H.B. Fuller reported improved profitability and margin expansion in Q4 FY2025, driven by pricing actions and cost management, despite a slight decline in net revenue. The company is positioned for continued margin improvement in FY2026.
Adjusted EBITDA increased 14.6% year-on-year to $170 million in Q4 FY2025.
positiveAdjusted EBITDA margin expanded 290 basis points year-on-year to 19.0% in Q4 FY2025.
positiveAdjusted EPS (diluted) increased 39.1% year-on-year to $1.28 in Q4 FY2025.
positiveFull year FY2025 Adjusted EBITDA margin expanded to 17.9%, up 130 basis points year-on-year.
positiveNet revenue decreased 3.1% year-on-year to $895 million in Q4 FY2025.
negativeOrganic revenue was flat year-on-year in FY2025, driven by 0.8% favorable pricing offset by 0.8% lower volume.
attentionNet working capital as a percentage of annualized net revenue increased 130 basis points year-on-year to 15.8% in Q4 FY2025, due to higher inventory days.
attentionQ1 2026 net revenue is expected to be down low single digits.
negativeMargin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.
| Segment | Current | Prior Yr | YoY | % Total |
|---|---|---|---|---|
Hygiene, Health and Consumable Adhesives | $1551789.0B | $1546545.0B | +1.2% | 44.7% |
Engineering Adhesives | $1061779.0B | $1009031.0B | +5.2% | 30.6% |
Building Adhesive Solutions | $860021.0B | $856503.0B | +0.5% | 24.8% |
| Total Revenue | $3473589.0B | — | — | 100.0% |
Segment performance shows business unit health and growth drivers.
Forward-looking guidance is subject to change and does not constitute a guarantee. Actual results may differ materially from these estimates.
Special items are non-recurring events that may distort period-over-period comparisons. Analysts typically adjust for these when calculating normalized earnings.
Execution and agility generated double-digit EPS growth and EBITDA at the top end of guidance.
Helped customers navigate an unpredictable economic backdrop and challenging demand landscape.
Strengthened partnerships and enhanced competitive positioning, reflected in improved profitability and sustained margin expansion.
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