H.B. Fuller Net Income Jumps 59% to $21M in Q1 2026

H.B. Fuller Co. (NYSE: FUL), a specialty adhesives and sealants manufacturer, reported net income of $21.0 million for the quarter ending February 28, 2026, a 59% increase from $13.2 million in the same period last year. Diluted earnings per share rose to $0.38 from $0.24. Read more earnings reports.

Gross profit for the quarter climbed to $236.0 million, up from $227.1 million in the prior-year quarter. Cost of revenue declined to $534.8 million from $561.6 million, a reduction of $26.8 million or 4.8%.

Selling, general, and administrative expenses increased to $184.5 million from $180.6 million. The company recorded an income tax expense of $7.4 million, compared to $5.9 million in the year-ago quarter.

Cash flow from operations improved significantly, posting a negative $4.0 million compared to a negative $52.9 million in the same quarter last year. The company used $57.4 million in investing activities, down from $121.4 million a year earlier. Financing activities generated $48.7 million in cash, a reversal from $111.4 million in the prior-year period.

Total assets stood at $5.22 billion as of February 28, 2026, up from $5.18 billion at the end of the previous fiscal year on November 29, 2025. Long-term debt increased to $2.08 billion from $2.02 billion during the same period.

Cash and cash equivalents were $107.9 million at quarter-end, compared to $107.2 million three months prior. Inventory rose to $506.8 million from $472.0 million, an increase of $34.8 million. Accounts receivable declined to $532.2 million from $564.3 million.

Total stockholders' equity grew to $2.07 billion from $2.00 billion. The company had 54.5 million common shares outstanding at quarter-end, compared to 54.2 million at the end of fiscal 2025.

Goodwill increased to $1.70 billion from $1.68 billion, while intangible assets decreased to $791.1 million from $805.9 million. Depreciation and amortization expense for the quarter was $46.0 million, up from $42.6 million in the prior-year period.