H.B. Fuller Company reports developments in its global adhesives, sealants and functional coatings business under NYSE symbol FUL. News commonly covers quarterly and annual results, gross margin trends, pricing and raw-material cost actions, dividends on common stock, and portfolio or footprint initiatives tied to Project Quantum Leap.
The company serves packaging, converting, hygiene, health and beauty, construction, engineering and aerospace-related applications through specialty industrial adhesive technologies. Updates also include manufacturing investments, supply-continuity actions, and customer support for regulated markets such as aviation, space and defense.
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.
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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.