H.B. FULLER Reports Record Earnings for FY2023 Q3
October 21, 2023
🌥️Earnings Overview
On September 28 2023, H.B. FULLER ($NYSE:FUL) reported their earnings results for Q3 of FY2023, which ended on August 31 2023. Total revenue for the three months was USD 900.6 million, a 4.3% decrease from the same quarter in the previous year. Net income for the quarter fell by 19.1%, amounting to USD 37.6 million.
Market Price
The company’s stock opened at $67.4 and closed at $71.6, a 6.0% increase from its last closing price of $67.6. This marks the highest closing price in the company’s history and is an indication of the strength of H.B. FULLER‘s performance in the last quarter. This was driven by strong demand for their products in all of their core markets. This reflects H.B. FULLER’s continued focus on efficiency and cost-control measures, which allowed them to maximize their profits despite increasing competition in the market. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for H.b. Fuller. More…
| Total Revenues | Net Income | Net Margin |
| 3.57k | 148.22 | 3.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for H.b. Fuller. More…
| Operations | Investing | Financing |
| 424.51 | -338.81 | -45.1 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for H.b. Fuller. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.66k | 2.93k | 31.96 |
Key Ratios Snapshot
Some of the financial key ratios for H.b. Fuller are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.0% | 19.0% | 9.6% |
| FCF Margin | ROE | ROA |
| 7.9% | 12.5% | 4.6% |
Analysis
We at GoodWhale have conducted an analysis of H.B. FULLER‘s wellbeing and found that they are a medium-risk investment when it comes to financial and business aspects. This risk rating should give you an idea of how secure your investment is, and what you can expect from them in the future. However, our analysis found two potential risk warnings on their balance sheet, both of which are non-financial in nature. To find out more about these warnings and the exact risks associated with them, simply register on goodwhale.com and get instant access to our comprehensive analysis of the situation. We believe that in order to make a wise investment decision, you need to be aware of all potential risks. So don’t wait: register with us now and learn all you need to know about H.B. FULLER’s wellbeing. More…
Peers
H.B. Fuller Company competes with Essentra PLC, Ester Industries Ltd, and Balchem Corporation in the global adhesives market. The company has a strong product portfolio and offers a wide range of adhesives products for various applications. It has a strong research and development team that supports the company in developing new and innovative products. The company has a strong brand name and offers its products at competitive prices.
– Essentra PLC ($LSE:ESNT)
Essentra PLC is a multinational company that manufactures and sells small plastic and fibre products. Some of their products include cigarette filters, plastic caps and closures, and healthcare packaging. The company has a market cap of 636.57M as of 2022 and a Return on Equity of 5.25%.
– Ester Industries Ltd ($BSE:500136)
Ester Industries Ltd is a publicly traded company with a market capitalization of 14.81 billion as of 2022. The company has a return on equity of 23.17%. Ester Industries Ltd is engaged in the business of manufacturing and marketing of synthetic resins. The company has a strong presence in the Indian market with a market share of around 70%.
– Balchem Corp ($NASDAQ:BCPC)
Balchem Corporation, together with its subsidiaries, develops, manufactures, and markets specialty performance ingredients and products for the food, nutritional, feed, pharmaceutical, and medical sterilization industries in the United States and internationally. It operates in three segments: Specialty Products, Industrial Products, and Animal Nutrition & Health Products. The company was founded in 1967 and is headquartered in New Hampton, New York.
Summary
H.B. FULLER reported their Q3 earnings for the 2023 fiscal year, with total revenue of USD 900.6 million and net income of USD 37.6 million, both showing a decrease compared to the prior year. The stock price reacted positively on the news, moving up on the same day. Investors should take note that H.B. FULLER is facing a challenging business environment, as demonstrated by its declining revenues and profits. Nevertheless, the company’s strong balance sheet provides a cushion against downside risks and may provide a good long-term investment opportunity.
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