HB Fuller Beats on Both Top and Bottom Lines
HB Fuller (NYS: FUL) reported earnings on March 28. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 3 (Q1), HB Fuller beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue improved and GAAP earnings per share increased.
Gross margins improved, operating margins increased, net margins contracted.
HB Fuller chalked up revenue of $375.3 million. The five analysts polled by S&P Capital IQ expected a top line of $361.9 million on the same basis. GAAP reported sales were 11% higher than the prior-year quarter's $339.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.44. The six earnings estimates compiled by S&P Capital IQ averaged $0.37 per share on the same basis. GAAP EPS of $0.30 for Q1 were 3.4% higher than the prior-year quarter's $0.29 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 30.4%, 190 basis points better than the prior-year quarter. Operating margin was 8.2%, 190 basis points better than the prior-year quarter. Net margin was 4.1%, 10 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $526.6 million. On the bottom line, the average EPS estimate is $0.55.
Next year's average estimate for revenue is $2.00 billion. The average EPS estimate is $2.12.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 98 members out of 107 rating the stock outperform, and nine members rating it underperform. Among 25 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 25 give HB Fuller a green thumbs-up.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on HB Fuller is outperform, with an average price target of $32.00.
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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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