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

Filed: Jan 22, 2026
Health Care
Adhesives & SealantsSEC EDGAR

FULLER H B CO (FUL) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Jan 22, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

FULLER H B CO FY2025 10-K Analysis

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

FULLER H B CO FY2025 Key Financial Metrics
XBRL

Revenue

$3.5B

-2.7% YoY

Net Income

$152M

+16.7% YoY

Gross Margin

31.1%

+136bp YoY

Net Margin

4.4%

+73bp YoY

ROE

7.6%

+46bp YoY

Total Assets

$5.2B

+5.1% YoY

EPS (Diluted)

$2.75

+19.6% YoY

Operating Cash Flow

$263M

-12.9% YoY

Source: XBRL data from FULLER H B CO FY2025 10-K filing on SEC EDGAR. All figures in USD.

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