H.B. Fuller Q3 net income beats estimates on pricing actions, restructuring savings
Reuters2026/09/23 20:16
Overview
Adhesives maker's fiscal Q3 revenue rose 5% yr/yr but missed analyst expectations
Adjusted EPS for fiscal Q3 rose 21% yr/yr, beating analyst expectations
Company says margin gains driven by pricing execution and restructuring savings
Outlook
H.B. Fuller expects fiscal 2026 adjusted EBITDA of $655 mln to $670 mln
Company sees fiscal 2026 adjusted EPS (diluted) between $4.70 and $4.85
H.B. Fuller expects fiscal 2026 cash flow from operations of $300 mln to $325 mln, excluding AMS items
Result Drivers
PRICING ACTIONS - Co said pricing increased net revenue by 7.4%, offsetting lower volume and driving organic growth
RESTRUCTURING SAVINGS - Co said restructuring efforts contributed to margin improvement and profitability
STRATEGIC INVENTORY INVESTMENTS - Co said higher net working capital was driven by inventory investments to support Quantum Leap and supply continuity amid Middle East disruption
Company press release: ID:nBwccSYhNa
Key Details
Metric |
Beat/Miss |
Actual |
Consensus Estimate |
Q3 Revenue |
Miss |
$938.17 mln |
$948.19 mln (7 Analysts) |
Q3 Adjusted EPS |
Beat |
$1.52 |
$1.47 (7 Analysts) |
Q3 Adjusted Net Income Attributable |
Beat |
$83.42 mln |
$81.27 mln (6 Analysts) |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the specialty chemicals peer group is "buy"
Wall Street's median 12-month price target for H.B. Fuller Company is $75.00, about 46.9% above its September 22 closing price of $51.07
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 13 three months ago
Reuters Recommended Reads
Sept 22 - Evonik to launch second phase of restructuring in 2027, pursues unit sales
Sept 22 - UK's Smiths Group FY revenue beats estimates, margin expands
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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