HB Fuller Co. reported unaudited consolidated earnings results for the fourth quarter and full year ended November 28, 2015. For the quarter, the company reported net revenue of $548,104,000 compared to $547,674,000 a year ago. Income from continuing operations before income taxes and income from equity method investments was $44,677,000 compared to $21,744,000 a year ago. Net income attributable to the company was $24,991,000 compared to $10,678,000 a year ago. Basic and diluted net income per share attributable to the company was $0.49 compared to $0.21 per diluted share a year ago. EBITDA was $71,747,000 compared to $56,357,000 a year ago. Adjusted diluted earnings per share were $0.691, up about 8% versus the prior year's adjusted result of $0.641. Adjusted EBITDA in the fourth quarter was $79.2 million and 14.4% of adjusted net revenue, up 18% and 220 basis points, respectively, from the prior year. Cash flow from operations was positive $57 million in the fourth quarter. Capital expenditures were $10 million in the fourth quarter.

For the full year, the company reported net revenue of $2,083,660,000 compared to $2,104,454,000 a year ago. Income from continuing operations before income taxes and income from equity method investments was $138,345,000 compared to $79,312,000 a year ago. Income from continuing operations was $88,397,000 or $1.71 per diluted share compared to $50,151,000 or $0.97 per diluted share a year ago. Net income attributable to the company was $86,680,000 or $1.69 per diluted share compared to $49,773,000 or $0.97 per diluted share a year ago. Adjusted Earnings before income tax was $170,448,000 compared to $181,684,000 a year ago. Adjusted diluted EPS was $2.33 compared to $2.58 a year ago. EBITDA was $245,375,000 compared to $215,365,000 a year ago. Cash flow from operations was positive $211 million for the year-to-date. Capital expenditures were $59 million. Adjusted total diluted earnings per share in the 2015 fiscal year were $2.171, down versus the prior year's result of $2.331. Lower revenue in the Americas, the adverse impact of foreign exchange rates, high operating costs in EIMEA segment and a higher core tax rate were key drivers of the year-over-year decline in adjusted diluted EPS. These negative factors were mostly offset by the successful integration of the TONSAN business and effective price and raw material cost management.

The company provided earnings guidance for the fiscal year of 2016. For the period, the company expects net revenue of about $2.1 billion for the full year, which represents approximately 4% constant currency growth, offset by approximately 3% in expected negative foreign currency translation. The company's target for full-year adjusted EBITDA is about $290 million, with a full-year EBITDA margin of about 14%. The company plan capital expenditures of about $60 million in 2016. The company expects diluted EPS in a range of $2.40 to $2.60, which excludes non-recurring items, an improvement of 15% at the mid-point versus the 2015 fiscal year.