H.B. Fuller Q2 2025 – EPS Up 5%, Net Revenue Down 2.1%

By Philip Seaworth • Thursday, June 26 10:18 • Permanent Link

H.B. Fuller Company (NYSE: FUL) has reported its financial results for the second quarter that ended on May 31, 2025. The company's reported EPS (diluted) was $0.76, while the adjusted EPS (diluted) stood at $1.18, marking a 5% increase year-on-year. Net income was reported at $42 million, with adjusted EBITDA reaching $166 million, also up 5% year-on-year. The adjusted EBITDA margin expanded by 130 basis points year-on-year to 18.4%.

The company's net revenue for the second quarter of fiscal 2025 was $898 million, representing a 2.1% decrease compared to the second quarter of fiscal 2024. However, when adjusting for the flooring divestiture, net revenue was up 2.8% year-on-year. Gross profit margin was reported at 31.9%, whereas the adjusted gross profit margin stood at 32.2%, marking an increase of 110 basis points year-on-year.

H.B. Fuller President and CEO Celeste Mastin commented on the company's strong financial performance, attributing it to the team's disciplined execution in a dynamic environment. The company reported a 5% increase in adjusted EPS, driven by higher adjusted net income and lower shares outstanding.

The company's net debt at the end of the second quarter of fiscal 2025 was $2,016 million, which was a decrease of $59 million sequentially versus the first quarter and an increase of $106 million year-on-year. The net debt-to-adjusted EBITDA decreased from 3.5x at the end of the first quarter of fiscal 2025 to 3.4x at the end of the second quarter of fiscal 2025.

Looking ahead, H.B. Fuller has updated its financial guidance for fiscal 2025. The company now expects net revenue for fiscal 2025 to be down 2% to 3%, with organic revenue expected to be flat to up 2%. Adjusted EBITDA for fiscal 2025 is now expected to be in the range of $615 million to $630 million, equating to growth of 4% to 6% year-on-year. Adjusted EPS (diluted) is expected to be in the range of $4.10 to $4.30, representing growth of 7% to 12% year-on-year, while fully diluted shares outstanding for fiscal 2025 are expected to be in the range of 55 million to 56 million.

The company will hold a conference call on June 26, 2025, at 9:30 a.m. CT (10:30 a.m. ET) to discuss its results. Interested parties may listen to the conference call on a live webcast via the company’s website.

H.B. Fuller is the largest pureplay adhesives company globally, with a mission to connect what matters through its innovative, functional coatings, adhesives, and sealants. The company's 2024 revenue stood at $3.6 billion, and it has more than 7,500 global team members collaborating with customers across over 30 market segments in more than 140 countries.

This article is based on the information provided in the press release from H.B. Fuller Company. Following these announcements, the company's shares moved -1.62%, and are now trading at a price of $55.96. For the full picture, make sure to review FULLER H B CO's 8-K report.

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