Fuller H B Co Stock Price, News & Analysis

H.B. Fuller Company (NYSE: FUL) announced its 2022 Analyst and Investor Day on April 13, 2022, from 8 a.m. to 11:30 a.m. CT in St. Paul, MN. The event will feature remarks from President and CEO James Owens and other management team members. Topics will include the company’s strategic financial model and innovation in adhesives and specialty chemicals. The event will be accessible via webcast on H.B. Fuller’s investor website. Founded in 1887, H.B. Fuller generated $3.3 billion in net revenue in fiscal 2021, focusing on sustainable adhesive solutions.

H.B. Fuller Company (NYSE: FUL) has announced a 13% increase in its quarterly dividend, raising it from $0.1675 to $0.19 per share, effective May 5, 2022. This marks the 53rd consecutive year of dividend increases, reflecting the company's strong financial position. Additionally, the Board has authorized a new $300 million share repurchase plan to be executed over the next five years. This initiative aims to enhance shareholder value and demonstrates ongoing confidence in the company’s growth prospects.

H.B. Fuller Company (NYSE: FUL) reported strong first-quarter results for fiscal 2022, with net revenue of $857 million, an 18% increase year-over-year. The adjusted EPS rose to $0.80, a 21% increase, while adjusted EBITDA was $113 million, up 12%. Organic revenue growth of 21% was attributed to strong volume and pricing gains across all Global Business Units. The company has raised its fiscal 2022 guidance, anticipating adjusted EBITDA between $530 to $550 million and organic revenue growth of 15% to 20%. However, rising raw material costs and inflationary pressures remain concerns.

H.B. Fuller (NYSE: FUL) has partnered with Richard Rawlings, owner of Gas Monkey Garage, to promote the Gorilla Professional Grade product line in the US and Canada. Rawlings will serve as a spokesperson, featuring the products in videos, social media, and public events. The collaboration aims to disrupt the maintenance, repair, and operations (MRO) industry, traditionally dominated by legacy brands. The partnership includes a custom service vehicle project showcased in a video series. This initiative targets maintenance professionals and highlights GorillaPro's innovative tools.

H.B. Fuller Company (NYSE: FUL) will announce its financial results for the period ending February 26, 2022, on March 23, 2022, after market close. A conference call to discuss these results and fiscal year 2022 planning will take place on March 24, 2022, at 9:30 a.m. CT. Interested parties can access the live webcast and supplemental presentation via the company’s website. A telephone replay of the call will be available from March 23 to March 31, 2022. H.B. Fuller has been a leader in adhesives with $3.3 billion in net revenue for 2021.

H.B. Fuller Company (NYSE: FUL) has joined the 4evergreen alliance, a collaborative initiative aimed at enhancing the circularity of fiber-based packaging. The alliance, comprising around 90 organizations, seeks to raise the recycling rate of such packaging to 90% by 2030, contributing to sustainability goals. H.B. Fuller emphasizes its commitment to innovation in adhesives that enable better recycling practices. Notable products include the Sesame® sustainable tear tape and palletizing adhesives that reduce plastic use. This move aligns with H.B. Fuller’s sustainability strategy and growing consumer demand for eco-friendly products.

H.B. Fuller Company (NYSE: FUL) announced the appointment of Celeste Mastin as executive vice president and chief operating officer, effective March 7, 2022. Mastin, with over 30 years in manufacturing and distribution, succeeded Ted Clark, who will transition to a strategic advisory role. This succession aims to ensure continuity in H.B. Fuller’s strategic plan, which has driven notable growth. Mastin’s previous role as CEO of PetroChoice positions her to enhance operational leadership and further propel the company’s growth and profitability.

H.B. Fuller has finalized the acquisition of Apollo, the UK's largest independent liquid adhesive manufacturer, for $211 million. Apollo, expected to generate £42 million in revenue and £11 million in EBITDA in 2022, will enhance H.B. Fuller's position in high-margin markets in the UK and Europe. This acquisition follows the earlier purchase of Fourny nv, and both companies are expected to generate $8 million in annual synergies by 2024. The integration is anticipated to be accretive to H.B. Fuller's earnings in the first year, supporting long-term growth and market expansion.