H.B. Fuller cuts FY2024 adjusted EBITDA outlook to about $594 million
H.B. Fuller preliminarily expects fiscal 2024 adjusted EBITDA of about $594 million, below its prior guidance of $610 million to $620 million given on September 25, 2024. The company cited weaker fourth-quarter demand, delayed orders, and higher raw material costs, and said the figures are unaudited and subject to change.
- Preliminary fiscal 2024 net revenue of about $3.57 billion, adjusted diluted EPS of about $3.84, and adjusted EBITDA of about $594 million
- Prior adjusted EBITDA guidance was $610 million to $620 million, communicated September 25, 2024
- Expected cash flow from operations of about $300 million for the year
- Full fiscal 2024 results are scheduled for release after the market close on January 15, 2025, with a conference call on January 16, 2025