H.B. Fuller Q3 Beats: Adjusted EPS $1.52, Raises FY26 EBITDA Guidance to $655M-$670M
FUL is trading near its 52-week low of $48.6 (1.9% above the low) on elevated volume (2.6× avg).
Summary
H.B. Fuller reported Q3 adjusted EPS of $1.52, up 21% year-over-year, with record adjusted EBITDA margin of 19.9%. The company raised full-year adjusted EBITDA guidance to $655M-$670M and adjusted EPS to $4.70-$4.85.
Key Events · Earnings and Guidance · FUL
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Q3 Adjusted EPS Up 21%
Adjusted diluted EPS of $1.52 versus $1.26 a year ago, driven by pricing execution and restructuring savings. Reported EPS was $1.44.
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Record Adjusted EBITDA Margin
Adjusted EBITDA of $187M, up 9% year-over-year, with margin expanding 80 basis points to a record 19.9%. Organic revenue grew 4.4%.
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FY26 Guidance Raised
Adjusted EBITDA guidance raised to $655M-$670M and adjusted EPS to $4.70-$4.85. Core tax rate expected at 25.5%-26.0%.
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Leverage Improves to 3.0X
Net debt of $1,957M with net debt-to-adjusted EBITDA of 3.0X, down from 3.3X a year ago. Year-to-date operating cash flow of $183M, up 17%.
Analysis · FUL · Industrial Applications And Services
H.B. Fuller delivered a strong third quarter with adjusted EPS of $1.52, up 21% year-over-year, and record adjusted EBITDA margin of 19.9%. The company raised its full-year adjusted EBITDA guidance to $655M-$670M and adjusted EPS to $4.70-$4.85, reflecting pricing execution and restructuring savings. Net debt-to-adjusted EBITDA improved to 3.0X from 3.3X a year ago, and the company reiterated its expectation to close the AMS acquisition before year-end. This comes amid activist pressure from Ancora, whose non-binding proposal for the Building Adhesive Solutions segment was rejected by the board in August.
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At the time of this filing, FUL was trading at $49.50 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $2.7B. The 52-week trading range was $48.60 to $68.63. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.