H.B. Fuller Sees FY23 EPS $3.80-$3.90 Vs $3.88 Est.; Revenue $3.5B-$3.55B Vs $3.63B Est
Portfolio Pulse from Benzinga Newsdesk
H.B. Fuller has revised its fiscal 2023 outlook, expecting net revenue to be between $3.50 billion and $3.55 billion, down 4.5% to 5.5% from fiscal 2022 due to lower volume expectations. Adjusted EBITDA is expected to be between $580 million and $590 million, reflecting higher margins and contributions from acquisitions. Adjusted EPS is expected to be between $3.80 and $3.90, down 2.5% to 5.0% YoY. The company also expects to generate between $40 and $45 million in annual pre-tax run-rate cost savings from restructuring.
September 27, 2023 | 8:08 pm
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H.B. Fuller's revised FY23 outlook indicates lower net revenue and EPS due to lower volume expectations, but higher EBITDA due to higher margins and acquisitions.
The revised outlook indicates lower revenue and EPS, which could negatively impact the stock price. However, the expected increase in EBITDA due to higher margins and acquisitions could offset some of this negative impact.
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