H.B. Fuller reported third-quarter 2026 net revenue of $938 million, up 5.2% from a year earlier, as pricing added 7.4 percentage points and more than offset lower volume. Organic revenue rose 4.4%, with foreign currency translation contributing 0.7% and acquisitions 0.1%.
Adjusted EBITDA increased 9% year over year to $187 million, lifting adjusted EBITDA margin to 19.9% from 19.1% a year ago, an 80-basis-point improvement. Gross margin was 33.2%, while adjusted gross margin reached 33.5%, up 120 basis points from last year.
Net income was $79 million. Adjusted net income was $83 million. Reported diluted earnings per share were $1.44, while adjusted diluted EPS rose 21% to $1.52 from the prior-year period.
Selling, general and administrative expense totaled $198 million, while adjusted SG&A was $183 million, up 8% year over year but down 7% sequentially from the second quarter, reflecting the timing of certain expenses.
For the first nine months of fiscal 2026, cash flow from operations reached $183 million, up 17% from the same period last year. Net debt was $1.957 billion, roughly unchanged year over year, but net debt-to-adjusted EBITDA improved to 3.0x from 3.3x at the end of the third quarter of fiscal 2025.
Working capital increased to 18.5% of annualized net revenue, up 150 basis points year over year, driven mainly by inventory investments. As a result of these announcements, the company's shares have moved -1.68% on the market, and are now trading at a price of $50.21. For more information, read the company's full 8-K submission here.
