H.B. Fuller Company (FUL) Q3 FY2026 earnings

Reported results

• Net revenue $938 million, up 5.2% year-on-year; organic revenue up 4.4% year-on-year
• Gross margin 33.2%; adjusted gross margin 33.5%, up 120 basis points year-on-year
• Net income $79 million; adjusted EBITDA $187 million, up 9% year-on-year; adjusted EBITDA margin 19.9%, up 80 basis points year-on-year
• Reported EPS (diluted) $1.44; adjusted EPS (diluted) $1.52, up 21% year-on-year
• Net debt $1,957 million, approximately flat year-on-year; net debt-to-adjusted EBITDA 3.0X, down from 3.3X year-on-year

Guidance

• Fiscal 2026 net revenue expected to be up mid-single digits; organic revenue expected to be up low-single digits
• Adjusted EBITDA for fiscal 2026 expected to be in the range of $655 million to $670 million
• Adjusted EPS (diluted) for fiscal 2026 expected to be in the range of $4.70 to $4.85
• Core tax rate, excluding discrete items, expected to be in the range of 25.5% to 26.0%
• Cash flow from operations for fiscal 2026, excluding AMS-related items, expected to be in the range of $300 million to $325 million

Notes

Foreign exchange impact on fiscal 2026 net revenue now expected to be approximately 2%. The company is updating previously communicated guidance based on year-to-date performance. The AMS acquisition is expected to close before year-end.

Price and volatility reaction

The stock moved -0.4% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -4.4 vol points across the event (constant-maturity series — not the front-week crush).

Source

The figures above come from the earnings release the company filed with the SEC on 2026-09-24 (8-K, Item 2.02). Read the original filing on sec.gov.