FULLER H B CO SEC 10-Q Report

H.B. Fuller Company, a leading global adhesives provider, has released its Form 10-Q report for the third quarter of 2025. The report outlines the company's financial and operational performance, showcasing both challenges and achievements in a competitive market. The company operates through three main segments: Hygiene, Health and Consumable Adhesives; Engineering Adhesives; and Building Adhesive Solutions. This summary provides an overview of the key financial metrics and business activities for the quarter.

Financial Highlights

• Net Revenue: $892.0 million, a decrease of 2.8% from the third quarter of 2024. This decline was due to a 2.9% decrease in acquisitions/divestitures and a 1.9% decrease in sales volume, partially offset by a 1.0% increase due to positive currency effects and a 1.0% increase due to pricing.
• Gross Profit: $285.1 million, an increase of 3.4% from the third quarter of 2024, with a gross profit margin increase of 200 basis points primarily due to higher product pricing and the impact of acquisitions/divestitures.
• Operating Income: $110.1 million, up from $104.3 million in the third quarter of 2024, reflecting improved efficiency and cost management.
• Net Income Attributable to H.B. Fuller: $67.2 million, a 21.3% increase from $55.4 million in the third quarter of 2024, driven by higher gross profit and effective cost management.
• Diluted EPS: $1.22 per share, up from $0.98 per share in the third quarter of 2024, reflecting improved profitability and operational efficiency.

Business Highlights

• Revenue Segments: The company operates through three main segments:
  • Hygiene, Health and Consumable Adhesives: $386.1 million
  • Engineering Adhesives: $272.3 million
  • Building Adhesive Solutions: $233.7 million
• Geographical Performance:
  • Americas: $463.8 million
  • EIMEA (Europe, India, Middle East, and Africa): $270.0 million
  • Asia Pacific: $158.3 million
  The performance was influenced by currency fluctuations, with a stronger Euro, British pound, and Egyptian pound positively impacting results.
• Sales Units: There was a 1.9% decrease in sales volume in the third quarter of 2025 compared to the same period in 2024, which was partially offset by a 1.0% increase in product pricing.
• Future Outlook: The company expects to complete its restructuring plans by fiscal year 2026, aimed at optimizing operations and integrating acquired businesses. These plans are anticipated to incur costs of approximately $70 to $75 million, with the remaining costs to be spread across the next several fiscal quarters.

SEC Filing: FULLER H B CO [ FUL ] - 10-Q - Sep. 25, 2025