Fuller(FUL)

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Fuller(FUL) - 2023 Q4 - Annual Report
2024-01-23 16:00
Company Structure and Operations - The company operates in three reportable segments: Hygiene, Health and Consumable Adhesives, Engineering Adhesives, and Construction Adhesives[12]. - As of December 2, 2023, the company has sales offices and manufacturing plants in 25 countries outside the United States, with satellite sales offices in another 9 countries[13]. - The company has approximately 7,200 employees in 45 countries, with about 2,600 employees based in the U.S.[20]. Financial Investments and Expenditures - The company expects to invest approximately $21.4 million over the next two years to comply with environmental regulations, including about $0.9 million in capital expenditures[38]. - The purchase of raw materials is the largest expenditure for the company, with a hypothetical one percent change in raw material costs resulting in a change in net income of approximately $13.3 million or $0.24 per diluted share[201]. - The annual impact on interest expense of a one-percentage point interest rate change on the outstanding balance of variable rate debt would have resulted in a change in net income of approximately $5.3 million or $0.09 per diluted share[195]. Employee Compensation and Performance - The company emphasizes a "Pay for Performance" compensation strategy to align employee performance with business objectives[22]. - The company is committed to fair pay and conducts global pay equity assessments to ensure competitive compensation[23]. Research, Development, and Innovation - The company has a strong focus on research and development, aiming to create new adhesive technology platforms and improve product performance[35]. - The company monitors market trends related to sustainability and invests in innovation to meet changing consumer demands[37]. Customer Relationships and Market Exposure - The company has cultivated strong relationships with diverse customers, with no single customer accounting for more than 10% of consolidated net revenue[17]. - Approximately 56% of net revenue was generated outside of the United States in 2023, indicating significant international exposure[196]. Risk Management and Economic Conditions - Unfavorable economic conditions may negatively affect sales volumes, pricing levels, and profitability, particularly during recessionary periods[194]. - The company avoids sole source supplier arrangements for raw materials to mitigate supply chain risks[200]. - The company does not enter into speculative positions with regard to derivative instruments, focusing instead on minimizing risks from foreign currency exchange rate fluctuations[198]. - A hypothetical one percent change in cost of sales due to foreign currency rate changes would have resulted in a change in net income of approximately $9.4 million or $0.17 per diluted share[199]. - The company aims to balance non-functional currency denominated assets to liabilities to minimize foreign exchange impacts[197]. Governance and Oversight - The Board of Directors elects the executive officers annually, ensuring governance and oversight of company operations[46]. Environmental and Safety Commitment - The company has a strong environmental, health, and safety program, focusing on workplace safety and compliance with regulations[21].
Fuller(FUL) - 2023 Q3 - Quarterly Report
2023-09-27 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 2, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number: 001-09225 H.B. FULLER COMPANY (Exact name of registrant as specified in its charter) (State or other jurisdi ...
Fuller(FUL) - 2023 Q2 - Earnings Call Presentation
2023-06-29 14:38
Finland-based producer of ecological, innovative tapes and adhesives for cardboard and plywood industries • Included in EA's ACS segment, expand capacity outside the U.S., localizing manufacturing in Europe, enhancing supply chain efficiency, and reduces freight costs Minnesota-based contract research organization that is known for superior understanding of materials science, engineering and analytical testing Please refer to the Company's latest earnings release for all Regulation G reconciliations by clic ...
Fuller(FUL) - 2023 Q2 - Quarterly Report
2023-06-28 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 3, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number: 001-09225 H.B. FULLER COMPANY (Exact name of registrant as specified in its charter) (State or other jurisdiction ...
Fuller(FUL) - 2023 Q1 - Earnings Call Presentation
2023-03-30 17:55
Reaching New Heights H.B. Fuller Company First Quarter 2023 Conference Call MARCH 30, 2023 H.B. Fuller Connecting what matters." Disclosure Certain matters discussed today may be considered forward-looking statements within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements reflect our current expectations, and actual results may differ as they are subject to the kind ...
Fuller(FUL) - 2023 Q1 - Earnings Call Transcript
2023-03-30 17:55
H.B. Fuller Company (NYSE:FUL) Q1 2023 Earnings Conference Call March 30, 2023 10:30 AM ET Company Participants Steven Brazones - Investor Relations Celeste Mastin - President and Chief Executive Officer John Corkrean - Executive Vice President and Chief Financial Officer Conference Call Participants Ghansham Panjabi - Baird Vincent Anderson - Stifel David Begleiter - Deutsche Bank Lydia Huang - JPMorgan Mike Harrison - Seaport Research Partners Operator Good morning. My name is Colby and I will be your con ...
Fuller(FUL) - 2023 Q1 - Quarterly Report
2023-03-29 16:00
OR Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 4, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number: 001-09225 H.B. FULLER COMPANY (Exact name of registrant as specified in its charter) (State or other jurisdictio ...
Fuller(FUL) - 2022 Q4 - Annual Report
2023-01-23 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K Commission file number: 001-09225 H.B. FULLER COMPANY (Exact name of registrant as specified in its charter) (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) For the fiscal year ended December 3, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE ...
Fuller(FUL) - 2022 Q4 - Earnings Call Transcript
2023-01-19 16:45
H.B. Fuller Company (NYSE:FUL) Q4 2022 Earnings Conference Call January 19, 2023 10:30 AM ET Company Participants Steven Brazones - Vice President of Investor Relations Celeste Mastin - President & Chief Executive Officer John Corkrean - Executive Vice President & Chief Financial Officer Conference Call Participants Ghansham Panjabi - Baird Mike Harrison - Seaport Research Partners Vincent Anderson - Stifel David Begleiter - Deutsche Bank Jeff Zekauskas - JPMorgan Chase Eric Petrie - Citi Operator Good morn ...
Fuller(FUL) - 2022 Q3 - Earnings Call Transcript
2022-09-22 19:37
H.B. Fuller Company (NYSE:FUL) Q3 2022 Earnings Conference Call September 22, 2022 10:30 AM ET Company Participants Steven Brazones - Vice President of Investor Relations Jim Owens - President & Chief Executive Officer John Corkrean - Executive Vice President & Chief Financial Officer Conference Call Participants Vincent Anderson - Stifel Anthony Mercandetti - Deutsche Bank Mike Harrison - Seaport Research Partners Ghansham Panjabi - Baird Eric Petrie - Citi Rosemarie Morbelli - Gabelli Funds Operator Good ...