H.B. Fuller Reports Lower Net Revenue for First Quarter of 2025

H.B. Fuller recently reported financial results for its first quarter that ended March 1, 2025. The company’s net revenue for the quarter was $789 million, declining 2.7% year-on-year, due to unfavorable foreign currency translation and the divestiture of the flooring business. The company’s organic revenue was up 1.9% year-on-year driven by improved volume. Net income was $13 million; adjusted EBITDA was $114 million, down 7% versus last year, as expected, as volume growth and positive pricing was more than offset by higher raw material costs and variable compensation.

Gross profit in the first quarter of fiscal 2025 was $227 million. Adjusted gross profit was $233 million. Adjusted gross profit margin of 29.6% decreased 50 basis points year-on-year. While raw material cost inflation has started to moderate, it was still up year-on-year in the first quarter, resulting in the decline in adjusted gross margin.