HB Fuller Co. (NYSE:FUL) Q1 2018 Earnings Conference Call Transcript

Mar 29, 2018 • 10:30 am ET

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HB Fuller Co. (NYSE:FUL) Q1 2018 Earnings Conference Call Transcript

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Presentation
Executive
Jim Owens

announced the actions that will rationalize some of our manufacturing footprint and drive efficiencies and cost savings and in the first quarter of this year we received our first orders related to our commitment to deliver $50 million in revenue synergy by 2020.

In addition to the Royal integration, we are seeing positive volume growth in both the legacy and Royal businesses and we're delivering positive pricing across all of our businesses. The pricing actions will ramp up significantly in the second quarter. The results of these actions will generate the EBITDA of approximately $465 million this year and free cash flow of approximately $200 million this year. The cash flow will be used to pay down debt.

With each passing quarter, we gain confidence in our 2020 targets of $600 million in EBITDA and $600 million in cumulative debt pay down by 2020. We are gaining momentum in the business as we continue to grow our top line and improve our operational performance.

This is the end of our prepared remarks, so now we look forward to answering your questions.