Fuller H B Co - FUL STOCK NEWS

H.B. Fuller (NYSE: FUL) has announced a 5.6% increase in its quarterly cash dividend, raising it from $0.2225 to $0.2350 per share of common stock. The dividend will be payable on May 13, 2025 to shareholders of record as of April 29, 2025. This marks the company's 56th consecutive year of dividend increases, demonstrating a long-standing commitment to returning value to shareholders.

H.B. Fuller (NYSE: FUL) has launched Millennium PG-1 EF ECO2, an innovative commercial roofing adhesive that utilizes a groundbreaking canister propellent technology. The product features patented ECO2 Driven™ technology, which uses naturally occurring atmospheric gases instead of chemical blowing agents, eliminating the need for high Global Warming Potential (GWP) propellants or Hydrofluoroolefins (HFOs).

This equipment-free, two-part low-rise foam adhesive offers both ribbon and spatter spray options, making it versatile for installing insulation board and fleece-backed roofing membranes. The canister-based system provides significant coverage per unit and supports recyclability. Compared to mechanical fastening, the adhesive eliminates thermal bridging, achieves high wind uplift ratings, and minimizes leak risks during re-roofing.

H.B. Fuller (NYSE: FUL) reported Q1 2025 financial results with net revenue of $789 million, down 2.7% year-on-year, while organic revenue grew 1.9%. The company posted net income of $13 million with diluted EPS of $0.24 and adjusted EPS of $0.54.

Key metrics include adjusted EBITDA of $114 million (down 7% year-on-year) and adjusted EBITDA margin of 14.5%. The company repurchased 678 thousand shares during the quarter. Gross margin stood at 28.8%, with adjusted gross margin at 29.6%, showing a slight decrease due to higher raw material costs.

For fiscal 2025, Fuller maintains its outlook with expected net revenue decline of 2-4%, organic revenue growth of 0-2%, and adjusted EBITDA between $600-625 million. The company projects adjusted EPS of $3.90-4.20, representing 2-9% year-on-year growth.

H.B. Fuller (NYSE: FUL) has scheduled the release of its first quarter 2025 financial results for the period ended March 1, 2025. The results will be announced after market close on March 26, 2025.

The company will host an investor conference call on March 27, 2025, at 9:30 a.m. CT (10:30 a.m. ET) to discuss the financial results. Investors can access the call through a live webcast available on the company's investor relations website. A supplemental presentation will also be provided.

Participants are advised to register at least 10 minutes before the call. A telephone replay will be available from 12:30 p.m. CT on March 27 until 10:59 p.m. CT on April 3, 2025, accessible via 1-800-770-2030 (toll free) or 1-609-800-9909 with Conference ID: 6370505.

H.B. Fuller (NYSE: FUL) has announced its Board of Directors' declaration of a regular quarterly cash dividend of $0.2225 per share of common stock. The dividend will be paid on February 20, 2025 to shareholders of record as of the close of business on February 6, 2025. The company highlighted its consistent track record of paying quarterly cash dividends, which has now extended to 57 consecutive years.

H.B. Fuller (NYSE: FUL) reported its fiscal year 2024 results with net revenue of $3.57 billion, up 1.6% year-on-year, while organic revenue decreased 1.0%. The company achieved net income of $130 million and adjusted EBITDA of $594 million, up 2.2% year-on-year, with margin expanding to 16.6%.

In Q4 2024, net revenue was $923 million, up 2.3% year-on-year, but the company reported a net loss of $7 million, including a $38 million non-cash impact from the Flooring divestiture. Adjusted EBITDA for Q4 was $148 million, down 14% year-on-year.

The company announced plans to reduce its manufacturing facilities from 82 to 55 by 2030 and North American warehouses from 55 to approximately 10 by 2027, expecting to generate $75 million in annualized cost savings. For fiscal 2025, H.B. Fuller projects adjusted EBITDA of $600-625 million and adjusted EPS of $3.90-4.20.

H.B. Fuller (NYSE: FUL) has released preliminary financial results for fiscal year 2024, revising its expectations downward. The company now projects net revenue of $3.57 billion, adjusted diluted EPS of $3.84, and adjusted EBITDA of $594 million, falling short of its previous EBITDA guidance of $610-620 million. Cash flow from operations is expected at approximately $300 million.

The fourth quarter performance was negatively impacted by weaker market conditions and delayed orders, particularly in consumer product goods, packaging, and durable goods distribution. Higher raw material costs, especially in Hygiene, Health and Consumable Adhesives, along with delayed customer order patterns shifting price increase realization into fiscal 2025, affected adjusted EBITDA. In response, the company is implementing new pricing actions, cost controls, and continuing restructuring initiatives to streamline manufacturing and SG&A.

H.B. Fuller Company (NYSE: FUL) announces agreements to acquire two medical adhesive technology companies: GEM S.r.l. and Medifill . Medifill, an Irish company, produces medical-grade cyanoacrylate adhesives for wound closure, while GEM, an Italian manufacturer, provides medical adhesives approved for over 80 internal indications. The combined companies are expected to generate €23 million in net revenue and €11.5 million in adjusted EBITDA in 2024. The acquisitions, valued at €180 million, will operate within Fuller's Hygiene, Health & Consumable Adhesives unit, with GEM's acquisition expected to close in February 2025.

H.B. Fuller (NYSE: FUL) announced the reorganization of its building and construction segments, including the sale of its Flooring business to Pacific Avenue Capital Partners for $80 million. The company is forming a new Building Adhesive Solutions (BAS) Global Business Unit, combining Insulated Glass, Woodworking, Composite segments with Roofing and Building Envelope and Infrastructure segments. The new BAS unit generated approximately $850 million in net revenue and $130 million in adjusted EBITDA in fiscal year 2024. The Flooring business divestiture will reduce annual revenue by $160 million and adjusted EBITDA by $15 million.