Welcome to our dedicated page for H.B. Fuller Company news (Ticker: FUL), a resource for investors and traders seeking the latest updates and insights on H.B. Fuller Company stock.
H.B. Fuller Company (symbol: FUL) is a global leader in adhesives, sealants, and other specialty chemical products, dedicated to enhancing the quality and functionality of everyday products. Established with a mission to connect what matters, H.B. Fuller plays a crucial role in various industries, ensuring the quality and convenience of modern life.
Core Business
The company's operations are organized into three main segments:
- Hygiene, Health, and Consumable Adhesives: This segment generates the highest revenue, producing thermoplastic, thermoset, reactive, water-based, and solvent-based adhesives for packaging, converting, nonwoven, hygiene products like disposable diapers, feminine care items, and medical garments.
- Engineering Adhesives: Focused on high-performance adhesive solutions for applications in the automotive, aerospace, and electronics industries.
- Construction Adhesives: Provides a range of adhesive and sealant products for commercial and residential construction projects.
Recent Achievements and Projects
H.B. Fuller has continually innovated, launching new adhesive solutions that meet stringent industry standards and sustainability goals. The company has forged strategic partnerships and expanded its global footprint, ensuring a robust supply chain and reliable customer service.
Financial Condition
With around half of its revenue generated in the United States, H.B. Fuller has maintained a strong financial position. This stability allows the company to invest in research and development, enhancing its product offerings and maintaining its competitive edge.
Partnerships and Products
The company's collaborations span multiple industries, underscoring its commitment to delivering high-performance adhesive solutions. From the glue holding together cereal boxes to the seals in refrigerators and specialty adhesives in disposable diapers, H.B. Fuller's products are integral to various consumer goods, yet often go unnoticed.
Commitment to Quality and Service
H.B. Fuller prides itself on delivering reliable and responsive technical service, ensuring customer satisfaction and long-lasting partnerships. The company's innovative solutions address some of the world's most complex adhesion challenges, adding significant value to its clients.
H.B. Fuller Company (NYSE: FUL) has announced an increase in its quarterly cash dividend from $0.19 to $0.205 per share, marking an 8% increase and the 54th consecutive year of dividend increases. This dividend will be payable on May 4, 2023, to shareholders of record as of April 20, 2023. In fiscal year 2022, H.B. Fuller reported net revenues of $3.75 billion, demonstrating its commitment to innovation and sustainable adhesive solutions across various industries.
H.B. Fuller Company (NYSE: FUL) reported first-quarter results, revealing a net income of $22 million and adjusted EBITDA of $110 million, at the high end of guidance. Total net revenue reached $809 million, down 5.5% year-on-year, attributed to a 2.5% drop in organic revenue due to lower volumes, despite favorable pricing that contributed 8.3 percentage points to organic growth.
The company initiated a restructuring plan aimed at cost savings of $30 to $35 million, while cash flow from operations improved by $23 million compared to last year. The forecast for full-year adjusted EBITDA remains $580 million to $610 million.
H.B. Fuller Company (NYSE: FUL) will report its financial results for the fiscal quarter ending March 4, 2023, in a press release on March 29, 2023, after market close. An investor conference call will take place on March 30, 2023, at 9:30 a.m. CT (10:30 a.m. ET) to discuss these results. Interested parties can access a live webcast through the company's website and must register in advance. A replay of the call will be available from 12:30 p.m. CT on March 30 until April 6, 2023. H.B. Fuller, established in 1887, focuses on providing innovative adhesive solutions, generating $3.75 billion in net revenue in fiscal 2022.
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