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) 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
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.
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