HB Fuller Co. (NYSE:FUL) delivered a profit and met Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
HB Fuller Co. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 15.63% to $0.74 in the quarter versus EPS of $0.64 in the year-earlier quarter.
Revenue: Rose 2.8% to $514.58 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: HB Fuller Co. reported adjusted EPS income of $0.74 per share. By that measure, the company met the mean analyst estimate of $0.74. It missed the average revenue estimate of $524.17 million.
Quoting Management: “Our third quarter results showed strong progress toward our 2015 strategic goals,” said Jim Owens, H.B. Fuller president and chief executive officer. “We got our revenue growth moving in the right direction and managed our margins and discretionary spending to deliver our commitments for operating profit growth. At the same time we successfully completed major milestones in our European business integration project, keeping us on track to fully deliver the planned financial and strategic benefits from this investment. We have momentum for a strong fourth quarter and to complete another successful, transformational year as part of our current five year plan.”
Key Stats (on next page)…