Core Viewpoint - H.B. Fuller reported fourth-quarter adjusted earnings that exceeded analyst expectations, but shares declined over 3% in pre-market trading due to revenue falling slightly short of expectations [1]. Financial Performance - The company posted adjusted earnings per share of $1.28, surpassing the consensus estimate of $1.23 [2]. - Revenue totaled $894.8 million, slightly below expectations of $902.51 million, representing a 3.1% year-over-year decline; however, excluding the impact of the flooring divestiture, revenue increased by 0.9% [2]. Profitability Metrics - Adjusted EBITDA rose 14.6% year-over-year to $170 million, with the adjusted EBITDA margin expanding to 19.0%, an increase of 290 basis points from the prior year [3]. - The margin expansion was driven by favorable pricing actions, lower raw material costs, acquisition synergies, and restructuring initiatives [3]. Future Outlook - For fiscal 2026, H.B. Fuller expects revenue to be flat to up 2% compared to 2025 [4]. - The company projected adjusted EBITDA in the range of $630 million to $660 million and guided adjusted earnings per share between $4.35 and $4.70 [4].

January 15, 2026 Fourth Quarter 2025 H.B. Fuller Earnings Conference Call 1200 Willow Lake Blvd, St Paul, Minnesota 55110 www.hbfuller.com January 15, 2026 Disclosure Certain matters discussed today are 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 subjec ...

Core Viewpoint - H.B. Fuller Company reported strong earnings per share (EPS) but fell short on revenue expectations, reflecting mixed financial performance in the fourth quarter of 2025 [2][3]. Financial Performance - The company announced an EPS of $1.28, surpassing the estimated $1.24, and showing a significant increase from the previous year's EPS of $0.92 [2][6]. - Reported revenue was approximately $894.8 million, which was below the estimated $901.3 million, indicating a slight decline in sales [2][6]. - The revenue of $894.8 million represents a 3.1% decline compared to the same period last year; however, when adjusted for the flooring divestiture, net revenue increased by 0.9% year-on-year [3]. Profitability Metrics - The gross margin improved to 31.5%, with an adjusted gross margin of 32.5%, driven by favorable pricing and raw material cost actions [3]. Market Valuation - The company has a price-to-earnings (P/E) ratio of approximately 30.77, indicating how the market values its earnings [4]. - The price-to-sales ratio is nearly 1, suggesting that its market capitalization is roughly equal to its total sales [4]. - The enterprise value to sales ratio stands at about 1.56 [4]. Financial Health - The debt-to-equity ratio is about 1.06, reflecting the company's use of debt financing relative to equity [5][6]. - The current ratio is approximately 1.93, indicating the company's ability to cover short-term liabilities with short-term assets [5][6].

Core Insights - The Global Pressure Sensitive Adhesives Market is projected to grow at a CAGR of 3.96% from 2026 to 2032, increasing from USD 12.72 Billion in 2024 to USD 16.86 Billion by the end of the forecast period [1][3]. Market Dynamics - The market is driven by the growing demand for lightweight materials and advancements in adhesive technologies [2]. - There is a rising demand for flexible packaging solutions in industries such as food & beverages, pharmaceuticals, and e-commerce, which is fueling market expansion [4]. - Environmental awareness and regulations are pushing the market towards sustainable adhesive solutions, with a focus on bio-based and solvent-free alternatives [5][7]. Segment Analysis - The market is segmented by Product (Graphic Films, Labels, Tapes), Technology (Radiation-Cured, Hot Melt, Solvent-Based, Water-Based), and End-User (Automotive, Construction, Consumer Goods) [14][16]. Regional Insights - The Asia-Pacific region dominates the market due to industrialization, rising automobile production, and growth in packaging and electronics industries, with China and India leading in demand [12]. Industry Challenges - The market faces challenges from fluctuations in raw material prices, particularly petroleum-based polymers, which can affect production costs and profit margins [9]. - Regulatory compliance challenges related to the use of specific chemicals in adhesive formulations may impede market growth [10]. - Intense competition from alternative bonding technologies and a fragmented industry structure are significant challenges for profitability [11]. Key Players - Major players in the Global Pressure Sensitive Adhesives Market include Powerband, Ester Chemical Industries Pvt. Ltd, Franklin Adhesives & Polymers, Cattie Adhesives, Dyna-Tech Adhesives, Inc., Henkel AG & Co. KGaA, DowDuPont, Arkema (Bostik), Avery Dennison Corporation, and 3M [13].

Core Viewpoint - H.B. Fuller Company plans to report its financial results for the fiscal periods ending November 29, 2025, on January 14, 2026, and will hold an investor conference call on January 15, 2026, to discuss these results [1]. Financial Reporting - The financial results will cover both the three-month and twelve-month periods ending November 29, 2025 [1]. - The press release regarding the financial results will be issued after market close on January 14, 2026 [1]. Conference Call Details - The investor conference call is scheduled for January 15, 2026, at 9:30 a.m. CT (10:30 a.m. ET) [1]. - Interested parties can access the live webcast of the conference call through the company's website, with pre-registration required [2]. - A telephone replay of the conference call will be available from January 15, 2026, at 12:30 p.m. CT until January 22, 2026, at 10:59 p.m. CT [3]. Company Overview - H.B. Fuller is the largest pureplay adhesives company globally, with a revenue of $3.6 billion in 2024 [4]. - The company was founded in 1887 and employs over 7,500 team members, serving more than 30 market segments in over 140 countries [4]. - H.B. Fuller's mission is to enhance the quality, safety, and performance of everyday products through innovative coatings, adhesives, and sealants [4].

H.B. Fuller Company (NYSE: FUL) 2025 Investor Day Summary Company Overview - H.B. Fuller is the world's largest pure play adhesives company, focusing on accelerating growth, elevating its portfolio, and leading the industry through innovation and operational excellence [6][10][14]. Industry Insights - The adhesives and sealants industry is valued at $80 billion, with H.B. Fuller and two other public companies accounting for 25% of the market [14][17]. - Adhesives represent less than 2% of the end product cost but are critical for manufacturability and performance [15]. - The industry is highly fragmented, with many small private companies, providing consolidation opportunities for H.B. Fuller [18][19]. Strategic Focus - H.B. Fuller aims for greater than 20% EBITDA margins through strategic initiatives, including: - Share gains and product differentiation through innovation [56]. - Cost and capacity optimization via the Quantum Leap project, which involves closing 27 of 82 plants and migrating to 10 distribution centers [58][60]. - A disciplined M&A strategy targeting high-growth and high-margin segments [62][94]. Financial Performance - H.B. Fuller has expanded EBITDA margins by 340 basis points year-to-date through Q3 2024 [16]. - The company has acquired 11 companies since 2023, with a strong pipeline for future acquisitions [95][96]. Market Segments - The company operates in 31 global market segments, with no single segment exceeding 5% of total sales [34]. - Key growth segments include: - Hygiene, Health, and Consumables (HHC): Focused on basic consumer goods and medical adhesives [35][36]. - Engineered Adhesives (EA): Targeting high-tech industries such as automotive, aerospace, and electronics [49][50]. - Building Adhesive Solutions (BAS): Aimed at construction markets, emphasizing speed and ease of installation [52][53]. Innovation and R&D - H.B. Fuller invests $100 million annually in product development, creating 500 to 1,000 new SKUs per year [27]. - The company has expanded its technology platforms from 2 to over 30, increasing its technology-dependent total addressable market (TAM) from 43% to 92% of the industry [24]. Customer Relationships - H.B. Fuller serves approximately 28,000 customers, with over half of its SKUs being custom tailored for specific clients [28]. - The company emphasizes speed and service, often working with customers years in advance of product launches [32][47]. M&A Strategy - H.B. Fuller employs a disciplined M&A strategy, focusing on acquiring companies that enhance its growth and profitability [92][93]. - The company targets acquisitions that can be integrated quickly to realize synergies, typically reducing purchase multiples by 3 to 6 turns post-acquisition [94][96]. Conclusion - H.B. Fuller is well-positioned in a growing and fragmented adhesives market, leveraging its scale, innovation, and strategic acquisitions to drive future growth and profitability [20][21][62].

Core Insights - The global electric vehicle adhesives market is projected to grow from USD 2.4 billion in 2024 to USD 11.5 billion by 2035, with a compound annual growth rate (CAGR) of 24.5% from 2025 to 2035 [1][3]. Market Overview - Electric vehicle adhesives are essential for bonding various components of electric vehicles, including body panels, battery modules, electric motors, and electronic components [2]. - These adhesives offer advantages over traditional mechanical attachment methods, such as corrosion resistance, vibration damping, and weight reduction [2][3]. Growth Drivers - The increasing popularity of electric vehicles (EVs) is a significant driver for the electric vehicle adhesives market, as consumers prioritize sustainability and emission reduction [3]. - The shift towards lightweight materials in EV manufacturing aims to enhance vehicle range and efficiency, further driving the demand for electric vehicle adhesives [4]. - Government incentives, such as the Inflation Reduction Act and the Faster Adoption and Manufacturing of (Hybrid and) Electric Vehicles (FAME), are creating a favorable environment for the growth of the electric vehicle market [5]. Market Segmentation - The market can be segmented by form (liquid, film, tape, and others), resin type (epoxy, polyurethane, silicone, acrylic, and others), application (powertrain system, optical element, sensors and communication, body frame), vehicle type (electric cars, buses, bikes, trucks), substrate (plastic, composite, metals, and others), and region (North America, Europe, Asia Pacific, Middle East and Africa, South America) [9]. Key Players - Major companies in the electric vehicle adhesives market include Ashland Inc., H.B. Fuller, Jowat SE, PPG Industries, Sika AG, 3M, Wacker Chemie AG, Arkema S.A., Parker Hannifin Corporation, and Illinois Tool Works Inc. [9].

Core Insights - H.B. Fuller has launched a new global platform called Fuller Impact, aimed at aligning philanthropic investments with youth leadership and STEM-focused initiatives to strengthen communities through innovation and collaboration [1][2]. Group 1: Philanthropic Initiatives - Fuller Impact focuses on empowering communities, fostering youth leadership, and supporting STEM education globally, reflecting the company's commitment to social good [2][3]. - The foundation aims to broaden grant-giving and deepen its impact through strategic investments in communities, particularly in STEM education and youth leadership development [3][4]. Group 2: Employee Engagement - The company is enhancing employee volunteerism through initiatives like community affairs councils, service-oriented events, and matching donations, encouraging employees to contribute to local communities [4][5]. - In 2024, H.B. Fuller employees volunteered over 6,600 hours across 21 countries, supporting various initiatives including STEM learning and vocational training [5]. Group 3: Company Overview - H.B. Fuller is the largest pureplay adhesives company globally, with a revenue of $3.6 billion in 2024 and a workforce of 7,500 employees operating in over 140 countries [6].

Core Points - H.B. Fuller Company declared a regular quarterly cash dividend of $0.2350 per share of common stock [1] - The dividend is payable on October 30, 2025, to shareholders of record at the close of business on October 16, 2025 [1] - H.B. Fuller has a history of paying quarterly cash dividends for 57 consecutive years [1] Company Overview - H.B. Fuller is the largest pureplay adhesives company in the world [1] - The company is listed on the NYSE under the ticker symbol FUL [1]

Core Insights - Henkel AG & Co. KGaA operates in two main segments: industrial adhesives and household/personal care brands [1] Group 1: Business Segments - The industrial adhesives business is a significant part of Henkel's operations, contributing to its overall performance [1] - The household and personal care brands represent another crucial aspect of Henkel's portfolio, indicating a diversified business model [1]