H.B. Fuller Raises Full-Year Outlook After Second-Quarter Gains
Image courtesy of H.B. Fuller.
H.B. Fuller reported fiscal second-quarter net revenue of $950 million, up 5.8% from the prior-year period, and raised its full-year adjusted EBITDA and adjusted earnings-per-share outlook.
Organic revenue increased 2.6% year over year during the quarter ended May 30, 2026. A 3.0% increase from pricing more than offset a 0.4% decline in volume, while foreign currency translation added 3.1% to reported revenue.
Adjusted gross margin increased 200 basis points to 34.2%, which H.B. Fuller attributed primarily to pricing execution and restructuring savings. Adjusted EBITDA was $181 million, up 9% year over year, while adjusted EBITDA margin rose to 19.1% from 18.4%.
Reported net income was $68 million, compared with $42 million in the prior-year quarter. Diluted earnings per share were $1.23, while adjusted diluted earnings per share were $1.41, up 19% year over year.
Revenue increased across all three of the company’s operating segments. Hygiene, Health and Consumable Adhesives revenue rose 6.1% to $422 million. Engineering Adhesives revenue increased 2.5% to $283 million, while Building Adhesive Solutions revenue rose 9.4% to $245 million.
Celeste Mastin, president and CEO of H.B. Fuller, said the company’s global sourcing capabilities, pricing actions and Quantum Leap restructuring initiative supported supply continuity and financial performance during a dynamic market environment.
H.B. Fuller now expects full-year adjusted EBITDA of $650 million to $675 million and adjusted diluted earnings per share of $4.60 to $4.90. The company continues to expect net revenue growth in the mid-single digits and organic revenue growth in the low-single digits for fiscal 2026.
The company also reported record second-quarter operating cash flow of $121 million and said it repurchased 750,000 shares during the quarter.
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