NYSE$FUL
H.B. Fuller Company · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
H.B. Fuller reported fourth quarter and fiscal year 2022 results.
H.B. Fuller's Q4 2022 net revenue was $958 million, up 7% year-on-year. Reported EPS (diluted) was $0.87; adjusted EPS (diluted) was $1.04. The company expects global economic conditions to remain slow and is prepared to control expenses and expand margins.
- Net revenue of $958 million, up 7% year-on-year.
- Organic revenue increased 6% year-on-year.
- Net Income was $48 million; adjusted EBITDA of $141 million was up 5% year-on-year.
- Reported EPS (diluted) was $0.87; adjusted EPS (diluted) was $1.04.
Headline financials
Revenue & EPS history
H.B. Fuller · Revenue · Quarterly
$958M
Revenue by segment
H.B. Fuller · $340M total across 1 segment · Q4 2022
- Engineering Adhesives$340M+1.7%100.0%
Forward guidance
Adjusted EBITDA for fiscal 2023 is expected to be in the range of $580 million to $610 million. Revenue for 2023 is expected to be flat to down 3% versus 2022; organic revenue growth for fiscal year 2023 is expected to be in the range of 2% to 4%.
Tailwinds
- Adjusted EBITDA for fiscal 2023 is expected to be in the range of $580 million to $610 million, equating to growth of approximately 9% to 15% versus fiscal year 2022.
- Organic revenue growth for fiscal year 2023 is expected to be in the range of 2% to 4%, adjusting for the impact of the extra week in fiscal year 2022.
- Adjusted EPS in fiscal year 2023 is expected to be in the range of $4.15 to $4.55, equating to growth of between 4% to 14% year-on-year.
- Operating cash flow in fiscal year 2023 is expected to be between $300 million and $350 million.
- The core tax rate, excluding the impact of discrete items, is anticipated to be between 27% and 29% in fiscal year 2023
Headwinds
- Revenue for 2023 is expected to be flat to down 3% versus 2022.
- Fiscal year 2023 will be a 52-week year compared to a 53-week year in fiscal year 2022, which will unfavorably impact year-on-year net revenue and adjusted EBITDA growth by approximately 2% in fiscal year 2023.
- Foreign currency translation is expected to unfavorably impact net revenue growth by between 3% to 4% in fiscal year 2023.
- Net interest expense for fiscal 2023 is expected to be between $115 million and $125 million, up from fiscal year 2022, reflecting higher interest rates.
- Capital expenditures are expected to be $120 million.
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 Q4 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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