Thu, Mar 27, 7:17 PM (24 days ago)
**H.B. Fuller Company (FUL) Q1 2025 Financial Summary** **Financial Health and Performance:** - **Revenue:** $788.7 million, down 2.7% YoY due to negative currency effects and divestitures. - **Gross Profit Margin:** 28.8%, down 70 basis points YoY due to higher raw material and manufacturing costs. - **Net Income:** $13.2 million, down 57.4% YoY. - **EPS:** $0.24, down from $0.55 YoY. - **Cash Flow:** Negative $52.9 million from operations, with significant investments in acquisitions. **Segment Performance:** - **Hygiene, Health, and Consumable Adhesives:** Flat revenue YoY, with a 36.9% decrease in operating income. - **Engineering Adhesives:** 4.7% revenue growth YoY, with an 8.5% increase in operating income. - **Building Adhesive Solutions:** 2.2% revenue growth YoY, with an 8.3% decrease in operating income. **Key Metrics:** - **Net Working Capital:** 17.2% of annualized net revenue. - **DSO:** 61 days. - **Inventory Days on Hand:** 79 days. - **DPO:** 73 days. - **Free Cash Flow:** Negative $85.9 million. **Strategic Moves:** - Completed acquisitions of GEM S.r.l., Medifill Limited, HS Butyl Limited, and ND Industries Asia, Inc. - Sold North American Flooring business. - Initiated restructuring plans expected to cost $60-$65 million pre-tax. **Future Outlook:** - Expects to complete restructuring by fiscal year 2026. - Plans to continue acquisitions and divestitures to optimize operations. - Aims to improve operational efficiency and integrate acquired businesses. **Uncertainties:** - Foreign currency fluctuations. - Raw material and manufacturing cost volatility. - Integration risks of acquired businesses. **Ticker:** FUL