Fuller H B Co Stock Price, News & Analysis

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.

H.B. Fuller Company (NYSE: FUL) declared a quarterly cash dividend of $0.1675 per share, payable on February 23, 2022, to shareholders of record on February 9, 2022. This marks the 54th consecutive year of dividend payments for the company, which generated $3.3 billion in net revenue in fiscal 2021. H.B. Fuller is a leading global adhesives provider, dedicated to innovation across various industries.

H.B. Fuller Company (NYSE: FUL) reported a strong Q4 and full year 2021, with a 15% revenue growth year-over-year in Q4, totaling $897 million. Net income for the quarter was $65 million or $1.18 EPS, with adjusted EPS at $1.09. The company anticipates double-digit organic revenue growth of 10-15% for fiscal 2022, with adjusted EPS guidance of $4.00 to $4.25. The debt leverage improved to 3.3x adjusted EBITDA, indicating solid financial health despite ongoing raw material inflation challenges.

H.B. Fuller Company (NYSE: FUL) plans to release its financial results for the three-month and fiscal year periods ending Nov. 27, 2021. The press release will be issued after market close on Jan. 19, 2022, followed by a conference call on Jan. 20, 2022, at 9:30 a.m. CST. Interested participants can access the call via a live webcast on the company's website. A telephone replay will be available from 12:30 p.m. CST on Jan. 20 until 10:59 p.m. CST on Jan. 27.

H.B. Fuller (NYSE: FUL) has elected Dr. Srilata Zaheer as an independent board member, effective April 6, 2022. Dr. Zaheer will also serve on the Audit and Compensation Committees. With extensive experience in international business strategy, particularly in China and India, she aims to bolster H.B. Fuller's growth. Currently Dean at the University of Minnesota's Carlson School of Management, Dr. Zaheer's insights on global business will strengthen the company's strategy. H.B. Fuller reported net revenue of $2.8 billion in fiscal 2020.

H.B. Fuller Company (NYSE: FUL) announced a quarterly cash dividend of $0.1675 per share, payable on Oct. 28, 2021. Shareholders on record by the close of business on Oct. 14, 2021 will receive this dividend. The company has consistently delivered cash dividends for 53 consecutive years, indicating strong financial health and commitment to returning value to shareholders. In fiscal 2020, H.B. Fuller reported net revenue of $2.8 billion, showcasing its significant market presence in the adhesives and specialty chemical sectors.