H.B. Fuller Company reported a net revenue of $3.47 billion for the fiscal year ending November 29, 2025, reflecting a decrease of 2.7% compared to $3.57 billion in the previous year. The decline was attributed to a 2.1% decrease from acquisitions and divestitures, a 0.8% decrease in sales volume, and a 0.6% negative impact from currency fluctuations, partially offset by a 0.8% increase in product pricing. The company's gross profit margin improved to 31.1% from 29.8% in 2024, driven by higher pricing and lower raw material costs. Net income attributable to H.B. Fuller increased to $152 million, or $2.75 per diluted share, up from $130.3 million, or $2.30 per diluted share, in the prior year.
In 2025, H.B. Fuller underwent significant organizational changes, including the sale of its North America Flooring business and the reorganization of its operating segments. The company combined its Insulating Glass, Woodworking, and Composite businesses with its Construction Adhesives Roofing and Building Envelope and Infrastructure businesses to form the Building Adhesive Solutions segment. This restructuring was aimed at optimizing operations and integrating acquired businesses, with total costs expected to be between $80 million and $85 million.
Operationally, H.B. Fuller reported approximately 7,100 employees across 44 countries, with a notable presence in North America, Europe, and Asia Pacific. The company maintained a diverse customer base, with no single customer accounting for more than 10% of consolidated net revenue. The Hygiene, Health and Consumable Adhesives segment generated $1.55 billion in revenue, while Engineering Adhesives and Building Adhesive Solutions contributed $1.06 billion and $860 million, respectively. The company also reported a flat organic revenue growth rate, indicating stability in its pricing strategy despite fluctuations in sales volume.
Looking ahead, H.B. Fuller anticipates continued challenges related to raw material costs, which accounted for approximately 75% of its cost of sales in 2025. The company noted that a hypothetical 1% change in raw material costs could impact net income by approximately $12.6 million. Additionally, the company is focused on enhancing its product offerings and expanding its market presence, particularly in high-growth areas. H.B. Fuller is committed to monitoring market conditions and adjusting its strategies accordingly to drive future growth and profitability.
About FULLER H B CO
H.B. Fuller is a global manufacturer and marketer of adhesives, sealants, and specialty chemicals. Its core segments include Hygiene, Health and Consumable Adhesives, Engineering Adhesives, and Construction Adhesives. Serving diverse markets such as consumer goods, construction, automotive, aerospace, and electronics, the company emphasizes innovation, quality, and customer relationships across 35 countries, supporting sustainable growth through research, compliance, and operational excellence.
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