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 (NYSE: FUL) has elected Dr. Srilata Zaheer as an independent board member, effective April 6, 2022. Dr. Zaheer will also serve on the Audit and Compensation Committees. With extensive experience in international business strategy, particularly in China and India, she aims to bolster H.B. Fuller's growth. Currently Dean at the University of Minnesota's Carlson School of Management, Dr. Zaheer's insights on global business will strengthen the company's strategy. H.B. Fuller reported net revenue of $2.8 billion in fiscal 2020.
H.B. Fuller Company (NYSE: FUL) announced a quarterly cash dividend of $0.1675 per share, payable on Oct. 28, 2021. Shareholders on record by the close of business on Oct. 14, 2021 will receive this dividend. The company has consistently delivered cash dividends for 53 consecutive years, indicating strong financial health and commitment to returning value to shareholders. In fiscal 2020, H.B. Fuller reported net revenue of $2.8 billion, showcasing its significant market presence in the adhesives and specialty chemical sectors.
H.B. Fuller Company (NYSE: FUL) reported a strong third quarter for 2021, with net revenue up 20% year-over-year at $827 million and organic revenue increasing 16%. Net income reached $32 million, or $0.58 per diluted share, while adjusted EPS was $0.79, up 4%. Despite raw material challenges, adjusted EBITDA rose 5% to $111 million. The company anticipates further margin improvements and has raised its full-year revenue growth guidance to 17%-18% compared to 2020.
H.B. Fuller Company (NYSE: FUL) will report its financial results for the period ending
H.B. Fuller (NYSE: FUL) announced an 11% surcharge on product shipments globally, effective September 1, 2021, due to substantial cost increases in chemical feedstocks, logistics, and packaging. This surcharge will be integrated into existing pricing by December 1, 2021. The company cited ongoing supply shortages and inflationary pressures as primary causes for this decision, which aims to ensure continued customer service amidst escalating operational costs.
H.B. Fuller (NYSE: FUL) announced a $23 million investment to establish a new manufacturing facility in Cairo, aimed at meeting rising demand in Egypt, Turkey, and the broader Middle East and Africa. This state-of-the-art plant will double production capacity and serve various sectors including hygiene and packaging. Set in the CPC Industrial Park, the facility will adhere to sustainability standards and is expected to commence full production by Q4 2022. This strategic move aims to enhance H.B. Fuller's regional leadership and create job opportunities while improving logistical access.
H.B. Fuller (NYSE: FUL) has announced a strategic partnership with Covestro to develop a low-carbon adhesive for woodworking, composites, textiles, and automotive applications. This adhesive incorporates bio-attributed raw materials via a mass balance approach, reducing reliance on fossil inputs. Covestro aims to decrease CO2 emissions by transitioning to alternative raw materials. The new adhesive maintains the same quality as traditional products and can be used immediately in existing processes. Both companies aim to contribute to the circular economy and enhance sustainability in the adhesives industry.
H.B. Fuller Company (NYSE: FUL) has declared a quarterly cash dividend of $0.1675 per share, payable on July 29, 2021, to shareholders on record by July 15, 2021. This marks the 53rd consecutive year of cash dividends paid, indicating strong financial performance and shareholder commitment. In fiscal 2020, the company reported net revenue of $2.8 billion. H.B. Fuller has established itself as a leader in adhesives and specialty chemicals, focusing on innovation and customer connections across various industries.
H.B. Fuller (NYSE: FUL) has entered into a distribution agreement with Jubilant Agri and Consumer Products Limited to enhance its adhesive solutions in the B2B woodworking market. This partnership aims to meet the increasing demand for adhesives by leveraging both companies' strengths in product innovation and sustainability. The collaboration will enable H.B. Fuller to provide advanced adhesive technologies, including water-based and hot melt solutions, while allowing Jubilant to expand its market presence across India. This strategic move is expected to enhance customer service and production quality in woodworking applications.
H.B. Fuller reported a strong second quarter for fiscal 2021, with revenues of $828 million, up 22.7% year-over-year. Organic revenue increased 18.8%, with notable growth in Engineering and Construction Adhesives. Net income reached $49 million, translating to $0.90 per diluted share, while adjusted EPS rose 38% to $0.94. Adjusted EBITDA also improved by 21% to $122 million. Despite challenges from raw material costs, the company is on track to meet its $200 million debt reduction goal for the year, aided by effective pricing strategies and operational efficiencies.
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