Edition:
United States

HB Fuller Co (FUL.N)

FUL.N on New York Stock Exchange

54.01USD
21 Jun 2018
Change (% chg)

$-0.51 (-0.94%)
Prev Close
$54.52
Open
$54.60
Day's High
$54.60
Day's Low
$53.54
Volume
135,357
Avg. Vol
125,250
52-wk High
$58.74
52-wk Low
$46.62

Latest Key Developments (Source: Significant Developments)

H.B. Fuller Announces Integration Related Restructuring Charges
Friday, 2 Mar 2018 12:51pm EST 

March 2 (Reuters) - HB Fuller Co ::H.B. FULLER ANNOUNCES INTEGRATION RELATED RESTRUCTURING CHARGES.HB FULLER CO - ‍INTEGRATION OF ROYAL & H.B. FULLER BUSINESSES IS EXPECTED TO RESULT IN DELIVERY OF $35 MILLION IN ANNUAL COST SYNERGIES BY FISCAL 2020​.HB FULLER CO - RESTRUCTURING PLAN INCLUDES SAVINGS FROM CLOSING 2 SMALL PRODUCTION FACILITIES, CONSOLIDATING UP TO 6 OTHER LOCATIONS INTO 3 LOCATIONS.HB FULLER CO - ‍ IN 2018, EXPECT TO INCUR CHARGES OF ABOUT $15 MILLION TO $20 MILLION RELATED TO RESTRUCTURING ACTIONS​.HB FULLER CO - ‍ROYAL INTEGRATION IS A THREE-YEAR PROJECT​.HB FULLER - RESTRUCTURING ACTIONS WILL FURTHER "ENHANCE' CO'S EFFICIENCY, ENABLE DELIVERY OF 2020 TARGET OF $600 MILLION EBITDA & CORRESPONDING DEBT PAYDOWN.  Full Article

H.B. Fuller Reports Q4 Loss Of $0.15/Share
Tuesday, 23 Jan 2018 10:49pm EST 

Jan 24 (Reuters) - HB Fuller Co ::H.B. FULLER REPORTS FOURTH QUARTER AND FISCAL YEAR 2017 RESULTS.Q4 REVENUE ROSE 18 PERCENT TO $678.2 MILLION.SEES FY 2018 ADJUSTED EARNINGS PER SHARE $3.10 TO $3.40 EXCLUDING ITEMS.Q4 LOSS PER SHARE $0.15.Q4 EARNINGS PER SHARE VIEW $0.84 -- THOMSON REUTERS I/B/E/S.SEES MORE THAN 30 PERCENT REVENUE GROWTH IN 2018 VERSUS 2017 FISCAL YEAR​.‍ORGANIC GROWTH ON PROFORMA REVENUE EXPECTED TO BE 6 TO 7 PERCENT FOR 2018 VERSUS 2017 FISCAL​.‍EXPECT CAPITAL EXPENDITURES TO BE AROUND $90 MILLION IN 2018, WHICH INCLUDES ABOUT $15 MILLION FOR INTEGRATION RELATED CAPITAL EXPENDITURES​.  Full Article

HB Fuller Co entered into term loan credit agreement ‍on Oct. 20​
Friday, 20 Oct 2017 04:38pm EDT 

Oct 20 (Reuters) - HB Fuller Co ::HB Fuller Co - ‍on October 20, co entered into a term loan credit agreement​.HB Fuller Co - ‍credit agreement provides for a new $2.2 billion term loan facility​.HB Fuller - ‍loans under term facility will rank Pari Passu in right of payment, security with loans under $400 million secured revolving credit agreement​.  Full Article

HB Fuller expects to amend credit facility to permit Royal Adhesives & Sealants deal
Thursday, 28 Sep 2017 11:00am EDT 

Sept 28 (Reuters) - Hb Fuller Co ::Expect to finance Royal Adhesives & Sealants deal,repayment at closing of term loan,private placement notes,with about $2.15 billion new financing​.Expect amending existing revolving credit facility,to permit Royal Adhesives & Sealants deal, add collateral securing co obligations-SEC filing​.  Full Article

H.B. Fuller reports third quarter 2017 results
Wednesday, 27 Sep 2017 09:30pm EDT 

Sept 27 (Reuters) - HB Fuller Co - :HB Fuller reports third quarter 2017 results.Q3 adjusted earnings per share $0.65.Q3 earnings per share view $0.67 -- Thomson Reuters I/B/E/S.Q3 earnings per share $0.49.Q3 revenue $562.9 million versus i/b/e/s view $555.3 million.Sees FY 2017 adjusted earnings per share $2.57 to $2.62.Narrowing 2017 adjusted eps guidance.Narrowed 2017 eps guidance reflects short term impact of hurricane Harvey.Expect capital investments to be around $50 million - below our previously announced $60 million in 2017.Constant currency growth, on a comparable 52-week basis, is now expected to be around 10 percent for 2017 versus 2016 fiscal year.  Full Article

American Securities agrees to sell Royal Ddhesives & Sealants to H.B. Fuller Company
Monday, 4 Sep 2017 09:45pm EDT 

Sept 5 (Reuters) - American Securities - :American Securities announces agreement to sell Royal Adhesives & Sealants to H.B. Fuller Company.American Securities LLC - Entered into a definitive agreement to sell Royal Adhesives & Sealants to H.B. Fuller Company for $1.575 billion.  Full Article

H.B. Fuller to buy Royal Adhesives & Sealants for $1.58 bln
Monday, 4 Sep 2017 08:09pm EDT 

Sept 4 (Reuters) - HB Fuller Co :H.B. Fuller announces agreement to acquire Royal Adhesives & Sealants.HB Fuller co says agreed purchase price is $1,575 million.H.B. Fuller intends to finance transaction through new debt financing.HB Fuller co says upon closing transaction, H.B. Fuller will be a company with nearly $2.9 billion in revenue.Identified $35 million in cost synergies, $15 million in growth synergies expected to be realized over next 3 years as result of merger.  Full Article

H.B. Fuller Co agrees to purchase Adecol
Tuesday, 18 Jul 2017 09:00am EDT 

July 18 (Reuters) - HB Fuller Co ::H.B. Fuller Company agrees to purchase Adecol.HB Fuller - signed an agreement to purchase adhesives company, Adecol Ind. Química, Limitada In Brazil.HB Fuller Co - company has agreed to pay 8 times the 2016 EBITDA for business.H.B. Fuller company agrees to purchase adecol‍​.  Full Article

HB Fuller sets regular quarterly cash dividend of $0.15/share
Thursday, 13 Jul 2017 01:21pm EDT 

July 13 (Reuters) - HB Fuller Co ::Sets regular quarterly cash dividend of $0.15 per share.  Full Article

H.B. Fuller reports Q2 adjusted earnings per share $0.62
Wednesday, 28 Jun 2017 08:29pm EDT 

June 28 (Reuters) - H.B. Fuller Co :Reports second quarter 2017 results.Q2 adjusted earnings per share $0.62.Q2 earnings per share view $0.67 -- Thomson Reuters I/B/E/S.Q2 earnings per share $0.50.Q2 revenue $561.7 million versus i/b/e/s view $571.8 million.Sees FY 2017 adjusted earnings per share $2.57 to $2.67.Says adjusted EBITDA for fiscal year 2017 is expected to be between approximately $290 million and $300 million.Expect to invest approximately $60 million in capital items in 2017.Says expect 2017 to provide another strong positive step forward in delivering 2020 strategic commitments.  Full Article

BRIEF-H.B. Fuller Increases Quarterly Dividend

* BOARD VOTED TO INCREASE QUARTERLY DIVIDEND FROM $0.15 PER SHARE OF COMMON STOCK TO $0.155 PER SHARE Source text for Eikon: Further company coverage: