H.B. Fuller Sees 2017 Adj. EPS In Line With View

(RTTNews) - H.B. Fuller Co. (FUL) said it set an adjusted earnings per share guidance range of $2.57 to $2.77 for the 2017 year. Analysts polled by Thomson Reuters expect the company to report earnings of $2.73 per share for fiscal year 2017. Analysts' estimates typically exclude special items.

The mid-point of the adjusted EPS range represents 10 percent earnings growth versus a comparable 52 week year in 2016 as communicated in December. Constant currency growth, on a comparable 52 week basis, is expected to be around 4 percent for 2017 versus the 2016 fiscal year, which will be offset by 3 percentage points of negative foreign currency translation.

The company expect to deliver adjusted EBITDA margin of approximately 14 percent, reflecting approximately $290 million of adjusted EBITDA in 2017. Our core tax rate, excluding the impact of discrete items, is expected to be about 30 percent. Itexpect to invest approximately $60 million in capital items in 2017.

This guidance excludes approximately $18 million of previously announced pre-tax restructuring charges as well as other unusual items that cannot be quantified at this time.