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 strong first-quarter results for fiscal 2022, with net revenue of $857 million, an 18% increase year-over-year. The adjusted EPS rose to $0.80, a 21% increase, while adjusted EBITDA was $113 million, up 12%. Organic revenue growth of 21% was attributed to strong volume and pricing gains across all Global Business Units. The company has raised its fiscal 2022 guidance, anticipating adjusted EBITDA between $530 to $550 million and organic revenue growth of 15% to 20%. However, rising raw material costs and inflationary pressures remain concerns.
H.B. Fuller (NYSE: FUL) has partnered with Richard Rawlings, owner of Gas Monkey Garage, to promote the Gorilla Professional Grade product line in the US and Canada. Rawlings will serve as a spokesperson, featuring the products in videos, social media, and public events. The collaboration aims to disrupt the maintenance, repair, and operations (MRO) industry, traditionally dominated by legacy brands. The partnership includes a custom service vehicle project showcased in a video series. This initiative targets maintenance professionals and highlights GorillaPro's innovative tools.
H.B. Fuller Company (NYSE: FUL) will announce its financial results for the period ending February 26, 2022, on March 23, 2022, after market close. A conference call to discuss these results and fiscal year 2022 planning will take place on March 24, 2022, at 9:30 a.m. CT. Interested parties can access the live webcast and supplemental presentation via the company’s website. A telephone replay of the call will be available from March 23 to March 31, 2022. H.B. Fuller has been a leader in adhesives with $3.3 billion in net revenue for 2021.
H.B. Fuller Company (NYSE: FUL) has joined the 4evergreen alliance, a collaborative initiative aimed at enhancing the circularity of fiber-based packaging. The alliance, comprising around 90 organizations, seeks to raise the recycling rate of such packaging to 90% by 2030, contributing to sustainability goals. H.B. Fuller emphasizes its commitment to innovation in adhesives that enable better recycling practices. Notable products include the Sesame® sustainable tear tape and palletizing adhesives that reduce plastic use. This move aligns with H.B. Fuller’s sustainability strategy and growing consumer demand for eco-friendly products.
H.B. Fuller Company (NYSE: FUL) announced the appointment of Celeste Mastin as executive vice president and chief operating officer, effective March 7, 2022. Mastin, with over 30 years in manufacturing and distribution, succeeded Ted Clark, who will transition to a strategic advisory role. This succession aims to ensure continuity in H.B. Fuller’s strategic plan, which has driven notable growth. Mastin’s previous role as CEO of PetroChoice positions her to enhance operational leadership and further propel the company’s growth and profitability.
H.B. Fuller has finalized the acquisition of Apollo, the UK's largest independent liquid adhesive manufacturer, for $211 million. Apollo, expected to generate £42 million in revenue and £11 million in EBITDA in 2022, will enhance H.B. Fuller's position in high-margin markets in the UK and Europe. This acquisition follows the earlier purchase of Fourny nv, and both companies are expected to generate $8 million in annual synergies by 2024. The integration is anticipated to be accretive to H.B. Fuller's earnings in the first year, supporting long-term growth and market expansion.
H.B. Fuller Company (NYSE: FUL) declared a quarterly cash dividend of $0.1675 per share, payable on February 23, 2022, to shareholders of record on February 9, 2022. This marks the 54th consecutive year of dividend payments for the company, which generated $3.3 billion in net revenue in fiscal 2021. H.B. Fuller is a leading global adhesives provider, dedicated to innovation across various industries.
H.B. Fuller Company (NYSE: FUL) reported a strong Q4 and full year 2021, with a 15% revenue growth year-over-year in Q4, totaling $897 million. Net income for the quarter was $65 million or $1.18 EPS, with adjusted EPS at $1.09. The company anticipates double-digit organic revenue growth of 10-15% for fiscal 2022, with adjusted EPS guidance of $4.00 to $4.25. The debt leverage improved to 3.3x adjusted EBITDA, indicating solid financial health despite ongoing raw material inflation challenges.
H.B. Fuller Company (NYSE: FUL) plans to release its financial results for the three-month and fiscal year periods ending
FAQ
What is the current stock price of H.B. Fuller Company (FUL)?
What is the market cap of H.B. Fuller Company (FUL)?
What does H.B. Fuller Company do?
What are the main segments of H.B. Fuller's business?
Where does H.B. Fuller generate most of its revenue?
What industries does H.B. Fuller serve?
What are some products made using H.B. Fuller adhesives?
How does H.B. Fuller ensure customer satisfaction?
Has H.B. Fuller received any recent achievements or launched new projects?
What is H.B. Fuller's commitment to quality?
Does H.B. Fuller work with other companies?
Why are H.B. Fuller’s products important despite being invisible?
