H.B Fuller Shares Rise In After-Hrs On FY25 Outlook, Q1 Earnings Above Street

H. B. Fuller

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(RTTNews) - Shares of H.B.Fuller Co. (FUL) gained around 5 percent in the extended trading on Wednesday as the adhesives manufacturing company projected higher earnings and EBITDA for fiscal 2025, after reporting first-quarter earnings above the Street expectations.

In the year ahead, the company expects adjusted earnings per share in the range of $3.90 to $4.20, a 2 percent-9 percent growth from a year ago. Analysts, on average, expect the company to earn $3.97 per share. Analysts' estimates, typically, exclude special items.

Net revenue growth for the year is projected to be down 2 percent to 4 percent. The company said that after adjusting for the divestiture of the flooring business, net revenue will rise 1 percent to 2 percent. Adjusted EBITDA for fiscal 2025 is expected to be between $600 million and $625 million, a growth of 1 percent- 5 percent from last year.

For the second quarter, Adjusted EBITDA is expected to be in the range of $150 million to $160 million.

In its first quarter, H.B Fuller reported profit of $13.248 million, or $0.24 per share, lower than $30.991 million, or $0.55 per share, recorded in the same quarter last year.

HB Fuller posted adjusted earnings of $30.00 million or $0.54 per share for the period. Analysts had expected the company to earn $0.50 per share.

The company's revenue for the three-month period fell 2.7 percent to $788.863 million from $810.419 million in the previous-year quarter.

On the NYSE, the stock rose 5.4 percent on Wednesday's after-hours to trade at $57.25. FUL closed regular trade at $54.32, up 0.91 percent.