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) 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.
H.B. Fuller (NYSE: FUL) announced its membership in RecyClass, a cross-industry initiative aimed at enhancing the recyclability of plastic packaging across Europe. The initiative unites various stakeholders to improve the circularity of plastic products through rigorous testing and certification. Elizabeth Staab, Global Packaging Sustainability Manager at H.B. Fuller, emphasized the importance of industry collaboration in addressing environmental challenges. The company, reporting a fiscal 2022 net revenue of $3.7 billion, aims to leverage its adhesive technology to support a sustainable future and adapt to changing regulatory demands.
H.B. Fuller Company (NYSE: FUL) has declared a quarterly cash dividend of $0.19 per share, payable on February 21, 2023, to shareholders of record as of February 7, 2023. This marks the 55th consecutive year the company has distributed quarterly dividends. In fiscal 2022, H.B. Fuller reported net revenues of $3.75 billion, reflecting its commitment to innovation and sustainable adhesive solutions across various industries including electronics, healthcare, and construction.
H.B. Fuller Company (NYSE: FUL) reported strong financial results for fiscal year 2022, with net revenue increasing by 14% to $3.75 billion, and adjusted EPS rising 15% to $4.00 per share. Despite challenges, including unfavorable foreign currency impacts reducing adjusted EPS by approximately 16%, the company experienced significant growth in adjusted EBITDA, reaching $530 million. For Q4 2022, net revenue was $958 million, a 7% year-on-year increase. However, the fourth quarter also reflected a slowdown in demand for Construction Adhesives and losses due to inflation and currency translation. The fiscal 2023 outlook predicts adjusted EBITDA of $580 million to $610 million and flat to a 3% revenue decline.
H.B. Fuller has launched Swift®melt 1515-I, a new bio-compatible adhesive for medical tape applications, specifically designed for high humidity and temperature conditions in India, the Middle East, and Africa. This product meets ISO 10993-5 standards for cytotoxicity, ensuring safety for medical use. The global market for medical tapes and bandages is projected to reach USD 8.59 billion by 2026, with USD 850.1 million attributed to India. The launch aims to leverage increasing demand driven by a rise in diseases and surgeries.
H.B. Fuller Company (NYSE: FUL) will report its financial results for the fiscal periods ending December 3, 2022, in a release after market close on January 18, 2023. An investor conference call is scheduled for January 19, 2023, at 9:30 a.m. CT (10:30 a.m. ET) to discuss these results. Interested parties can access the live webcast and a supplemental presentation on the company’s website. A telephone replay will be available from January 19 through January 26, 2023. H.B. Fuller reported net revenue of $3.3 billion in fiscal 2021.
H.B. Fuller Company (NYSE: FUL) has appointed Charles T. Lauber as an independent member of its board of directors, effective January 23, 2023. Lauber, currently the CFO of A. O. Smith Corporation, will contribute his extensive financial expertise to the audit and compensation committees. His track record includes improving profitability and steering growth through M&A, particularly in global markets like China and India. The company aims to leverage Lauber’s strategic insights to advance its profitable growth strategy.
H.B. Fuller Company (NYSE: FUL) has declared a quarterly cash dividend of $0.19 per share, payable on November 3, 2022, to shareholders recorded by October 20, 2022. This marks the 54th consecutive year of dividend payments, reflecting the company’s strong financial position and consistent cash flow amidst varying economic conditions. In fiscal 2021, H.B. Fuller reported net revenues of $3.3 billion, reinforcing its commitment to innovation and sustainable solutions across multiple industries.
H.B. Fuller Company (NYSE: FUL) announced the appointment of Celeste Mastin as the new President and CEO, effective
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