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H.B. Fuller Company (FUL)
NYSE:FUL
Earnings Data
Report Date
Apr 01, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.56Last Year’s EPS
0.54Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted meaningful progress on profitability, margin expansion and successful M&A execution, with Q4 showing strong adjusted EPS (+39% YoY), EBITDA growth (+~15% YoY) and structural cost actions (pricing, raw-materials, Quantum Leap) that support management's 2026 EBITDA and EPS guidance. Offsetting these positives are ongoing top-line and volume pressures (organic revenue down 1.3% in Q4), a planned ramp-down of the solar business (~$30M headwind in 2026), muted construction and packaging end markets, and near-term cash/working-capital drag from transformation initiatives and seasonality (Chinese New Year timing). Overall, the company appears to be trading some near-term revenue growth for improved margins and long-term structural improvements, with management projecting flat to modest revenue growth but continued margin and profit expansion in 2026.Company Guidance
EPS and Profitability Expansion
Q4 adjusted EPS $1.28, up 39% year-over-year; Q4 adjusted EBITDA $170 million, up ~14.6-15% YoY; Q4 adjusted EBITDA margin 19%, up 290 basis points YoY; adjusted gross profit margin 32.5%, up 290 basis points YoY.
Strong Segment Margin Performance (EA and HHC)
Engineering Adhesives (EA) adjusted EBITDA up 17% YoY with EBITDA margin 23.5% (up 260 bps); EA organic revenue +2.2% in Q4 and ~7% excluding solar. H.B. Fuller Consumer (HHC) EBITDA up almost 30% YoY with margin improving 380 bps to 17.5%, driven by pricing, raw material savings and acquisitions.
M&A Execution and Contribution
Acquisitions from 2023-24 (8 companies) delivered $73 million of EBITDA in 2025 versus $41 million pre-acquisition (post-synergy purchase price multiple ~6.7x). GEM/Medifill revenue up ~15% and EBITDA up ~30% versus pre-acquisition 2024; targeted bolt-on fastener coating buys ($17M spend) expected to generate ~$3M EBITDA in 2026; pipeline intact for disciplined M&A cadence.
Pricing, Raw Material Actions and Quantum Leap Cost Savings
Combined price and raw-material benefits delivered about $30M in 2025 with an expected carryover and incremental benefit of ~$35M in 2026; Project Quantum Leap manufacturing/warehouse consolidation driving structural cost savings, with ~ $10M incremental savings expected in 2026 and additional long-term maintenance CapEx and inventory efficiency benefits.
Cash Flow and Balance Sheet Progress
Q4 cash flow from operations $107M, up 25% YoY; net debt / adjusted EBITDA improved to 3.1x (down from 3.3x sequentially); repurchased ~1 million shares in fiscal 2025 supporting EPS; 2026 operating cash flow guidance $275M–$300M.
Geographic and Product Wins
Asia Pacific organic revenue +3% in Q4 and excluding solar APAC +10%; China showed a rebound and is a green shoot; wins in LNG and data-center projects; glass product (4SG) grew 18% in 2025 despite a 6% decline in housing starts.
Corporate Recognition and Culture
Recognized externally: Newsweek named H.B. Fuller one of America's Most Admired Workplaces for 2026 and Forbes named the company one of America's Best Employers for engineers.
2026 Financial Guidance
Management expects 2026 net revenue flat to +2% (organic ~flat), adjusted EBITDA $630M–$660M, adjusted EPS $4.35–$4.70, continued margin expansion toward the >20% EBITDA target.
FUL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
FUL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 14, 2026 | $64.72 | $63.49 | -1.90% |
Jun 25, 2025 | $55.51 | $61.49 | +10.78% |
Mar 26, 2025 | $53.65 | $56.90 | +6.06% |
Jan 15, 2025 | $63.12 | $61.23 | -2.99% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does H.B. Fuller Company (FUL) report earnings?
H.B. Fuller Company (FUL) is schdueled to report earning on Apr 01, 2026, After Close (Confirmed).
What is H.B. Fuller Company (FUL) earnings time?
H.B. Fuller Company (FUL) earnings time is at Apr 01, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FUL EPS forecast?
FUL EPS forecast for the fiscal quarter 2026 (Q1) is 0.56.
