H.B. Fuller Company reported financial results for its second quarter that ended May 30, 2026. The company reported net revenue for the second quarter of fiscal 2026 was $950 million, up 5.8 per cent versus the second quarter of fiscal 2025. Pricing increased net revenue by 3 per cent, which more than offset slightly lower volume, resulting in a 2.6 per cent organic revenue increase year-on-year. Foreign currency translation and the impact of acquisitions increased net revenue by 3.1 per cent and 0.1 per cent, respectively.

Gross profit in the second quarter of fiscal 2026 was $320 million. Adjusted gross profit was $325 million. Adjusted gross profit margin of 34.2 per cent increased 200 basis points year-on-year. The impact of pricing execution and restructuring savings drove the majority of the year-on-year increase in adjusted gross profit margin.

Selling, general and administrative (SG&A) expense was $202 million in the second quarter of fiscal 2026 and adjusted SG&A was $196 million, up 11 per cent year-on-year. Adjusting for the impact of foreign exchange and variable compensation related to higher projected income for the year, adjusted SG&A was up approximately 3 per cent year-on-year.

Net income attributable to H.B. Fuller for the second quarter of fiscal 2026 was $68 million. Adjusted net income attributable to H.B. Fuller for the second quarter of fiscal 2026 was $78 million. Reported EPS (diluted) was $1.23 and adjusted EPS (diluted) was $1.41, up 19 per cent year-on-year.

Adjusted EBITDA in the second quarter of fiscal 2026 was $181 million, up 9 per cent year-on-year, driven principally by the impact of pricing execution and restructuring savings.

“We executed very well in the second quarter, delivering strong year-on-year revenue, EBITDA, and EPS growth, with results above the midpoint of our EBITDA guidance range,” said Celeste Mastin, president and chief executive officer. “Our global sourcing capabilities and swift pricing actions have enabled us to maintain supply continuity and reliably serve our customers through market disruption. These efforts, combined with our Quantum Leap restructuring initiative, have strengthened our competitive position and we remain confident in our ability to deliver strong financial results.” 

Mastin continued, “While the external environment remains dynamic, our focus is clear: we are executing on what we can control, leveraging our competitive strengths, and continuing to build a business that is more durable and better positioned to deliver superior long-term growth.”

Fiscal 2026 Outlook

As a result of our year-to-date performance, we are updating our previously communicated financial guidance for fiscal 2026:

* Net revenue for fiscal 2026 is still expected to be up mid-single digits; organic revenue is still expected to be up low-single digits and the impact from foreign exchange is still expected to be positive 1% to 2%;

* Adjusted EBITDA for fiscal 2026 is now expected to be in the range of $650 million to $675 million;

* Adjusted EPS (diluted) is now expected to be in the range of $4.60 to $4.90;

* Cash flow from operations for fiscal 2026 is now expected to be in the range of $300 million to $325 million;

* Net revenue for the third quarter of 2026 is expected to be up mid-single digits; adjusted EBITDA for the third quarter of 2026 is expected to be in the range of $180 million to $190 million.