Filing Flows › Fuller H B (FUL) › Q4 FY24
Fuller H B (FUL) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Jan 23, 2025
Fuller H B (FUL) reported revenue of $923M for the fourth quarter fiscal 2024 (Q4 FY24), +2% from a year earlier and +0.6% from the quarter before. Operating margin was 8.3%, net loss $7.3M (0.8% of revenue).
Fuller H B, Q4 FY24: revenue $923M (+2% year over year), operating margin 8.3%, net loss $7.3M, operating cash flow $85.7M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $923M | +0.6% | +2% |
| Operating profit | $76.4M | — | — |
| Net earnings | −$7.3M | — | — |
| Operating cash flow | $85.7M | -2% | -47% |
| Free cash flow | $59.2M | -9% | -61% |
What changed
Revenue was $923.3M in Q4 FY24, up 2% year over year and up 1% from the previous quarter.
Gross margin was 28.7%, down 1.6 points from a year earlier. Operating profit was $76.4M, a 8.3% margin (down 4.3 points year over year). Operating profit fell $37.0M even though revenue rose $20.4M versus a year earlier, so costs grew faster than sales. Operating expenses grew 17% against revenue growth of 2%. The quarter ended with a net loss of $7.3M, after a profit of $55.3M the previous quarter. Net interest and other expense of $75.8M was the main reason.
Operating cash flow was $85.7M (down 47% year over year). Non-cash charges added back $46.0M of depreciation and amortization and $4.3M of share-based compensation. Working capital and other items added $42.7M. Capital expenditures of $26.4M left free cash flow of $59.2M.
Questions
What was Fuller H B's revenue in the fourth quarter fiscal 2024?
Fuller H B (FUL) reported revenue of $923M for the fourth quarter fiscal 2024 (Q4 FY24), +2% from a year earlier and +0.6% from the quarter before.
Was Fuller H B profitable in the fourth quarter fiscal 2024?
Operating profit was $76.4M (8.3% of revenue) and net loss $7.3M.
Source: Fuller H B 10-K on SEC EDGAR.