The S&P 500 and the Nasdaq hit fresh highs on Monday. The market popped through early afternoon Tuesday after Jay Powell said keeping rates high for too long would negatively impact the economy.Wall Street is increasingly hopeful that Powell and the Fed will start cutting rates in September to help ease pressure on the slowing U.S. economy. Those hopes rose when the latest CPI figures released Thursday show June inflation dropped to 3% from 3.3% in May. After that, the big banks unofficially kick off earnin ...

H.B. Fuller Company (FUL) reported its financial results for second-quarter fiscal 2024. The company posted a net income of $51 million, or 91 cents per share. Adjusted net income for the quarter was $64 million, with adjusted earnings per share (EPS) at $1.12, resulting in an earnings surprise of 6.7%.This marks a 20% year-on- year increase driven by robust growth in operating income. The company's net revenues in the quarter came in at $917.1 million, up 2.1% from the previous year's $898.2 million. The c ...

财务数据和关键指标变化 - 公司第二季度收入增长2.1%,其中汇率影响为负1.7%,收购影响为正3.9%,剔除这些因素后有机收入下降0.1%,其中体量增长3.3%,价格下降3.4% [21] - 调整后毛利率为31.1%,同比提升210个基点,主要得益于价格和原材料成本管理、重组节省以及销量增长 [21] - 调整后销售、一般及管理费用同比增长9%,其中收购带来约一半增幅,其余为工资通胀和绩效薪酬增加,部分被重组节省抵消 [22] - 调整后EBITDA为1.57亿美元,同比增长10%,主要得益于价格和原材料成本管理、销量带来的杠杆效应、重组节省以及收购带来的贡献 [23] - 调整后每股收益为1.12美元,同比增长20%,主要得益于经营利润的强劲增长 [23] 各条业务线数据和关键指标变化 工程粘合剂(EA) - 有机收入增长2.5%,电子、汽车、航空航天和休闲车市场分部强劲,但木工和清洁能源市场分部需求较弱 [11] - 调整后EBITDA增长13%,调整后EBITDA利润率提升160个基点至18.4%,主要得益于价格和原材料成本管理以及重组带来的效益 [11] 家居及个护(HHC) - 有机收入下降,主要受到配方调整和指数定价调整的影响,但瓶装标签、包装和医疗分部有所改善,抵消了卫生市场的持续下滑 [12] - 调整后EBITDA持平,调整后EBITDA利润率提升50个基点至16.6%,主要得益于价格和原材料成本管理、重组效益以及收购带来的贡献 [12] 建筑粘合剂(CA) - 有机收入增长7%,其中屋顶分部有20%的有机增长,建筑市场环境有所改善,基本恢复正常建筑季节 [13] - 调整后EBITDA增长24%至2300万美元,调整后EBITDA利润率提升90个基点至15%,主要得益于价格和原材料成本管理、销量改善以及重组节省 [13] 各个市场数据和关键指标变化 美洲 - 有机收入持平,其中EA和CA实现正增长,合计有6%以上的有机增长,主要得益于电子、航空航天和屋顶分部的强劲表现;HHC有7%的有机下滑,主要受到卫生市场的持续负面影响 [14] 欧洲、中东和非洲(EIMEA) - 有机收入同比下滑,但较一季度有明显改善,各业务分部的有机收入发展均有顺序改善,主要系一季度的需求疲软属于暂时性 [15] 亚太 - 有机收入增长7%,主要得益于电子、汽车、饮料标签和柔性包装分部的强劲表现,其中中国市场有近10%的有机增长 [16] 公司战略和发展方向及行业竞争 - 公司致力于与客户合作,共同开发创新产品,为客户提供定制的高附加值粘合剂解决方案 [30][31][32][33][34] - 公司通过收购高毛利、高增长的业务,不断优化业务组合,提升整体利润率,目标是未来3-5年内实现公司整体20%以上的EBITDA利润率 [8][16][17][111][112][117] - 公司正在积极优化全球生产布局,通过关闭冗余工厂和仓储网络优化,持续提升成本效率和资本回报率 [114][115] - 公司的并购管线保持充沛,未来一年内有望完成3-4亿美元的并购,主要集中在高毛利、高增长的细分市场 [68][69][70][71] 管理层对经营环境和未来前景的评论 - 公司对第二季度的强劲业绩表现感到非常满意,体现了团队坚定的执行力和对长期战略的坚持 [7][35] - 公司看好未来的增长前景,预计2024年全年有机收入增长0-2%,调整后EBITDA增长7-10% [26][27] - 公司认为,通过持续优化业务组合、提升运营效率,有望在未来3-5年内实现20%以上的EBITDA利润率目标 [8][16][17] 其他重要信息 - 公司在2023年第二季度完成了对ND Industries的收购,这是一笔高度战略和财务吸引力的交易,有助于公司进入新的高增长细分市场 [17][18][49][50][51][52][53] - 公司在2023年和2024年连续两年获得了粘合剂与密封剂协会(ASC)的年度创新奖,分别是针对电动车和太阳能电池组件的创新产品 [34][35] - 公司已经重启了股票回购计划,未来将定期回购股票以抵消股权激励计划带来的摊薄 [25] 问答环节重要的提问和回答 问题1 **Matt Krueger 提问** 询问各业务分部在第二季度的具体销量表现以及对下半年的预期 [37][38][39][40][41][42] **Celeste Mastin 回答** - 建筑粘合剂业务第二季度销量增长最强,达到两位数;工程粘合剂业务也实现中单位数的销量增长;家居及个护业务销量小幅增长 [38] - 公司预计下半年整体销量增长将达到中单位数 [39] - 公司今年的重组计划将带来约2000万美元的效益,其中35-40%体现在上半年,剩余部分将在下半年实现 [41][42] 问题2 **Kevin McCarthy 提问** 询问ND Industries收购的具体财务影响以及整合计划 [48][49][50][51][52] **Celeste Mastin 回答** - 公司预计ND Industries在下半年将为公司贡献约1300万美元的EBIT

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 1, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number: 001-09225 H.B. FULLER COMPANY (Exact name of registrant as specified in its charter) Minnesota 41-0268370 (State ...

Exhibit 99.1 Worldwide Headquarters Steven Brazones 1200 Willow Lake Boulevard Investor Relations Contact St. Paul, Minnesota 55110-5101 651-236-5060 NEWS June 26, 2024 H.B. Fuller Reports Second Quarter 2024 Results Reported EPS (diluted) of $0.91; Adjusted EPS (diluted) of $1.12, up 20% year-on-year Net income of $51 million; Adjusted EBITDA of $157 million, up 10% year-on-year Adjusted EBITDA margin of 17.1%, up 120 basis points year-on-year Updates full year adjusted EBITDA guidance to upper end of prev ...

H. B. Fuller (FUL) reported $917.11 million in revenue for the quarter ended May 2024, representing a year- over-year increase of 2.1%. EPS of $1.12 for the same period compares to $0.93 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $910.82 million, representing a surprise of +0.69%. The company delivered an EPS surprise of +6.67%, with the consensus EPS estimate being $1.05. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- an ...

H. B. Fuller (FUL) came out with quarterly earnings of $1.12 per share, beating the Zacks Consensus Estimate of $1.05 per share. This compares to earnings of $0.93 per share a year ago. These figures are adjusted for non- recurring items. This quarterly report represents an earnings surprise of 6.67%. A quarter ago, it was expected that this adhesives company would post earnings of $0.65 per share when it actually produced earnings of $0.67, delivering a surprise of 3.08%. Over the last four quarters, the c ...

文章核心观点 - 文章比较了两家化学特种公司H. B. Fuller (FUL)和Hawkins (HWKN),分析了它们的估值指标,认为FUL目前是更优质的价值投资选择 [2][3][6][7][8] 公司比较 H. B. Fuller (FUL) - 目前FUL的Zacks排名为2(买入),表明其盈利预测修正活动更为出色,分析师预期较为乐观 [2][3] - FUL的估值指标如市盈率(17.63)、市盈率/预期增长率(1.21)、市净率(2.35)等均优于HWKN [6][7] - 综合各项估值指标,FUL被评为B级价值股,优于HWKN的D级 [7] Hawkins (HWKN) - HWKN目前的Zacks排名为4(卖出),表明其盈利预测修正活动相对较弱 [2] - HWKN的估值指标如市盈率(24.31)、市盈率/预期增长率(4.05)、市净率(4.60)等均弱于FUL [6][7] - 综合各项估值指标,HWKN被评为D级价值股,不如FUL [7]

Wall Street analysts forecast that H. B. Fuller (FUL) will report quarterly earnings of $1.04 per share in its upcoming release, pointing to a year-over-year increase of 11.8%. It is anticipated that revenues will amount to $910.54 million, exhibiting an increase of 1.4% compared to the year-ago quarter. Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period. Pr ...

H.B. Fuller Company (NYSE:FUL) Q1 2024 Earnings Conference Call March 28, 2024 10:30 AM ET Company Participants Steven Brazones - Vice President, Investor Relations Celeste Mastin - President & Chief Executive Officer John Corkrean - Executive Vice President & Chief Financial Officer Conference Call Participants Ghansham Panjabi - Baird Kevin McCarthy - Vertical Research Jeff Zekauskas - JPMorgan Eric Zhang - Citi David Begleiter - Deutsche Bank Rosemarie Morbelli - Gabelli Funds Operator Good day. My name ...