H.B. Fuller Company - FUL STOCK NEWS

H.B. Fuller (NYSE: FUL) has introduced the FullVision™ Equipment and Data-Analytics Consulting Service, designed for bookbinding quality assurance. This innovative platform aims to enhance efficiency, production control, and cost management for softcover book manufacturers. By monitoring adhesive application rates in real-time, it helps prevent costly waste and operational delays, with potential savings of up to $12,000 for every two hours of rework. The service includes custom reports and actionable insights to improve product quality and productivity.

H.B. Fuller (NYSE: FUL) has achieved the Food Safety System Certification (FSSC 22000) for its Lüneburg plant in Germany, enhancing its status as a key manufacturing site in Europe. This certification, recognized by the Global Food Safety Initiative (GFSI), underscores the company's commitment to food safety amid rising concerns due to the COVID-19 pandemic. The Lüneburg site has undergone significant upgrades to improve its packaging and hygiene capabilities, producing essential adhesives for the food and beverage industry. Key product lines certified include Advantra® and Swift®.

H.B. Fuller Company (NYSE: FUL) has declared a quarterly cash dividend of $0.1675 per share, payable on May 6, 2021 to shareholders recorded by April 22, 2021. This dividend marks a 3% increase over the prior quarter and signifies the 52nd consecutive year of dividend growth, reflecting H.B. Fuller's commitment to returning value to its shareholders. The company achieved $2.8 billion in net revenue for fiscal 2020, demonstrating its strong market presence and ongoing investment in innovation.

H.B. Fuller (NYSE: FUL) has launched two new compostable adhesive solutions under the Flextra™ Evolution brand, designed for the flexible packaging market. The adhesives, Flextra™ Evolution SF1000CP/XR2000CP and Flextra™ Evolution WB1200CP/XR2200CP, aim to address sustainability demands by being fully compostable. The products boast beneficial features like excellent adhesion and minimal environmental impact during composting. These developments align with the industry's shift toward circular economy practices, enhancing H.B. Fuller's competitive positioning in a growing market focused on eco-friendly solutions.

H.B. Fuller Company (NYSE: FUL) reported a 12.3% increase in net revenue for Q1 2021, totaling $726 million, aided by strong operational execution and a 10.5% rise in organic revenue. Adjusted EBITDA reached $101 million, up 30% year-over-year, with adjusted EPS nearly doubling to $0.66. The company paid down approximately $16 million in debt and anticipates further reductions alongside a projected revenue growth of high-single digit to low double-digit for the year. Challenges include rising raw material costs, with expected increases of 5% to 8% for the full year.

H.B. Fuller Company (NYSE: FUL) has rescheduled its first quarter 2021 earnings conference call to March 25, 2021, at 11:30 a.m. CDT, a shift from the original timing. The financial results for the three-month period ending February 27, 2021, will be disclosed in a press release on March 24, 2021, after market close. The conference call and the accompanying presentation slides will be available via a live webcast on the company’s website. A telephone replay will be accessible from March 25 through April 1, 2021.

H.B. Fuller Company (NYSE: FUL) will release its financial results for the three-month period ending February 27, 2021, after the market closes on March 24, 2021. A conference call to discuss these results is scheduled for March 25, 2021, at 9:30 a.m. CDT. Interested parties can access the press release and listen to the call via a live webcast on the company’s website. A telephone replay will also be available from March 25, 2021, through April 1, 2021. Founded in 1887, H.B. Fuller is a leading global adhesives provider with 2020 net revenue of $2.8 billion.

H.B. Fuller (NYSE: FUL) has introduced a new high-performance adhesive, Swift® tak 5730, designed for eco-friendly, liquid-resistant paper straws. This innovation aims to support manufacturers as global regulations phase out single-use plastics. Research indicates a 31% CAGR for paper straws in Europe over the next three years, highlighting increasing demand for sustainable solutions. The adhesive enhances productivity by enabling the production of 500 straws per minute and meets safety standards set by the BfR for food contact materials. H.B. Fuller continues to advocate for sustainable practices in the industry.

H.B. Fuller Company (NYSE: FUL) reported its fourth quarter and fiscal year results for 2020, showcasing a 5.2% increase in revenue to $778 million and an adjusted EPS of $1.06, up 21% year-over-year. The company achieved net income of $41 million, driven by strong operational execution and restructuring efficiencies. Full year net revenue was $2.79 billion, down 3.7% compared to 2019, primarily due to COVID-19 impacts. For 2021, H.B. Fuller forecasts low to mid-single digit organic revenue growth and aims to pay down an additional $200 million in debt.