Net income was $55 million, and adjusted EBITDA was $165 million, up 6% year-on-year, with an adjusted EBITDA margin of 18.0%. The reported EPS (diluted) was $0.98, while adjusted EPS (diluted) was $1.13, up 7% from the previous year. Despite the earnings growth, the CEO noted that volume growth was at the low end of expectations, impacted by slowing market demand in certain durable goods markets in EA. Consequently, H.B. Fuller revised its full-year outlook downward. The company's shares fell 9.5% after hours following the earnings report, and were down 8.2% pre-market.
H.B. Fuller reports a miss in Q3 earnings, with net revenue totaling $917.93M, falling below the $944.3M consensus. As a result, shares decline after the company revises its FY24 guidance lower. $FUL
$FUL (-8.2% pre) H.B. Fuller (NYSE:FUL) Announces Quarterly Earnings Results - Marketbeat https://t.co/i9oXuObOBC
$FUL CEO: "...this quarter’s volume growth was at the low end of our expectations.." https://t.co/2vWz7rbzbC
