FULLER H B CO
For the period ended Jun 1, 2024. Filed Jun 27, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 1, 2024 · Filed Jun 27, 2024
FUL$51.34+3.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Table of Contents
H.B. Fuller Company
Quarterly Report on Form 10-Q
Table of Contents
| Page | ||
|---|---|---|
| PART 1. FINANCIAL INFORMATION | ||
| ITEM 1. | FINANCIAL STATEMENTS (Unaudited) | 3 |
| Consolidated Statements of Income for the three and six months ended June 1, 2024 and June 3, 2023 | 3 | |
| Consolidated Statements of Comprehensive Income for the three and six months ended June 1, 2024 and June 3, 2023 | 4 | |
| Consolidated Balance Sheets as of June 1, 2024 and December 2, 2023 | 5 | |
| Consolidated Statements of Total Equity for the three months and six months ended June 1, 2024 and June 3, 2023 | 6 | |
| Consolidated Statements of Cash Flows for the six months ended June 1, 2024 and June 3, 2023 | 7 | |
| Notes to Consolidated Financial Statements | 8 | |
| ITEM 2. | MANAGEMENT DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS | 21 |
| ITEM 3. | QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK | 32 |
| ITEM 4. | CONTROLS AND PROCEDURES | 32 |
| PART II. OTHER INFORMATION | 33 | |
| ITEM 1. | LEGAL PROCEEDINGS | 33 |
| ITEM 1A. | RISK FACTORS | 33 |
| ITEM 2. | UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS | 34 |
| ITEM 6. | EXHIBITS | 34 |
| SIGNATURES | 35 | |
PART I. FINANCIAL INFORMATION
H.B. FULLER COMPANY AND SUBSIDIARIES
Consolidated Statements of Income
(In thousands, except per share amounts)
| Three Months Ended | Six Months Ended | |||
|---|---|---|---|---|
| June 1, | June 3, | June 1, | June 3, | |
| 2024 | 2023 | 2024 | 2023 | |
| Net revenue | $917,107 | $898,239 | $1,727,525 | $1,707,421 |
| Cost of sales | (635,055) | (641,464) | (1,206,237) | (1,235,838) |
| Gross profit | 282,052 | 256,775 | 521,288 | 471,583 |
| Selling, general and administrative expenses | (181,456) | (166,625) | (353,817) | (321,167) |
| Other income, net | 3,634 | 605 | 5,135 | 3,209 |
| Interest expense | (32,314) | (33,131) | (64,216) | (66,200) |
| Interest income | 1,199 | 932 | 2,506 | 1,599 |
| Income before income taxes and income from equity method investments | 73,115 | 58,556 | 110,896 | 89,024 |
| Income taxes | (22,418) | (19,291) | (30,231) | (29,024) |
| Income from equity method investments | 600 | 1,157 | 1,644 | 2,338 |
| Net income including non-controlling interest | 51,297 | 40,422 | 82,309 | 62,338 |
| Net income attributable to non-controlling interest | (33) | (21) | (54) | (48) |
| Net income attributable to H.B. Fuller | $51,264 | $40,401 | $82,255 | $62,290 |
| Earnings per share attributable to H.B. Fuller common stockholders: | ||||
| Basic | $0.93 | $0.74 | $1.50 | $1.15 |
| Diluted | $0.91 | $0.73 | $1.45 | $1.12 |
| Weighted-average common shares outstanding: | ||||
| Basic | 54,946 | 54,269 | 54,824 | 54,222 |
| Diluted | 56,636 | 55,717 | 56,604 | 55,818 |
| Dividends declared per common share | $0.223 | $0.205 | $0.428 | $0.395 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.