FUL - H.B. Fuller Non-GAAP EPS of $0.55 misses by $0.04 revenue of $809M misses by $16.42M
2023-03-29 16:29:51 ET
- H.B. Fuller press release ( NYSE: FUL ): Q1 Non-GAAP EPS of $0.55 misses by $0.04 .
- Revenue of $809M (-5.5% Y/Y) misses by $16.42M .
- Gross margin was 26.5%; adjusted gross margin of 26.9% increased 190 basis points year-on-year, driven by the combined effect of pricing and raw material cost developments;
- Net Income was $22 million; adjusted EBITDA was $110 million, at the high end of Company expectations, and adjusted EBITDA margin expanded year-on-year to 13.6%;
- Cash flow from operations in the first quarter, historically our lowest cash flow quarter, improved $23 million year-on-year;
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H.B. Fuller Non-GAAP EPS of $0.55 misses by $0.04, revenue of $809M misses by $16.42M