H.B. Fuller Company - FUL STOCK NEWS

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 December 4, 2022. Mastin, previously the Executive Vice President and COO, succeeds Jim Owens, who is retiring after 12 years of leadership. Under Owens, the company saw revenue and market value triple, shifting focus to higher-growth sectors like electronics and solar. The transition follows a multi-year succession planning process, with the board expressing confidence in Mastin's ability to advance the company's growth strategy.

H.B. Fuller Company (NYSE: FUL) reported a notable 13.8% net revenue growth and 18.4% organic growth year-on-year for Q3 2022, with net revenue reaching $941.2 million. Adjusted EPS rose to $1.06, a 34.2% year-on-year increase, while adjusted EBITDA was $137.7 million, reflecting a 24.4% increase. The company has raised its full-year adjusted EBITDA expectations to $540-$550 million. Despite economic headwinds, H.B. Fuller remains committed to double-digit EPS growth and margin expansion.

H.B. Fuller Company (NYSE: FUL) will announce its financial results for the fiscal period ending August 27, 2022, via a press release after market close on September 21, 2022. A conference call is scheduled for September 22, 2022, at 9:30 a.m. CT (10:30 a.m. ET) to discuss these results. Interested listeners can access the live webcast on the company's website, with pre-registration recommended. A telephone replay of the call will be available starting from 12:30 p.m. CT on September 22 until September 29, 2022.

H.B. Fuller (NYSE: FUL) announced the REVEAL of the GorillaPro® Ultimate Service Truck on August 13 at the Sturgis Motorcycle Rally. This event concludes a six-episode YouTube series by Richard Rawlings and Gas Monkey Garage®, showcasing the truck's build using GorillaPro® products. Following the REVEAL, the truck will embark on a nationwide tour to promote the GorillaPro® line of adhesives, offering hands-on training. The Gorilla Professional Grade® products include threadlockers and sealants, available through industrial distribution channels and online.

H.B. Fuller Company (NYSE: FUL) has announced a strategic partnership with Enimac, an international tape application equipment manufacturer. This collaboration aims to enhance capabilities within the expanding e-commerce packaging market. By combining expertise in pressure-sensitive adhesive tapes and application technology, both companies strive to support packaging makers effectively. H.B. Fuller is known for its innovative products, including the recently launched Open Sesame® fiber-based tear tape that aligns with sustainable packaging goals.

Ted Clark, former Chief Operating Officer of H.B. Fuller, has joined Iron Path Capital as a partner. He will lead investments in the specialty industrials sector. Clark's experience includes nearly 15 years with notable private equity firms and his previous role at H.B. Fuller, which he joined after the acquisition of Royal Adhesives and Sealants in 2017. Iron Path Capital, founded in 2021, focuses on lower middle-market companies in healthcare and specialty industrials, having made three platform investments to date.

H.B. Fuller Company (NYSE: FUL) has declared a quarterly cash dividend of $0.19 per share, payable on July 28, 2022, to shareholders of record by July 14, 2022. This marks the company's 54th consecutive year of quarterly cash dividends, reflecting its strong financial health and resilient cash flow amidst varying economic conditions. In fiscal 2021, H.B. Fuller reported net revenues of $3.3 billion, showcasing its commitment to innovation and sustainable solutions across diverse industries.

H.B. Fuller Company (NYSE: FUL) reported a record quarterly revenue of $993 million for Q2 2022, reflecting a 20% increase year-over-year, with organic growth of 22%. Adjusted earnings per share (EPS) rose 18% to $1.11. Adjusted EBITDA reached $139 million, up 14% year-over-year. The company anticipates ongoing increases in raw material costs, but expects pricing actions to offset these. Full-year adjusted EBITDA is projected between $530 million and $550 million, while adjusted EPS is expected to be in the range of $4.10 to $4.35.