Welcome to our dedicated page for Fuller H B news (Ticker: FUL), a resource for investors and traders seeking the latest updates and insights on Fuller H B stock.
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.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
H.B. Fuller Company (NYSE: FUL) has announced an increase in its quarterly cash dividend from $0.19 to $0.205 per share, marking an 8% increase and the 54th consecutive year of dividend increases. This dividend will be payable on May 4, 2023, to shareholders of record as of April 20, 2023. In fiscal year 2022, H.B. Fuller reported net revenues of $3.75 billion, demonstrating its commitment to innovation and sustainable adhesive solutions across various industries.
H.B. Fuller Company (NYSE: FUL) reported first-quarter results, revealing a net income of $22 million and adjusted EBITDA of $110 million, at the high end of guidance. Total net revenue reached $809 million, down 5.5% year-on-year, attributed to a 2.5% drop in organic revenue due to lower volumes, despite favorable pricing that contributed 8.3 percentage points to organic growth.
The company initiated a restructuring plan aimed at cost savings of $30 to $35 million, while cash flow from operations improved by $23 million compared to last year. The forecast for full-year adjusted EBITDA remains $580 million to $610 million.
H.B. Fuller Company (NYSE: FUL) will report its financial results for the fiscal quarter ending March 4, 2023, in a press release on March 29, 2023, after market close. An investor conference call will take place on March 30, 2023, at 9:30 a.m. CT (10:30 a.m. ET) to discuss these results. Interested parties can access a live webcast through the company's website and must register in advance. A replay of the call will be available from 12:30 p.m. CT on March 30 until April 6, 2023. H.B. Fuller, established in 1887, focuses on providing innovative adhesive solutions, generating $3.75 billion in net revenue in fiscal 2022.