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 launched new adhesive grades with advanced hot melt technology for extreme cold storage of vaccines and medications. The Advantra® adhesives maintain secure bonds at temperatures as low as -70 C. These adhesives are essential for reliable pharmaceutical packaging under stringent storage conditions. The products, including Advantra® 9280 EU and Advantra® BOLD™ 9480, are now available globally. Extensive testing confirms their tamper evident capabilities, demonstrating fiber tear resistance even after prolonged storage at ultra-low temperatures.
H.B. Fuller Company (NYSE: FUL) has elected Teresa Rasmussen and Michael Happe as independent directors to its board, expanding it to 11 members. Rasmussen, CEO of Thrivent, brings extensive experience in organizational transformation, while Happe, CEO of Winnebago Industries, emphasizes growth through a strong corporate culture. Their appointments aim to enhance H.B. Fuller's strategic growth initiatives, supporting its commitment to innovation and market demands. Both directors will serve on the Audit and Compensation Committees, effective November 30, 2020, and January 20, 2021, respectively.
H.B. Fuller Company (NYSE:FUL) has priced a public offering of $300 million in 4.250% Notes due 2028, set to close around October 20, 2020. This offering, priced at 100% of principal, aims to repay a portion of the company's outstanding term loan and fund other corporate needs. Interest will be paid semi-annually. The company is utilizing an effective registration statement filed with the SEC. This move reflects H.B. Fuller's focus on maintaining strong financial health through strategic debt management.
H.B. Fuller Company (NYSE: FUL) announced an offering of senior notes to repay part of its outstanding term loan and for general corporate purposes. The offering is being managed by J.P. Morgan Securities, Morgan Stanley, and U.S. Bancorp Investments. This follows a prior registration statement filed with the SEC on January 24, 2020. Investors are encouraged to review the accompanying prospectus for comprehensive information. This announcement does not constitute an offer to sell the notes in jurisdictions where it would be unlawful.
H.B. Fuller Company (NYSE: FUL) declared a quarterly cash dividend of $0.1625 per share, payable on Oct. 29, 2020. This dividend will be distributed to shareholders on record by the close of business on Oct. 15, 2020. With fiscal 2019 net revenue of $2.9 billion, H.B. Fuller continues its legacy as a global adhesives leader, focusing on innovation and providing reliable service across diverse industries including electronics and clean energy.
H.B. Fuller Company (NYSE: FUL) reported Q3 2020 net income of $42 million, with adjusted EBITDA at $106 million, surpassing guidance due to strong organic sales and lower raw material costs. Despite a 2.5% decline in organic revenues, the company experienced growth in Hygiene and Health segments. Cash flow from operations rose 20% year-over-year, enabling $59 million in debt reduction. For Q4 2020, estimated revenues are expected to rise 4% to 7% sequentially, with adjusted EBITDA projected at $110-$115 million.
H.B. Fuller (NYSE: FUL) will release its financial results for the third quarter of 2020, covering the period ending Aug. 29, 2020. The press release will be available after market close on Sept. 23, 2020. A conference call to discuss these results is scheduled for Sept. 24, 2020, at 9:30 a.m. CDT. Interested parties can access the conference via a live webcast on the company's website. A replay of the call will be available shortly after it concludes and will remain accessible until Oct. 1, 2020.
H.B. Fuller Company (NYSE: FUL) declared a quarterly cash dividend of $0.165 per share, scheduled for payment on Aug. 6, 2020. Shareholders must be on record by the close of business on July 22, 2020. The company reported a fiscal 2019 net revenue of $2.9 billion, highlighting its position as a leading global adhesives provider. H.B. Fuller focuses on innovation and customer connections across various industries.
H.B. Fuller Company (NYSE: FUL) reported a net income of $32 million and adjusted EBITDA of $101 million for Q2 2020, surpassing guidance. Organic revenues saw a 7% decline due to COVID-19 impacts, yet Hygiene, Health, and Consumable Adhesives experienced a 7% revenue increase. The company achieved a 40% rise in year-to-date cash flow from operations and paid down $45 million in debt, staying on track to meet a $200 million repayment target. The dividend was raised for the 51st consecutive year, with expected annual restructuring savings of $55 to $65 million.
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