Fuller H B Co Stock Price, News & Analysis

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.

H.B. Fuller Company (NYSE: FUL) has declared a quarterly cash dividend of $0.1625 per share, scheduled for payment on February 18, 2021. Shareholders on record by the close of business on February 4, 2021 will receive this dividend. H.B. Fuller, a longstanding leader in adhesives, reported net revenue of $2.9 billion in fiscal 2019, demonstrating its commitment to innovation and customer connection across various industries.

H.B. Fuller Company (NYSE: FUL) plans to release its financial results for the fiscal year ending November 28, 2020, on January 25, 2021, after market close. A conference call will be held the following day at 9:30 a.m. CST to discuss these results and fiscal year 2021 planning assumptions. Interested parties can access the press release and live conference call via the company's website. The call will also feature a replay option available until February 2, 2021. In fiscal 2019, H.B. Fuller reported net revenue of $2.9 billion.

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.