Positive Organic Sales Growth
Despite weak overall market conditions, H.B. Fuller reported a 1.9% year-on-year increase in organic revenue, driven primarily by positive volume trends.
Strong Performance in Engineering Adhesives
The Engineering Adhesives (EA) segment experienced a 16% increase in EBITDA and a 180 basis point improvement in EBITDA margin year on year to 18.7%, driven by favorable net pricing, raw material cost actions, and restructuring benefits.
Geographic Growth in Asia Pacific
Organic revenue in Asia Pacific increased by 7% year on year, with significant contributions from strength in China.
Share Repurchase Program
During the first quarter, H.B. Fuller repurchased 678,000 shares, with plans to continue share repurchase throughout the year on an opportunistic basis.
Innovation and Market Share Gains
H.B. Fuller achieved market share gains in the HHC segment, particularly in the hygiene market, through innovation such as a fluffless core product.