H.B. Fuller Q2 revenue up 5.8%, margin expands 170bp; $34.8M grout settlement accrued

Filed June 25, 2026 · Period ending May 30, 2026 · Compared to 10-Q Jun 26, 2025 · ~2 min read

Key Changes

• high

  Q2 FY26 revenue grew 5.8% year-over-year to $947.5M, driven by 3.0% pricing and 3.1% favorable currency, reversing the 2.1% decline in Q2 FY25. Gross margin expanded 170 basis points to 33.6% on pricing discipline and restructuring benefits.

  MD&A: Revenue & Margins verify on EDGAR →
• high

  Grout lawsuit settled for up to $75M with preliminary court approval; company accrued $34.8M ($26.3M after-tax) based on expected valid claims. The grout was sold by the divested North America Flooring business; substantial insurance reimbursement expected.

  Legal Proceedings: Rouse Settlement verify on EDGAR →
• high

  Year-to-date organic revenue declined 1.7% on a 3.5% volume drop, concentrated in Hygiene, Health and Consumable Adhesives (down 3.2%) and Engineering Adhesives (down 1.4%). Pricing gains of 1.8% partially offset the volume weakness.

  MD&A: Organic Revenue verify on EDGAR →