The company reported net revenue for fiscal 2021 of $3.3 billion.
H.B. Fuller Co. recently reported financial results for its fourth quarter and fiscal year ended November 27, 2021. The fourth quarter’s net revenue reached $897 million, a 15.4% increase compared with the fourth quarter of 2020. Foreign currency exchange rates favorably impacted revenue by 0.5%. Organic revenue, which excludes impacts from foreign currency translation, increased 14.9% vs. last year, with double-digit organic growth in all three global business units (GBUs). Organic revenue increased by more than 20% when compared with the non-COVID-impacted fourth quarter of 2019.
“Our business momentum continued in the fourth quarter with 15% organic revenue growth and improved margin performance,” said Jim Owens, H.B. Fuller’s president and CEO. “We successfully executed on our 2021 priorities of volume growth, pricing to value and greater productivity. We drove double-digit organic revenue growth relative to both 2019 and 2020, and we further improved our net debt to EBITDA ratio.”