10-K annual report · filed Jan 22, 2026

FULLER H B CO (FUL) FY2025 10-K Annual Report

Short answer

FULLER H B CO (FUL) filed its fiscal 2025 10-K annual report with the SEC on Jan 22, 2026. It reported revenue of $3.5B (−2.7% year over year) and net income of $152M.

  • Top risk flagged: Cybersecurity risk oversight delegated to audit committee with quarterly updates by CIO

FY2025 key financial metrics · XBRL

Revenue
$3.5B
−2.7% YoY
Net income
$152M
+16.7% YoY
Gross margin
31.1%
+1.4 pp YoY
EPS (diluted)
$2.75
+19.6% YoY
ROE
7.6%
+0.5 pp YoY
Operating cash flow
$263M
−12.9% YoY

Source: XBRL data from the FULLER H B CO (FUL) FY2025 10-K on SEC EDGAR. USD.

FULLER H B CO FY2025 10-K analysis

AI summary of each section, grounded in the filing text

Business Overview

  • Core business model: Global specialty adhesives and sealants manufacturer serving industrial and consumer markets
  • No new products, services, or segments explicitly introduced or highlighted this year
  • Continued adherence to established corporate governance and executive compensation frameworks with no material procedural changes
  • Extensive amendments and restatements of stock incentive plans through 2024 and 2025 signaling ongoing focus on executive and employee incentives
  • No distinct business narrative or operational metrics disclosed; filing heavily incorporates prior Proxy Statements and other reports by reference

Management Discussion & Analysis

  • No explicit revenue or YoY change figures disclosed in provided text
  • No profitability or margin % figures reported in provided text
  • No segment performance or related numbers mentioned
  • Project ONE capex $165M incurred, total estimated $300-$320M for IT platform upgrade
  • Restructuring costs incurred $79.2M through Nov 2025, expected total $80-$85M with remaining cash payments into 2026
  • Pension discount rate 5.15% in 2025, expected return on U.S. pension plan assets 7.50%, non-U.S. plans 5.03% in 2025
  • No forward-looking revenue or profit guidance given; Project ONE continued implementation and restructuring wrap-up noted as ongoing risks

Risk Factors

  • Cybersecurity risk oversight delegated to audit committee with quarterly updates by CIO
  • No specific regulatory or legal risks detailed in section
  • No explicit geopolitical or macroeconomic risks disclosed
  • No supply chain or operational vulnerabilities identified
  • No competitor or market disruption risks mentioned
  • No financial or structural risks described

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