Fuller H B Co Stock Price, News & Analysis

H.B. Fuller Company (NYSE: FUL) has declared a quarterly cash dividend of $0.19 per share, payable on February 21, 2023, to shareholders of record as of February 7, 2023. This marks the 55th consecutive year the company has distributed quarterly dividends. In fiscal 2022, H.B. Fuller reported net revenues of $3.75 billion, reflecting its commitment to innovation and sustainable adhesive solutions across various industries including electronics, healthcare, and construction.

H.B. Fuller Company (NYSE: FUL) reported strong financial results for fiscal year 2022, with net revenue increasing by 14% to $3.75 billion, and adjusted EPS rising 15% to $4.00 per share. Despite challenges, including unfavorable foreign currency impacts reducing adjusted EPS by approximately 16%, the company experienced significant growth in adjusted EBITDA, reaching $530 million. For Q4 2022, net revenue was $958 million, a 7% year-on-year increase. However, the fourth quarter also reflected a slowdown in demand for Construction Adhesives and losses due to inflation and currency translation. The fiscal 2023 outlook predicts adjusted EBITDA of $580 million to $610 million and flat to a 3% revenue decline.

H.B. Fuller has launched Swift®melt 1515-I, a new bio-compatible adhesive for medical tape applications, specifically designed for high humidity and temperature conditions in India, the Middle East, and Africa. This product meets ISO 10993-5 standards for cytotoxicity, ensuring safety for medical use. The global market for medical tapes and bandages is projected to reach USD 8.59 billion by 2026, with USD 850.1 million attributed to India. The launch aims to leverage increasing demand driven by a rise in diseases and surgeries.

H.B. Fuller Company (NYSE: FUL) will report its financial results for the fiscal periods ending December 3, 2022, in a release after market close on January 18, 2023. An investor conference call is scheduled for January 19, 2023, at 9:30 a.m. CT (10:30 a.m. ET) to discuss these results. Interested parties can access the live webcast and a supplemental presentation on the company’s website. A telephone replay will be available from January 19 through January 26, 2023. H.B. Fuller reported net revenue of $3.3 billion in fiscal 2021.

H.B. Fuller Company (NYSE: FUL) has appointed Charles T. Lauber as an independent member of its board of directors, effective January 23, 2023. Lauber, currently the CFO of A. O. Smith Corporation, will contribute his extensive financial expertise to the audit and compensation committees. His track record includes improving profitability and steering growth through M&A, particularly in global markets like China and India. The company aims to leverage Lauber’s strategic insights to advance its profitable growth strategy.

H.B. Fuller Company (NYSE: FUL) has declared a quarterly cash dividend of $0.19 per share, payable on November 3, 2022, to shareholders recorded by October 20, 2022. This marks the 54th consecutive year of dividend payments, reflecting the company’s strong financial position and consistent cash flow amidst varying economic conditions. In fiscal 2021, H.B. Fuller reported net revenues of $3.3 billion, reinforcing its commitment to innovation and sustainable solutions across multiple industries.

H.B. Fuller Company (NYSE: FUL) announced the appointment of Celeste Mastin as the new President and CEO, effective December 4, 2022. Mastin, previously the Executive Vice President and COO, succeeds Jim Owens, who is retiring after 12 years of leadership. Under Owens, the company saw revenue and market value triple, shifting focus to higher-growth sectors like electronics and solar. The transition follows a multi-year succession planning process, with the board expressing confidence in Mastin's ability to advance the company's growth strategy.

H.B. Fuller Company (NYSE: FUL) reported a notable 13.8% net revenue growth and 18.4% organic growth year-on-year for Q3 2022, with net revenue reaching $941.2 million. Adjusted EPS rose to $1.06, a 34.2% year-on-year increase, while adjusted EBITDA was $137.7 million, reflecting a 24.4% increase. The company has raised its full-year adjusted EBITDA expectations to $540-$550 million. Despite economic headwinds, H.B. Fuller remains committed to double-digit EPS growth and margin expansion.

H.B. Fuller Company (NYSE: FUL) will announce its financial results for the fiscal period ending August 27, 2022, via a press release after market close on September 21, 2022. A conference call is scheduled for September 22, 2022, at 9:30 a.m. CT (10:30 a.m. ET) to discuss these results. Interested listeners can access the live webcast on the company's website, with pre-registration recommended. A telephone replay of the call will be available starting from 12:30 p.m. CT on September 22 until September 29, 2022.