H.B. Fuller Reports $3.57B Revenue for 2024

By Bobby Samwell • Wednesday, March 19 15:13 • Permanent Link

H.B. Fuller, a leading global adhesives provider, has released its segment financial information for the fiscal year ended November 30, 2024. The company reported net revenue of $3.57 billion for the year, with the Hygiene, Health and Consumable Adhesives segment leading the way at $1.55 billion, followed by Engineering Adhesives at $1.01 billion and Building Adhesive Solutions at $856.5 million.

In terms of segment operating income, the company reported a total of $348.2 million for the year. The Hygiene, Health and Consumable Adhesives segment contributed $184.7 million, while Engineering Adhesives and Building Adhesive Solutions contributed $144.5 million and $75.9 million, respectively.

Adjusted EBITDA for the year was $593.9 million, with the Hygiene, Health and Consumable Adhesives segment leading at $245.8 million, followed by Engineering Adhesives at $200.5 million and Building Adhesive Solutions at $133.2 million.

Looking at the adjusted EBITDA margin, the Hygiene, Health and Consumable Adhesives segment reported a margin of 15.9%, Engineering Adhesives at 19.9%, and Building Adhesive Solutions at 15.5%.

Comparing these figures to the fiscal year ended December 2, 2023, the company saw an increase in net revenue from $3.51 billion to $3.57 billion, segment operating income from $355.1 million to $348.2 million, and adjusted EBITDA from $580.8 million to $593.9 million.

For the fourth quarter of 2024, H.B. Fuller reported net revenue of $923.3 million, compared to $902.9 million in the fourth quarter of 2023. The segment operating income for the fourth quarter of 2024 was $113.4 million, compared to $113.4 million in the fourth quarter of 2023. Adjusted EBITDA for the fourth quarter of 2024 was $148.3 million, compared to $145.5 million in the fourth quarter of 2023.

These figures indicate the company's continued growth and stability in its segments, demonstrating its ability to generate revenue and maintain profitability over the years. The market has reacted to these announcements by moving the company's shares -1.8% to a price of $53.44. For more information, read the company's full 8-K submission here.

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