Q3 2025 H.B. Fuller Company Earnings Call Transcript
Key Points
- H.B. Fuller Co (FUL) achieved double-digit EPS growth and continued margin expansion despite a challenging operating environment.
- The company reported a 3% year-on-year increase in EBITDA to $171 million, with an EBITDA margin expansion to 19.1%, up 110 basis points year on year.
- Engineering Adhesives (EA) segment showed strong performance with a 14% increase in EBITDA and a 190 basis points expansion in EBITDA margin to 23.3%.
- The company successfully executed pricing and raw material cost actions, contributing to improved profitability.
- H.B. Fuller Co (FUL) reduced its net debt to adjusted EBITDA ratio from 3.4 times to 3.3 times, driven by solid cash flow from operations and growth in adjusted EBITDA.
- Organic sales were slightly negative, with a 0.9% decrease due to economic headwinds, including a 1.9% decline in volume.
- The company tightened its guidance range for the year due to a globally subdued economic backdrop.
- The Building Adhesive Solutions segment experienced a 1% year-on-year decrease in organic sales due to modest volume declines.
- The Asia-Pacific region saw a 4% year-on-year decline in organic revenue, primarily driven by a significant volume decline in the solar market.
- H.B. Fuller Co (FUL) anticipates continued challenges in volume growth and end market conditions, reflecting a slow growth environment.
Hello and welcome to the H.B. Fuller third-quarter 2025 earnings conference call.
(Operator Instructions)
I would now like to turn the conference over to Scott Jensen, Head of Investor Relations. You may begin.
Thank you, operator. Welcome to H.B. Fuller's third-quarter 2025 investor conference call.
Presenting today are Celeste Mastin, President and Chief Executive Officer and John Corkrean, Executive Vice President and Chief Financial Officer. After our prepared remarks, we will have a question-and-answer session.
Before we begin, let me remind everyone that our comments today will include references to certain non-GAAP financial measures. These measures are supplemental to the results determined in accordance with GAAP. We believe that these measures are useful to investors in understanding our operating performance and to compare our performance with other companies. Reconciliations of non-GAAP measures to the nearest GAAP measure are included in our
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