U.S. Markets open in 6 hrs 39 mins

Free Post Earnings Research Report: H.B. Fuller’s Quarterly Revenue Surged 42%

Stock Monitor: PPG Industries Post Earnings Reporting

LONDON, UK / ACCESSWIRE / April 26, 2018 / Active-Investors.com has just released a free earnings report on H.B. Fuller Co. (NYSE: FUL). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=FUL. H.B. Fuller reported its first quarter fiscal 2018 operating and financial results on March 28, 2018. The adhesives Company exceeded revenue estimates while earnings were in-line with market estimates. Additionally, the Company reiterated its guidance for FY18. Register today and get access to over 1,000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is currently working on the research report for PPG Industries, Inc. (NYSE: PPG), which also belongs to the Basic Materials sector as the Company H.B. Fuller. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/?symbol=PPG

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, H.B. Fuller most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=FUL

Earnings Highlights and Summary

H.B. Fuller's net revenue for the first quarter of 2018 ended March 03, 2018, surged 41.7% to $713.1 million compared to $503.3 million for Q1 FY17. Higher volume, customer price, mix, foreign currency translation, and acquisitions were all positive contributors to the reported quarter net revenue growth. The Company's reported numbers topped analysts' estimates of $664.0 million.

During Q1 FY18, H.B. Fuller's gross profit margin was 26.3% compared to 27.6% in Q1 FY17. The Company's adjusted gross profit margin was 26.4% for the reported quarter, down versus 28.4% in the prior year's corresponding quarter, reflecting the cumulative impact of raw material inflation during FY17.

For Q1 FY18, H.B. Fuller's selling, general, and administrative (SG&A) expense was $151.0 million compared to $112.9 million in Q1 FY17. The Company's adjusted SG&A expense was $141.0 million for the reported quarter compared to $104.1 million for the prior year's same quarter, due to the inclusion of the acquired businesses during FY17.

During Q1 FY18, H.B. Fuller's adjusted EBITDA surged 42% to $84.0 million compared to $58.9 million in Q1 FY17.

H.B. Fuller's net income was $47.7 million, or $0.92 per diluted share, for Q1 FY18 versus net income of $14.8 million, or $0.29 per diluted share, in Q1 FY17. The Company's adjusted earnings of $0.35 per diluted share compared to $0.48 per diluted share in the year earlier same quarter. H.B. Fuller's earnings matched Wall Street's estimates of $0.35 per share.

Balance Sheet and Cash Flow:

At the end of the first quarter of 2018, H.B. Fuller had cash totaling $132 million and total debt of $2,441 million of which approximately 70% has a fixed interest rate compared to cash and debt levels of $194 million and $2.45 billion, respectively, in Q4 FY17.

In Q1 FY18, H.B. Fuller's cash flow from operations was negative $32 million reflecting the typical seasonality of the Company's businesses and inventory building in advance of higher sales activity in Q2 FY18. The Company's capital expenditures were $19 million in the reported quarter.

Outlook

H.B. Fuller reaffirmed its fiscal year 2018 forecast for earnings in the range of $3.10 to $3.40 per diluted share, and adjusted EBITDA of approximately $465 million. The Company is expecting revenue growth to be approximately 35% for FY18. H.B. Fuller expects to invest approximately $90 million in capital items in FY18.

Stock Performance Snapshot

April 25, 2018 - At Wednesday's closing bell, H.B. Fuller's stock marginally climbed 0.42%, ending the trading session at $50.81.

Volume traded for the day: 323.06 thousand shares.

Stock performance in the last month – up 4.23%

After yesterday's close, H.B. Fuller's market cap was at $2.56 billion.

Price to Earnings (P/E) ratio was at 47.40.

The stock has a dividend yield of 1.18%.

The stock is part of the Basic Materials sector, categorized under the Specialty Chemicals industry. This sector was flat at the end of the session.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com

Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors