H.B. Fuller Company

FUL

FULH.B. Fuller Company US flag

New York Stock Exchange

61.52

USD

-1.09

- -

3.35BMarket Cap

Income Statement (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Sales/Revenue/Turnover	1,444	1,886	2,047	2,104	2,084	2,095	2,306	3,041	2,897	2,790	3,278	3,749	3,511	3,569	3,474
+ Sales & Services Revenue	1,444	1,886	2,047	2,104	2,084	2,095	2,306	3,041	2,897	2,790	3,278	3,749	3,511	3,569	3,474
- Cost of Revenue	1,040	1,369	1,477	1,571	1,516	1,489	1,707	2,213	2,090	2,034	2,433	2,785	2,502	2,507	2,393
+ Cost of Goods & Services	1,040	1,369	1,477	1,571	1,516	1,489	1,707	2,213	2,090	2,034	2,433	2,785	2,502	2,507	2,393
Gross Profit	404	517	570	533	568	606	599	828	807	757	845	964	1,009	1,062	1,081
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	291	379	375	383	398	408	479	573	567	520	561	614	634	698	703
+ Selling, General & Admin	291	358	350	362	371	408	479	538	531	483	521	569	585	648	641
+ Research & Development	- -	21	25	21	26	29	30	36	37	37	39	45	49	50	62
+ Other Operating Expense	- -	- -	- -	- -	- -	-29	-30	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	113	138	196	150	170	198	120	255	240	236	285	350	375	364	378
- Non-Operating (Income) Loss	10	48	68	71	32	35	59	98	67	78	68	98	141	181	162
+ Interest Expense, Net	9	18	18	19	25	25	40	99	91	75	69	84	131	128	129
+ Interest Expense	11	20	19	20	25	27	44	111	103	87	78	92	135	133	133
- Interest Income	2	2	1	- -	1	2	4	12	12	11	9	8	4	5	5
+ Other Non-Op (Income) Loss	2	30	50	51	8	9	19	-1	-24	3	-1	14	11	53	34
Pretax Income	102	90	128	79	138	163	61	157	173	158	217	252	234	183	215
- Income Tax Expense (Benefit)	31	30	40	34	56	49	10	-6	49	42	63	77	94	56	67
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	80	68	96	50	88	122	59	171	131	124	161	180	145	130	152
- Net Extraordinary Losses (Gains)	-9	-57	- -	1	2	1	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	9	58	1	- -	-1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	-18	-115	-2	1	3	1	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	89	125	96	49	86	121	59	171	131	124	161	180	145	130	152
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	89	126	97	50	87	122	59	171	131	124	161	180	145	130	152
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	89	126	97	50	87	122	59	171	131	124	161	180	145	130	152
EBIT	113	138	196	150	170	198	120	255	240	236	285	350	375	364	378
EBITDA	152	195	257	220	246	276	207	400	381	375	428	496	535	539	556
EBITDA Margin (%)	10.5	10.35	12.56	10.47	11.8	13.17	8.97	13.15	13.15	13.44	13.05	13.24	15.24	15.1	16.01
EBITA	113	138	196	150	170	198	120	255	240	236	285	350	375	364	378
Gross Margin (%)	27.96	27.42	27.85	25.34	27.26	28.92	25.97	27.23	27.85	27.12	25.79	25.7	28.74	29.75	31.11
Operating Margin (%)	7.79	7.31	9.55	7.12	8.18	9.46	5.18	8.38	8.27	8.47	8.68	9.32	10.69	10.2	10.88
Profit Margin (%)	6.17	6.66	4.73	2.37	4.16	5.81	2.58	5.63	4.52	4.43	4.92	4.81	4.13	3.65	4.37
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	0.3	0.33	0.39	0.46	0.51	0.55	0.59	0.62	0.64	0.64	0.66	0.73	0.8	0.87	0.92
Depreciation Expense	39	57	62	70	75	78	87	145	141	139	143	147	160	175	178
Basic Weighted Avg Shares	49	50	50	50	50	50	50	51	51	52	53	54	54	55	55
Basic EPS, GAAP	1.82	2.53	1.94	1	1.72	2.43	1.18	3.38	2.57	2.38	3.05	3.37	2.67	2.37	2.78
Basic EPS from Cont Ops	1.64	1.38	1.92	1	1.76	2.43	1.18	3.38	2.57	2.38	3.05	3.37	2.67	2.37	2.79
Diluted Weighted Avg Shares	50	51	51	51	51	51	52	52	52	53	54	55	56	57	55
Diluted EPS, GAAP	1.79	2.48	1.89	0.97	1.69	2.37	1.15	3.29	2.52	2.36	2.97	3.26	2.59	2.3	2.75
Diluted EPS from Cont Ops	1.61	1.35	1.88	0.98	1.72	2.38	1.15	3.29	2.52	2.36	2.97	3.26	2.59	2.3	2.75

Balance Sheet (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Current Assets	597	799	795	765	801	811	1,158	1,090	1,033	1,020	1,221	1,299	1,312	1,299	1,263
+ Cash, Cash Equivalents & STI	155	200	155	78	119	142	194	151	112	101	62	80	179	169	107
+ Cash & Cash Equivalents	155	200	155	78	119	142	194	151	112	101	62	80	179	169	107
+ ST Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	229	333	352	356	396	375	498	522	519	534	644	644	619	597	592
+ Accounts Receivable, Net	217	320	331	341	365	351	474	495	493	515	615	607	578	558	564
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	12	13	21	15	31	24	24	27	26	19	29	36	41	39	28
+ Inventories	116	209	222	251	249	247	372	348	337	323	448	492	442	467	472
+ Raw Materials	64	111	120	133	122	116	174	169	150	151	227	237	206	216	199
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	75	119	123	140	142	142	198	179	187	172	222	255	236	252	273
+ Inventory Adjustments	-23	-21	-21	-22	-15	-11	-13	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	13	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	96	57	66	80	38	46	93	69	64	62	67	84	72	65	92
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	631	987	1,078	1,104	1,241	1,245	3,216	3,086	2,952	3,017	3,053	3,164	3,411	3,634	3,919
+ Property, Plant & Equip, Net	243	329	434	503	513	515	670	637	630	699	728	766	872	943	991
+ Property, Plant & Equip	793	908	1,033	1,106	1,112	1,093	1,288	1,304	1,304	1,457	1,534	1,612	1,802	1,926	2,012
- Accumulated Depreciation	550	579	598	604	599	578	618	667	674	757	806	846	930	983	1,021
+ LT Investments & Receivables	59	61	54	50	51	56	59	62	64	65	61	52	48	48	50
+ LT Investments	59	61	54	50	51	56	59	62	64	65	61	52	48	48	50
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	330	597	590	551	678	674	2,486	2,388	2,258	2,253	2,265	2,346	2,491	2,643	2,879
+ Total Intangible Assets	242	488	483	452	567	572	2,338	2,213	2,081	2,068	1,986	2,095	2,216	2,302	2,486
+ Goodwill	115	254	263	256	354	366	1,337	1,305	1,282	1,312	1,299	1,393	1,487	1,532	1,680
+ Other Intangible Assets	127	233	219	196	213	205	1,002	908	799	756	687	702	729	770	806
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	88	110	107	99	110	102	148	175	177	185	279	251	275	341	393
Total Assets	1,228	1,786	1,873	1,869	2,042	2,056	4,373	4,176	3,986	4,037	4,275	4,464	4,724	4,933	5,183
+ Payables & Accruals	137	232	257	237	244	222	367	362	383	421	593	557	568	597	578
+ Accounts Payable	104	163	202	174	178	163	268	273	299	316	500	461	440	491	470
+ Accrued Taxes	13	36	27	30	26	22	33	29	38	46	30	33	70	49	49
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	19	33	29	32	40	37	65	59	46	58	63	63	58	57	59
+ ST Debt	53	45	21	27	53	118	53	106	81	26	34	40	29	16	17
+ ST Borrowings	53	45	21	27	53	118	53	106	81	17	25	29	2	1	- -
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	9	9	11	27	15	17
+ Other ST Liabilities	66	73	83	54	52	52	85	78	79	84	110	108	96	106	149
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	1	2	3	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	66	71	81	51	52	52	85	78	79	84	110	108	96	106	149
Total Current Liabilities	255	350	361	317	350	392	505	546	542	530	737	706	693	719	743
+ LT Debt	180	475	472	548	670	586	2,399	2,142	1,898	1,776	1,616	1,760	1,873	2,059	2,059
+ LT Borrowings	180	475	472	548	670	586	2,399	2,142	1,898	1,757	1,591	1,736	1,837	2,010	2,017
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	19	24	23	37	49	42
+ Other LT Liabilities	84	182	109	114	150	140	418	335	322	348	325	387	401	325	377
+ Accrued Liabilities	13	28	26	22	30	32	286	220	184	174	189	193	186	153	133
+ Pension Liabilities	56	126	56	70	79	77	74	73	83	92	74	55	52	54	53
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	15	29	28	21	40	32	57	42	55	82	61	140	163	118	191
Total Noncurrent Liabilities	263	658	582	661	819	726	2,817	2,477	2,221	2,125	1,940	2,147	2,275	2,384	2,436
Total Liabilities	518	1,008	943	979	1,169	1,118	3,321	3,023	2,763	2,655	2,677	2,853	2,968	3,103	3,180
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	73	88	95	104	106	110	125	147	182	210	266	320	356	377	352
+ Common Stock	49	50	50	50	50	50	50	51	51	52	53	54	54	55	54
+ Additional Paid in Capital	24	38	44	53	56	60	75	96	130	158	214	266	301	323	298
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	721	830	907	934	995	1,091	1,127	1,286	1,384	1,474	1,601	1,741	1,843	1,925	2,026
+ Other Equity	-89	-140	-72	-147	-227	-263	-201	-280	-344	-303	-270	-451	-443	-473	-375
Equity Before Minority Interest	705	778	930	890	873	938	1,051	1,153	1,222	1,381	1,597	1,610	1,755	1,829	2,003
+ Minority/Non Controlling Interest	4	- -	- -	- -	- -	- -	- -	- -	- -	1	1	1	1	1	- -
Total Equity	709	779	930	890	873	938	1,052	1,153	1,223	1,382	1,597	1,611	1,756	1,830	2,003
Total Liabilities & Equity	1,228	1,786	1,873	1,869	2,042	2,056	4,373	4,176	3,986	4,037	4,275	4,464	4,724	4,933	5,183
Shares Outstanding	49	50	50	50	50	50	50	51	51	52	53	54	54	55	54
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	- -	28	33	35	64	64	59
Net Debt	78	320	338	497	604	561	2,258	2,097	1,867	1,673	1,555	1,685	1,659	1,841	1,910
Net Debt to Equity	10.94	41.07	36.3	55.85	69.13	59.79	214.63	181.82	152.68	121.1	97.33	104.62	94.48	100.63	95.33
Tangible Common Equity Ratio	47.45	22.41	32.21	30.95	20.75	24.7	-63.23	-54	-45.07	-34.85	-16.98	-20.43	-18.33	-17.94	-17.9
Current Ratio	2.34	2.28	2.2	2.41	2.29	2.07	2.29	2	1.91	1.92	1.66	1.84	1.89	1.81	1.7
Cash Conversion Cycle	60.76	61.92	66.54	70.36	79.51	81.35	88.52	72.39	71.89	69.6	62.5	59.09	62.72	57.22	57.44

Cash Flow Statement (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
+ Net Income	80	68	96	50	88	122	59	171	131	124	161	180	145	130	152
+ Depreciation & Amortization	39	57	62	70	75	78	87	145	141	139	143	147	160	175	178
+ Non-Cash Items	-11	-4	4	53	36	49	2	25	-11	-42	120	-13	-49	21	-56
+ Stock-Based Compensation	8	10	12	13	14	13	18	17	24	17	22	24	20	22	22
+ Deferred Income Taxes	6	-17	10	4	7	7	-22	-47	-29	-25	16	-15	-25	-36	-50
+ Asset Impairment Charge	- -	2	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	49	1
+ Other Non-Cash Adj	-25	1	-18	35	16	29	6	56	-6	-35	82	-22	-44	-14	-28
+ Chg in Non-Cash Work Cap	-20	1	-29	-144	11	-53	18	-88	8	111	-212	-58	123	-24	-11
+ (Inc) Dec in Accts Receiv	-18	-17	-7	-19	-12	2	-27	-39	-26	-15	-125	-25	69	11	-3
+ (Inc) Dec in Inventories	-11	-17	-12	-36	-5	-7	-9	-17	20	16	-135	-56	73	-30	-10
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	13	36	7	-37	20	-19	51	25	32	48	201	-28	-33	43	-4
+ Inc (Dec) in Other	-4	-1	-17	-52	7	-28	2	-57	-18	63	-153	51	15	-48	6
+ Net Cash From Disc Ops	- -	-14	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	88	109	133	30	211	196	166	253	269	332	213	257	378	302	263
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	3	2	2	6	5	4	1	3	11	2	3	2	5	1	5
+ Disp of Fixed Prod Assets	3	2	2	6	5	4	1	3	11	2	3	2	5	1	5
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-33	-36	-127	-140	-59	-63	-55	-68	-62	-87	-96	-130	-119	-139	-142
+ Acq of Fixed Prod Assets	-33	-36	-124	-140	-59	-63	-55	-68	-62	-87	-96	-130	-119	-139	-142
+ Acq of Intangible Assets	- -	- -	-2	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	-9	-4	-18	-16	-19	-23	-22	-5	-3	-3	-3	-4	-3	-40	-61
+ Increase in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	-9	-4	-18	-16	-19	-23	-22	-5	-3	-3	-3	-4	-3	-40	-61
+ Net Change in LT Investment	- -	- -	- -	- -	- -	- -	-1	- -	- -	- -	- -	- -	- -	- -	-3
+ Dec in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc in LT Investment	- -	- -	- -	- -	- -	- -	-1	- -	- -	- -	- -	- -	- -	- -	-3
+ Net Cash From Acq & Div	-6	-413	-9	-26	-218	-53	-1,747	3	52	-10	-5	-251	-205	-274	-92
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	3	70	- -	- -	- -	- -	- -	76
+ Cash for Acq of Subs	-6	-413	-9	-26	-218	-53	-1,747	- -	-18	-10	-5	-251	-205	-274	-168
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	- -	- -	12	- -	1	- -	6	-14	4	4	- -	5	- -
+ Net Cash From Disc Ops	- -	120	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-36	-447	-133	-160	-259	-112	-1,801	-62	7	-109	-95	-375	-319	-407	-232
+ Dividends Paid	-15	-16	-19	-23	-26	-28	-30	-31	-32	-33	-35	-39	-43	-48	-50
+ Net Cash From Debt	-20	280	-24	90	141	-7	1,761	-212	-285	-214	-147	182	78	167	-6
+ Cash From Debt	220	584	107	573	357	15	2,856	- -	3	304	9	342	2,233	1,933	1,300
+ Repayments of Debt	-240	-304	-131	-483	-216	-22	-1,095	-212	-289	-518	-156	-160	-2,155	-1,766	-1,306
+ Other Financing Activities	1	15	12	4	9	5	-25	20	6	12	31	21	3	32	9
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-43	274	-49	55	104	-53	1,685	-229	-315	-239	-154	160	35	112	-108
Effect of Foreign Exchange Rates	2	4	3	-2	-9	-8	2	-6	- -	5	-3	-23	5	-18	15
Net Changes in Cash	9	-64	-49	-75	56	32	50	-37	-38	-17	-35	42	94	7	-77
EBITDA	152	195	257	220	246	276	207	400	381	375	428	496	535	539	556
EBITDA Margin (%)	10.5	10.35	12.56	10.47	11.8	13.17	8.97	13.15	13.15	13.44	13.05	13.24	15.24	15.1	16.01
Free Cash Flow	55	73	6	-110	152	132	111	185	207	244	117	127	259	163	121
Net Cash Paid for Acquisitions	6	413	9	26	218	53	1,747	-3	-52	10	5	251	205	274	92
Free Cash Flow to Firm	63	86	19	-99	167	152	148	- -	281	308	173	190	340	255	213
Free Cash Flow to Equity	37	355	-13	-14	298	130	1,874	-24	-67	32	-27	311	342	331	121
Free Cash Flow per Basic Share	1.13	1.47	0.12	-2.2	3.02	2.64	2.21	3.66	4.07	4.69	2.22	2.36	4.77	2.97	2.22
Price/Free Cash Flow	9.51	11.5	10.1	13.06	7.6	9.3	13.2	7.8	7.83	6.56	12.84	11.48	8.51	9.86	7.95
Cash Flow to Net Income	0.99	0.86	1.37	0.6	2.43	1.61	2.8	1.48	2.06	2.68	1.32	1.42	2.61	2.32	1.73
Capital Expenditures	-33	-36	-127	-140	-59	-63	-55	-68	-62	-87	-96	-130	-119	-139	-142