H.B. Fuller Company (NYSE: FUL) announced its financial results for the third quarter ended August 29, 2026. The company reported net revenue of $938 million, representing a 5.2% increase compared to the same period in the prior year. Organic revenue, which excludes the effects of acquisitions and foreign currency, grew by 4.4% year-over-year. The company noted that pricing actions increased net revenue by 7.4%, which more than offset a decline in volume.
On the profitability front, H.B. Fuller reported a gross margin of 33.2%. Adjusted gross margin was 33.5%, an increase of 120 basis points year-over-year. The improvement was driven by pricing execution and restructuring savings. Net income for the quarter was $79 million, while adjusted EBITDA totaled $187 million, up 9% from the previous year. Adjusted EBITDA margin reached a record 19.9%, an increase of 80 basis points year-over-year.
Earnings per share (EPS) figures also showed growth. Reported diluted EPS was $1.44, while adjusted diluted EPS was $1.52, a 21% increase year-over-year. The company’s balance sheet showed net debt of $1.957 billion, which was approximately flat year-on-year, with a net debt-to-adjusted EBITDA ratio of 3.0X.
H.B. Fuller updated its fiscal 2026 guidance based on year-to-date performance. The company expects net revenue to increase in the mid-single digits, with organic revenue growth in the low-single digits. Adjusted EBITDA is now expected to be between $655 million and $670 million, and adjusted diluted EPS is expected to be between $4.70 and $4.85. The company anticipates closing the AMS acquisition before the end of the year.
