H. B. Fuller Company · NYSE:FUL

H. B. Fuller — Q3 2026 Earnings Presentation

30 slides from H. B. Fuller's earnings presentation, Sep 24, 2026

Slide 1: Third Quarter 2026 Earnings Conference Call
H.B. Fuller Third Quarter 2026 Earnings Conference Call 1200 Willow Lake Blvd, St Paul, Minnesota 55110 www.hbfuller.com September 24, 2026
Slide 2: Disclosure
Disclosure Safe Harbor Statement Certain matters discussed today are forward-looking statements within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements refl
Slide 3: Q3 Overview
Q3 Overview Total Revenue increased 5.2% YOY Organic Revenue increased 4.4% YOY • Positive pricing more than offset lower volume Adjusted EBITDA increased 9% year-on-year to $187 million Adjusted EBITDA Margin increased 80 basis points YOY to 19.9% Adjusted EPS (Diluted) increased 21% YOY to $1.52 ©
Slide 4: Global Business Unit Update
Global Business Unit Update Hygiene, Health, and Consumable Adhesives Engineering Adhesives Building Adhesive Solutions Key Metrics Key Metrics Key Metrics • Organic revenue up 6% YOY driven by • Organic revenue up 5% YOY, excluding • Organic revenue up 5% YOY, strong pricing execution Solar; organi
Slide 5: Regional Perspective
Regional Perspective Americas • Organic revenue increased 4% YOY • Positive organic growth in all three GBUs • Driven by strong performance in Roofing, Insulating Glass, and Aerospace market segments EIMEA • Organic revenue increased 9% YOY • Driven by positive price in all three GBUs • Strong volum
Slide 6: Supply Chain Disruption Update
Supply Chain Disruption Update • Dislocation continues to be a defining feature of our operating environment • We do not expect normalization until well after the conflict subsides • Raw material prices have stabilized at elevated levels and we expect them to remain at or near these current levels f
Slide 7: Project Quantum Leap Update
Project Quantum Leap Update Overview • Project Quantum Leap is a multi-year initiative to: − Optimize our manufacturing and distribution network − Improve factory utilization and service levels − Increase the efficiency of our global supply chain • We continue to make good progress, and implementati
Slide 8: Project Quantum Leap Update
Project Quantum Leap Update Manufacturing Footprint Financial Benefits Capital Investment & One-Time Costs • Began Project Quantum Leap with 82 • We continue to target approximately $75 • We expect to invest $150 million of capital manufacturing facilities at the end of 2024 million of annualized co
Slide 9: Q3 Financial Summary
Q3 Financial Summary • Organic revenue increased 4.4% YOY • Adjusted gross profit margin increased 120 bps YOY to 33.5% driven by pricing execution and restructuring savings • Adjusted SG&A increased 8% YOY and decreased 7% sequentially from the second quarter of 2026 • Adjusted EBITDA increased 9%
Slide 10: 2026 Financial Guidance
2026 Financial Guidance Revenue • Still expect net revenue to be up mid-single digits YOY • Still expect organic revenue to be up low-single digits YOY; price up mid-single digits, volume down low-single digits • Expect FX translation to positively impact revenue by approximately 2% Adjusted EBITDA
Slide 12: AMS Acquisition Update
AMS Acquisition Update • We continue to make strong progress through the regulatory approval process • Remain on track to close the transaction by year-end • We are committed to our deleveraging plan and expect leverage to return to our targeted range of 2.5x to 3.0x within two years of closing • AM
Slide 13: Q3 Summary
Q3 Summary Our results reflect the steady progress we continue to make across the business. • Strong year-on-year revenue, EBITDA, and EPS growth, with expanded margins • Pricing actions are offsetting higher raw material costs amid supply chain disruption • Restructuring efforts continue to enhance
Slide 14: Q&A
Q&A
Slide 28: Regulation G Reconciliations
Regulation G Reconciliations 1 Acquisition project costs include costs related to evaluating, acquiring and integrating business acquisitions. Acquisition project costs 9 Adjusted income before income taxes and income from equity method investments is a non-GAAP financial measure. Adjusted include $
Slide 29: Regulation G Reconciliations
Regulation G Reconciliations 18 Net debt and net debt-to-adjusted EBITDA are non-GAAP financial measures. Net debt is defined as total debt less cash and cash equivalents. Net debt-to-adjusted EBITDA is defined as net debt divided by trailing twelve months adjusted EBITDA. The calculations of these
Slide 30: Transition Slide
Transition Slide Insert subtitle if needed

H.B. Fuller Company — Q3 2026 Earnings Presentation on 6ix

H. B. Fuller — Q3 2026 Earnings Presentation

Slide 1: Third Quarter 2026 Earnings Conference Call

Slide 2: Disclosure

Slide 3: Q3 Overview

Slide 4: Global Business Unit Update

Slide 5: Regional Perspective

Slide 6: Supply Chain Disruption Update

Slide 7: Project Quantum Leap Update

Slide 8: Project Quantum Leap Update

Slide 9: Q3 Financial Summary

Slide 10: 2026 Financial Guidance

Slide 11: 2026 Customer Innovation Awards

Slide 12: AMS Acquisition Update

Slide 13: Q3 Summary

Slide 14: Q&A

Slide 15: Regulation G Reconciliations

Slide 16: Regulation G Reconciliations

Slide 17: Regulation G Reconciliations

Slide 18: Regulation G Reconciliations

Slide 19: Regulation G Reconciliations

Slide 20: Regulation G Reconciliations

Slide 21: Regulation G Reconciliations

Slide 22: Regulation G Reconciliations

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Slide 24: Regulation G Reconciliations

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Slide 26: Regulation G Reconciliations

Slide 27: Regulation G Reconciliations

Slide 28: Regulation G Reconciliations

Slide 29: Regulation G Reconciliations

Slide 30: Transition Slide