H.B. Fuller Company has recently released its 10-Q report, providing a detailed insight into its financial performance for the third quarter of 2025. The company, founded in 1887 and headquartered in Saint Paul, Minnesota, operates through three segments: Hygiene, Health and Consumable Adhesives; Engineering Adhesives; and Construction Adhesives. It formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, additives, and other specialty chemical products, selling directly to customers and through distributors and retailers across various global markets.
In the third quarter of 2025, H.B. Fuller reported a 2.8% decrease in net revenue compared to the same period in 2024. This decrease was primarily driven by a 2.9% decrease in acquisitions/divestitures and a 1.9% decrease due to sales volume, partially offset by a 1.0% increase due to positive currency effects and a 1.0% increase due to pricing. The company's gross profit margin increased by 200 basis points, primarily due to higher product pricing, lower distribution costs, and the impact of acquisitions/divestitures.
For the first nine months of 2025, net revenue decreased by 2.5% compared to the same period in 2024. This decrease was attributed to a 1.8% decrease in acquisitions/divestitures, a 1.1% decrease due to negative currency effects, and a 0.2% decrease due to sales volume, partially offset by a 0.6% increase due to pricing. The gross profit margin increased by 90 basis points, driven by higher pricing and the impact of acquisitions/divestitures.
Net income attributable to H.B. Fuller in the third quarter of 2025 was $67.2 million, marking a significant increase from $55.4 million in the third quarter of 2024. The diluted earnings per share for the third quarter of 2025 were reported at $1.22 per share, compared to $0.98 per share for the same period in 2024.
However, for the first nine months of 2025, net income attributable to H.B. Fuller decreased to $122.2 million from $137.6 million in the first nine months of 2024. The diluted earnings per share for the first nine months of 2025 were reported at $2.21 per share, compared to $2.43 per share for the same period in 2024.
Additionally, the company approved restructuring plans during the second and third quarters of 2023, expecting to incur costs of approximately $70.0 million to $75.0 million, which include cash expenditures for severance and related employee costs globally and other restructuring costs. As of August 30, 2025, the company had incurred costs of $69.7 million under the plans, which are expected to be completed during fiscal year 2026.
The report also provides detailed insights into various financial aspects such as cost of sales, gross profit, selling, general and administrative expenses, other income, interest expenses, income taxes, and income from equity method investments, offering a comprehensive view of H.B. Fuller's financial performance for the specified period. The market has reacted to these announcements by moving the company's shares -2.84% to a price of $57.585. For the full picture, make sure to review FULLER H B CO's 10-Q report.
