H.B. Fuller (FUL) Q4 Non-GAAP EPS Beats Expectations, 2026 Outlook Flat
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 14 2026
0mins
Should l Buy FUL?
Source: seekingalpha
- Earnings Highlights: H.B. Fuller reported a Q4 Non-GAAP EPS of $1.28, beating expectations by $0.07, demonstrating resilience in profitability despite a 3.1% year-over-year revenue decline to $894.79 million, which missed estimates, reflecting challenges in the market environment.
- 2026 Outlook: The company anticipates flat to 2% growth in net revenue for 2026, with organic revenue expected to remain approximately flat compared to 2025, indicating a prudent strategy to maintain revenue stability amid uncertain market conditions.
- EBITDA Expectations: Adjusted EBITDA for 2026 is projected to range between $630 million and $660 million, with Q1 adjusted EBITDA expected to be between $110 million and $120 million, showcasing the company's efforts in cost control and operational efficiency improvements.
- Capital Expenditure Plans: Capital expenditures for 2026 are expected to be around $160 million, including approximately $50 million allocated for the company's manufacturing footprint consolidation initiative, aimed at optimizing production capacity and enhancing overall operational efficiency.
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Analyst Views on FUL
Wall Street analysts forecast FUL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FUL is 70.00 USD with a low forecast of 60.00 USD and a high forecast of 80.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
3 Buy
1 Hold
0 Sell
Strong Buy
Current: 65.390
Low
60.00
Averages
70.00
High
80.00
Current: 65.390
Low
60.00
Averages
70.00
High
80.00
About FUL
H.B. Fuller Company is a pureplay adhesives company. It operates as a formulator, manufacturer and marketer of adhesives, sealants and other specialty chemical products. Its Hygiene, Health and Consumable Adhesives segment manufactures and supplies adhesive products in the assembly, packaging, converting, nonwoven and hygiene, health and beauty, graphic arts and envelope markets. Its Engineering Adhesives segment produces and supplies industrial adhesives, such as reactive, light cure, two-part liquids, polyurethane, silicone, film and fast cure products. The Company's Construction Adhesives segment manufactures and provides specialty adhesives, sealants, mortars, grouts, and application devices for commercial building roofing systems, heavy infrastructure projects, road/highway/airport transportation applications, building envelope applications, heating, ventilation, and air conditioning (HVAC) insulation systems for both residential and commercial flooring underlayment solutions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
H.B. Fuller (NYSE:FUL) Declares $0.235 Quarterly Dividend, Marking 58 Years of Consistent Payouts
- Dividend Announcement: H.B. Fuller’s Board of Directors declared a quarterly cash dividend of $0.235 per share, payable on February 19, 2026, reflecting the company's ongoing financial health and commitment to shareholders.
- Consistent Dividend Record: With 58 consecutive years of quarterly cash dividends, H.B. Fuller demonstrates stable profitability and a strong focus on shareholder returns, which enhances investor confidence.
- Company Scale: As the largest pureplay adhesives company globally, H.B. Fuller anticipates revenues of $3.5 billion in 2025, underscoring its leadership position and market influence in the industry.
- Global Team: H.B. Fuller employs over 7,100 team members across more than 30 market segments in 150 countries, showcasing its robust global operational capabilities and commitment to innovation.
See More
H.B. Fuller (FUL) Q4 2025 Earnings: EBITDA Up 15% to $170 Million
- Performance Highlights: H.B. Fuller reported a 3.1% year-over-year decline in net revenue for Q4 2025, yet adjusted EBITDA reached $170 million, reflecting a 15% increase and showcasing the company's resilience and execution amid economic uncertainty.
- Margin Improvement: The adjusted gross profit margin increased to 32.5%, up 290 basis points year-over-year, primarily driven by pricing strategies, raw material cost management, and synergies from acquisitions, enhancing the company's profitability.
- Future Outlook: The company anticipates flat to 2% growth in net revenue for fiscal 2026, with adjusted EBITDA guidance set between $630 million and $660 million, indicating management's confidence in future growth.
- Strategic Initiatives: The launch of the Quantum Leap initiative aims to consolidate manufacturing and warehousing to improve cost structure, while recent acquisitions in medical adhesives and fastener coating systems further strengthen market competitiveness.
See More
H.B. Fuller Reports Q4 Net Income of $29.73M, Adjusted EPS of $1.28
- Profit Reversal: H.B. Fuller reported a fourth-quarter net income of $29.73 million, or $0.54 per share, a significant recovery from a net loss of $7.36 million last year, indicating a rebound in profitability.
- Adjusted Performance: The adjusted net income reached $71 million, with an adjusted EPS of $1.28, reflecting a 39.1% year-on-year increase, showcasing the company's success in cost management and pricing strategies.
- Revenue Trends: The fourth-quarter net revenue was $894.79 million, down 3.1% year-on-year, primarily due to a 2.5% decline in volume, although pricing actions contributed to a 1.2% organic revenue increase, highlighting competitive market pressures.
- Future Outlook: The company expects net revenue for fiscal 2025 to be flat to up 2%, with first-quarter net revenue anticipated to decline in low single digits, indicating ongoing challenges in the market environment.
See More
H.B. Fuller (FUL) Q4 Non-GAAP EPS Beats Expectations, 2026 Outlook Flat
- Earnings Highlights: H.B. Fuller reported a Q4 Non-GAAP EPS of $1.28, beating expectations by $0.07, demonstrating resilience in profitability despite a 3.1% year-over-year revenue decline to $894.79 million, which missed estimates, reflecting challenges in the market environment.
- 2026 Outlook: The company anticipates flat to 2% growth in net revenue for 2026, with organic revenue expected to remain approximately flat compared to 2025, indicating a prudent strategy to maintain revenue stability amid uncertain market conditions.
- EBITDA Expectations: Adjusted EBITDA for 2026 is projected to range between $630 million and $660 million, with Q1 adjusted EBITDA expected to be between $110 million and $120 million, showcasing the company's efforts in cost control and operational efficiency improvements.
- Capital Expenditure Plans: Capital expenditures for 2026 are expected to be around $160 million, including approximately $50 million allocated for the company's manufacturing footprint consolidation initiative, aimed at optimizing production capacity and enhancing overall operational efficiency.
See More
Earnings Preview: Compass Diversified and Others Set to Report After Bell
- Earnings Release Preview: Compass Diversified (CODI) is set to report earnings after the bell on Wednesday, with market expectations focusing on the effectiveness of its diversified investment strategy.
- Industry Focus: Calavo Growers (CVGW) will be closely watched as investors look for insights into how its performance in the fresh produce market impacts overall revenue.
- Market Dynamics: H.B. Fuller Company (FUL) will provide crucial data on its competitiveness in the construction and industrial adhesives market, potentially influencing future market expectations.
- Banking Sector Performance: The earnings reports from Home Bancshares (HOMB) and RF Industries, Ltd. (RFIL) will offer investors the latest insights into the banking and industrial products markets, aiding in the assessment of economic recovery progress.
See More
H.B. Fuller (FUL) to Report Q4 Earnings with EPS Estimate of $1.21 and Revenue of $901.34M
- Earnings Announcement: H.B. Fuller is set to announce its Q4 earnings on January 14, with a consensus EPS estimate of $1.21, reflecting a 31.5% year-over-year increase, indicating a positive trend in profitability.
- Revenue Expectations: The anticipated revenue for Q4 is $901.34 million, representing a 2.4% year-over-year decline, which highlights the challenges the company faces in the current market environment that may impact overall performance.
- Historical Performance: Over the past two years, H.B. Fuller has beaten EPS estimates 63% of the time and revenue estimates 38% of the time, demonstrating relative stability in meeting earnings forecasts.
- Estimate Revisions: In the last three months, there has been one upward revision in EPS estimates with no downward adjustments, suggesting analysts have increased confidence in the company's future profitability.
See More
H.B. Fuller (NYSE:FUL) Declares $0.235 Quarterly Dividend, Marking 58 Years of Consistent Payouts
- Dividend Announcement: H.B. Fuller’s Board of Directors declared a quarterly cash dividend of $0.235 per share, payable on February 19, 2026, reflecting the company's ongoing financial health and commitment to shareholders.
- Consistent Dividend Record: With 58 consecutive years of quarterly cash dividends, H.B. Fuller demonstrates stable profitability and a strong focus on shareholder returns, which enhances investor confidence.
- Company Scale: As the largest pureplay adhesives company globally, H.B. Fuller anticipates revenues of $3.5 billion in 2025, underscoring its leadership position and market influence in the industry.
- Global Team: H.B. Fuller employs over 7,100 team members across more than 30 market segments in 150 countries, showcasing its robust global operational capabilities and commitment to innovation.
See More
H.B. Fuller (FUL) Q4 2025 Earnings: EBITDA Up 15% to $170 Million
- Performance Highlights: H.B. Fuller reported a 3.1% year-over-year decline in net revenue for Q4 2025, yet adjusted EBITDA reached $170 million, reflecting a 15% increase and showcasing the company's resilience and execution amid economic uncertainty.
- Margin Improvement: The adjusted gross profit margin increased to 32.5%, up 290 basis points year-over-year, primarily driven by pricing strategies, raw material cost management, and synergies from acquisitions, enhancing the company's profitability.
- Future Outlook: The company anticipates flat to 2% growth in net revenue for fiscal 2026, with adjusted EBITDA guidance set between $630 million and $660 million, indicating management's confidence in future growth.
- Strategic Initiatives: The launch of the Quantum Leap initiative aims to consolidate manufacturing and warehousing to improve cost structure, while recent acquisitions in medical adhesives and fastener coating systems further strengthen market competitiveness.
See More
H.B. Fuller Reports Q4 Net Income of $29.73M, Adjusted EPS of $1.28
- Profit Reversal: H.B. Fuller reported a fourth-quarter net income of $29.73 million, or $0.54 per share, a significant recovery from a net loss of $7.36 million last year, indicating a rebound in profitability.
- Adjusted Performance: The adjusted net income reached $71 million, with an adjusted EPS of $1.28, reflecting a 39.1% year-on-year increase, showcasing the company's success in cost management and pricing strategies.
- Revenue Trends: The fourth-quarter net revenue was $894.79 million, down 3.1% year-on-year, primarily due to a 2.5% decline in volume, although pricing actions contributed to a 1.2% organic revenue increase, highlighting competitive market pressures.
- Future Outlook: The company expects net revenue for fiscal 2025 to be flat to up 2%, with first-quarter net revenue anticipated to decline in low single digits, indicating ongoing challenges in the market environment.
See More
H.B. Fuller (FUL) Q4 Non-GAAP EPS Beats Expectations, 2026 Outlook Flat
- Earnings Highlights: H.B. Fuller reported a Q4 Non-GAAP EPS of $1.28, beating expectations by $0.07, demonstrating resilience in profitability despite a 3.1% year-over-year revenue decline to $894.79 million, which missed estimates, reflecting challenges in the market environment.
- 2026 Outlook: The company anticipates flat to 2% growth in net revenue for 2026, with organic revenue expected to remain approximately flat compared to 2025, indicating a prudent strategy to maintain revenue stability amid uncertain market conditions.
- EBITDA Expectations: Adjusted EBITDA for 2026 is projected to range between $630 million and $660 million, with Q1 adjusted EBITDA expected to be between $110 million and $120 million, showcasing the company's efforts in cost control and operational efficiency improvements.
- Capital Expenditure Plans: Capital expenditures for 2026 are expected to be around $160 million, including approximately $50 million allocated for the company's manufacturing footprint consolidation initiative, aimed at optimizing production capacity and enhancing overall operational efficiency.
See More
Earnings Preview: Compass Diversified and Others Set to Report After Bell
- Earnings Release Preview: Compass Diversified (CODI) is set to report earnings after the bell on Wednesday, with market expectations focusing on the effectiveness of its diversified investment strategy.
- Industry Focus: Calavo Growers (CVGW) will be closely watched as investors look for insights into how its performance in the fresh produce market impacts overall revenue.
- Market Dynamics: H.B. Fuller Company (FUL) will provide crucial data on its competitiveness in the construction and industrial adhesives market, potentially influencing future market expectations.
- Banking Sector Performance: The earnings reports from Home Bancshares (HOMB) and RF Industries, Ltd. (RFIL) will offer investors the latest insights into the banking and industrial products markets, aiding in the assessment of economic recovery progress.
See More
H.B. Fuller (FUL) to Report Q4 Earnings with EPS Estimate of $1.21 and Revenue of $901.34M
- Earnings Announcement: H.B. Fuller is set to announce its Q4 earnings on January 14, with a consensus EPS estimate of $1.21, reflecting a 31.5% year-over-year increase, indicating a positive trend in profitability.
- Revenue Expectations: The anticipated revenue for Q4 is $901.34 million, representing a 2.4% year-over-year decline, which highlights the challenges the company faces in the current market environment that may impact overall performance.
- Historical Performance: Over the past two years, H.B. Fuller has beaten EPS estimates 63% of the time and revenue estimates 38% of the time, demonstrating relative stability in meeting earnings forecasts.
- Estimate Revisions: In the last three months, there has been one upward revision in EPS estimates with no downward adjustments, suggesting analysts have increased confidence in the company's future profitability.
See More
