NYSE$FUL
H.B. Fuller Company · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Reported record quarterly revenue driven by year-over-year organic growth.
H.B. Fuller reported strong second-quarter results with record quarterly revenue of $993 million, driven by a 22% year-over-year increase in organic revenue. Adjusted EPS increased by 18% year over year, and adjusted EBITDA increased by 14% year over year.
- Strong operational execution delivered record quarterly revenue of $993 million.
- Net revenue increased 20% and organic revenue increased 22% versus last year.
- All three Global Business Units (GBUs) delivered mid-teens percentage or higher organic revenue growth compared with the prior year.
- Higher volumes, pricing gains and cost efficiencies resulted in net income of $47 million and adjusted EBITDA of $139 million, which increased 14% year over year.
Headline financials
Revenue & EPS history
H.B. Fuller · Revenue · Quarterly
$993M
Forward guidance
H.B. Fuller anticipates continued raw material and delivery cost increases and has implemented price adjustments to offset these increases. Adjusted EBITDA is expected to be in the range of $530 to $550 million, and adjusted EPS is expected to be in the range of $4.10 to $4.35.
Tailwinds
- Annualized price adjustments of approximately $330 million implemented in the first half of 2022.
- Additional annualized increases of over $175 million planned in the third quarter.
- Total pricing actions are anticipated to more than offset raw material and delivery cost increases.
- Adjusted EBITDA is expected to be in the range of $530 to $550 million, an increase of approximately 14% to 18% versus fiscal 2021.
- Adjusted EPS is expected to be in the range of $4.10 to $4.35, an increase of between 18% and 25% versus fiscal year 2021.
Headwinds
- Raw material and delivery costs are expected to continue to rise.
- Anticipates an increase of more than 20% for the full year versus the fourth quarter 2021 exit rate.
- Persistent inflationary pressures
- Expected slowing in some markets.
- Prolonged supply chain constraints, shortages of materials, and significant economic impacts from COVID shutdowns and a war in Ukraine
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q2 2022
-0.0%
Avg return
Earnings day
-0.5%
Avg return
5 days after
+2.0%
Avg return
30 days after
49%
33 / 68 earnings
Positive
+10.6%
Q2 2023
Best reaction
-14.0%
Q3 2014
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | — | — | — | |
| Q1 2026 | -0.6% | -5.5% | — | |
| Q4 2025 | -1.9% | -10.5% | +4.3% | |
| Q3 2025 | -3.9% | +0.0% | +3.7% | |
| Q2 2025 | -0.6% | -1.7% | -2.9% | |
| Q1 2025 | +6.1% | +5.3% | +0.5% | |
| Q4 2024 | -3.2% | -2.8% | -5.1% | |
| Q3 2024 | -0.7% | -2.7% | -7.2% | |
| Q2 2024 | +0.9% | +0.4% | +11.7% | |
| Q1 2024 | -4.4% | -4.5% | -10.1% | |
| Q4 2023 | +0.0% | +1.4% | +0.7% | |
| Q3 2023 | +6.6% | +1.7% | -3.5% | |
| Q2 2023 | +10.6% | +10.8% | +12.9% | |
| Q1 2023 | +0.1% | -4.0% | -3.2% | |
| Q4 2022 | -5.3% | -6.0% | -1.5% | |
| Q3 2022 | +1.8% | -0.1% | +8.8% | |
| Q2 2022 | +0.7% | -1.5% | +1.6% | |
| Q1 2022 | -0.8% | +2.4% | +2.8% | |
| Q4 2021 | -4.6% | -5.2% | -7.2% | |
| Q3 2021 | +8.8% | +9.3% | +15.4% | |
| Q2 2021 | -2.8% | -3.8% | -4.2% | |
| Q1 2021 | +8.4% | +8.5% | +15.8% | |
| Q4 2020 | +2.2% | +0.3% | +11.9% | |
| Q3 2020 | -0.9% | -0.6% | +7.5% | |
| Q2 2020 | +3.5% | +8.6% | +9.2% | |
| Q1 2020 | -2.9% | +1.3% | +18.9% | |
| Q4 2019 | -1.6% | -1.2% | -3.4% | |
| Q3 2019 | -0.3% | -0.6% | +4.0% | |
| Q2 2019 | +2.4% | +3.7% | +9.9% | |
| Q1 2019 | +3.5% | +5.1% | +3.9% | |
| Q4 2018 | +4.7% | +5.3% | +13.6% | |
| Q3 2018 | -7.6% | -8.0% | -26.1% | |
| Q2 2018 | -2.3% | -1.8% | +2.7% | |
| Q1 2018 | +2.5% | -1.7% | +4.1% | |
| Q4 2017 | -3.6% | -2.5% | -6.5% | |
| Q3 2017 | +4.4% | +5.1% | +3.2% | |
| Q2 2017 | -1.8% | -0.8% | -0.9% | |
| Q1 2017 | +0.9% | -4.0% | +0.6% | |
| Q4 2016 | -3.9% | -4.9% | -1.0% | |
| Q3 2016 | -7.0% | -4.5% | -7.8% | |
| Q2 2016 | -0.8% | -11.2% | -0.5% | |
| Q1 2016 | -0.7% | — | — | |
| Q4 2015 | +3.9% | — | — | |
| Q3 2015 | -3.0% | — | — | |
| Q2 2015 | -1.3% | — | — | |
| Q1 2015 | +1.9% | — | — | |
| Q4 2014 | -2.5% | — | — | |
| Q3 2014 | -14.0% | — | — | |
| Q2 2014 | -5.3% | — | — | |
| Q1 2014 | +3.1% | — | — | |
| Q4 2013 | -3.6% | — | — | |
| Q3 2013 | +6.6% | — | — | |
| Q2 2013 | +1.9% | — | — | |
| Q1 2013 | -2.3% | — | — | |
| Q4 2012 | +6.2% | — | — | |
| Q3 2012 | -9.0% | — | — | |
| Q2 2012 | -1.5% | — | — | |
| Q1 2012 | +0.5% | — | — | |
| Q4 2011 | -0.1% | — | — | |
| Q3 2011 | +5.0% | — | — | |
| Q2 2011 | +2.0% | — | — | |
| Q4 2010 | +0.8% | — | — | |
| Q1 2010 | +0.8% | — | — | |
| Q1 2011 | +1.4% | — | — | |
| Q4 2008 | -1.4% | — | — | |
| Q2 2010 | -1.4% | — | — | |
| Q3 2010 | +1.0% | — | — | |
| Q3 2009 | +1.0% | — | — | |
| Q4 2009 | +1.0% | — | — |
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