H.B. Fuller Reiterates Previously Communicated Financial Guidance For FY24; Adjusted EPS Of $4.15-$4.45, Est $4.31
Portfolio Pulse from Benzinga Newsdesk
H.B. Fuller has reiterated its financial guidance for FY24, expecting adjusted EPS of $4.15-$4.45, in line with estimates of $4.31. The company anticipates net revenue growth of 2% to 6%, with organic revenue growth ranging from flat to 3% year-on-year. Adjusted EBITDA is projected to be between $610 million and $640 million, indicating a 5% to 10% growth year-on-year. Operating cash flow is forecasted to be in the range of $300 million to $350 million.
March 27, 2024 | 8:09 pm
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H.B. Fuller reiterates its FY24 financial guidance, projecting an adjusted EPS of $4.15-$4.45, with net revenue growth expected to be 2%-6% and adjusted EBITDA between $610M-$640M.
Reiterating financial guidance typically reassures investors about the company's stability and future performance prospects. The confirmation of expected growth in both revenue and adjusted EBITDA, along with a solid operating cash flow projection, is likely to be viewed positively by the market. This could lead to increased investor confidence in H.B. Fuller, potentially driving up the stock price in the short term.
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