H.B. Fuller Beats Estimates on Top and Bottom Lines
H.B. Fuller (NYS: FUL) reported earnings on Jan. 18. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 3 (Q4), H.B. Fuller beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly, and earnings per share improved significantly.
Gross margins grew, operating margins expanded, and net margins contracted.
H.B. Fuller booked revenue of $437 million. The five analysts polled by S&P Capital IQ wanted to see net sales of $423 million. Sales were 21% higher than the prior-year quarter's $360 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
Non-GAAP EPS came in at $0.65. The six earnings estimates compiled by S&P Capital IQ predicted $0.60 per share on the same basis. GAAP EPS of $0.53 for Q4 were 21% higher than the prior-year quarter's $0.44 per share.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 28.8%, 50 basis points better than the prior-year quarter. Operating margin was 9.2%, 100 basis points better than the prior-year quarter. Net margin was 6.0%, 10 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $387 million. On the bottom line, the average EPS estimate is $0.37.
Next year's average estimate for revenue is $1.9 billion. The average EPS estimate is $2.03.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on H.B. Fuller is outperform, with an average price target of $24.33.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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