H.B. Fuller recently released financial results for the first quarter of 2026 that ended February 28, 2026. Net revenue for the first quarter of fiscal 2026 was $771 million, down 2.3% versus the first quarter of fiscal 2025. Pricing increased net revenue by 0.6%, which was more than offset by lower volume, resulting in a 6.6% organic revenue decline year-on-year. Foreign currency translation and the impact of acquisitions increased net revenue by 3.6% and 0.7%, respectively.

Gross profit in the first quarter of fiscal 2026 was $236 million. Adjusted gross profit was $241 million. Adjusted gross profit margin of 31.3% increased 170 basis points year-on-year. The net impact of pricing and raw material cost actions, cost savings associated with Quantum Leap, and the impact of acquisitions drove the year-on-year increase in adjusted gross profit margin.

“In the first quarter, we delivered on our profit commitment and executed with discipline in a challenging operating environment,” said Celeste Mastin, president and chief executive officer. “We continued to expand margins by leveraging our global sourcing strength and maintaining a focused approach to cost and portfolio management.”

“Looking ahead, the geopolitical instability in the Middle East adds significant complexity, disruption, and cost to global supply chains. H.B. Fuller is acting swiftly and decisively to ensure we are best positioned to maintain supply continuity for our customers. In addition, we recently announced a strategic pricing initiative to responsibly manage additional costs. This will allow us to further differentiate ourselves while we continue to advance our strategic priorities and create sustainable long-term value for our customers and shareholders.”

As a result of its year-to-date performance and current macroeconomic conditions, the company amended its financial guidance for fiscal 2026. H.B. Fuller now expects net revenue for fiscal 2026 to be up in the mid-single digits; organic revenue is expected to be up in the low-single digits, and the impact from foreign exchange is now expected to be positive 1% to 2%. Net revenue for the second quarter of 2026 is expected to be up in the low-single digits.

Learn more about H.B. Fuller and its products by visiting hbfuller.com.