H B Fuller Co

FUL

Equity

ISIN null / Valor 932110

New York Stock Exchange, Inc (2026-05-22)

USD 57.78+2.50%

H B Fuller Co
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About company

H.B. Fuller Company is a publicly traded specialty chemicals manufacturer headquartered in Saint Paul, Minnesota, that develops and supplies adhesives, sealants and related formulations for industrial and consumer applications worldwide. Founded in the late 19th century, the firm produces a range of products — including hot-melt, water‑based, solvent‑based and reactive adhesives, pressure‑sensitive adhesives and coatings — used by customers in packaging and paper converting, product assembly and transportation, construction and woodworking, electronics and hygiene/nonwovens, among other end markets. In addition to manufacturing, H.B. Fuller provides formulation and application support to help customers integrate adhesives into production processes and operates a global network of plants and technical centers to serve multinational and local clients.

Summarized from source with an LLMView SourceSector: Industrials

Revenue

Q4 2025 net revenue: $895M, down 3.1% y/y (organic -1.3%). Adjusting for the prior flooring divestiture, Q4 revenue was up 0.9% y/y. FY 2025 net revenue: $3.47B, down 2.7% y/y; organic revenue was flat for the year.

Profitability & margins

Q4 adjusted EBITDA: $170M (up 14.6% y/y) with adjusted EBITDA margin 19.0% (+290 bps y/y). Adjusted gross margin in Q4 was 32.5% (+290 bps). FY 2025 adjusted EBITDA margin was 17.9% (+130 bps y/y), reflecting pricing, raw‑material actions, M&A and restructuring benefits.

Earnings per share

Q4 reported diluted EPS $0.54; adjusted diluted EPS $1.28 (up 39.1% y/y) driven by higher operating income and fewer shares outstanding. FY 2025 reported diluted EPS $2.75; adjusted diluted EPS $4.24 (up 10.4% y/y).

Cash flow & balance sheet

FY 2025 operating cash flow was $263M. Net debt at Q4 end was ~$1.91B (net debt/TTM adjusted EBITDA 3.1x). Net working capital rose to 15.8% of annualized net revenue (up 130 bps y/y) as inventory days increased during manufacturing footprint optimization.

Guidance (Fiscal 2026)

Company expects FY 2026 net revenue flat to +2% (organic ~flat), adjusted EBITDA $630–660M, adjusted EPS $4.35–4.70, operating cash flow $275–300M, capex ≈ $160M (≈$50M for footprint consolidation). Q1 2026 revenue expected down low single digits; Q1 adjusted EBITDA $110–120M.

Key drivers & management view

Management attributes margin expansion and EPS growth to favorable pricing, raw‑material cost actions, acquisition/divestiture impacts and restructuring/Project ONE benefits. CEO highlighted momentum into 2026 and a target of >20% EBITDA margin.

Summarized from source with an LLMView Source

Key figures

5.38%1Y

-11.6%3Y

-13.8%5Y

Performance

33.8%1Y

29.5%3Y

29.1%5Y

Volatility