FULLER H B CO (FUL) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
1200 WILLOW LAKE BLVD ST PAUL, MN 55110-5132 |
| State of Incorp. | MN |
| Fiscal Year End | November 30 |
| Industry (SIC) | 2891 - Adhesives and Sealants (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 2/28/2025 MRQ | 11/30/2024 | 11/30/2023 | 11/30/2022 | 11/30/2021 | 11/30/2020 | 11/30/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 169 | 179 | 62 | 101 | 112 | ||||
| Cash and cash equivalent | 169 | 179 | 62 | 101 | 112 | ||||
| Receivables | 558 | 578 | 615 | 515 | 493 | ||||
| Inventory, net of allowances, customer advances and progress billings | 467 | 442 | 492 | 448 | 323 | 337 | |||
| Inventory | 467 | 442 | 492 | 448 | 323 | 337 | |||
| Other current assets | 104 | 113 | 120 | 96 | 81 | 91 | |||
| Total current assets: | 1,299 | 1,312 | 612 | 1,221 | 1,020 | 1,033 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 882 | 825 | 734 | 695 | 671 | 630 | |||
| Intangible assets, net (including goodwill) | 2,302 | 2,216 | 2,094 | 1,986 | 2,068 | 2,081 | |||
| Goodwill | 1,532 | 1,487 | 1,393 | 1,299 | 1,312 | 1,282 | |||
| Intangible assets, net (excluding goodwill) | 770 | 729 | 702 | 687 | 756 | 799 | |||
| Other noncurrent assets | 450 | 371 | 336 | 372 | 278 | 241 | |||
| Total noncurrent assets: | 3,634 | 3,411 | 3,164 | 3,053 | 3,017 | 2,952 | |||
| Other undisclosed assets | 688 | ||||||||
| TOTAL ASSETS: | 4,933 | 4,724 | 4,464 | 4,275 | 4,037 | 3,986 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 588 | 548 | 89 | 712 | 513 | 461 | |||
| Taxes payable | ✕ | ✕ | ✕ | ✕ | 16 | 29 | 23 | ||
| Employee-related liabilities | ✕ | ✕ | ✕ | ✕ | 110 | 84 | 79 | ||
| Accounts payable | 491 | 440 | 500 | 316 | 299 | ||||
| Accrued liabilities | 97 | 108 | 89 | 86 | 84 | 61 | |||
| Debt | 1 | 4 | 30 | 25 | 17 | 81 | |||
| Estimated litigation liability | 0 | ||||||||
| Accrued environmental loss contingencies | 3 | 3 | |||||||
| Business combination, contingent consideration, liability | 2 | ||||||||
| Other undisclosed current liabilities | 130 | 139 | |||||||
| Total current liabilities: | 719 | 693 | 125 | 737 | 530 | 542 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 2,010 | 1,837 | 1,744 | 1,591 | 1,757 | 1,898 | |||
| Long-term debt, excluding current maturities | 2,010 | 1,837 | 1,736 | 1,591 | 1,757 | 1,898 | |||
| Finance lease, liability | 8 | ||||||||
| Liabilities, other than long-term debt | 374 | 438 | 249 | 349 | 368 | 322 | |||
| Accounts payable and accrued liabilities | 22 | ||||||||
| Deferred compensation liability, classified | 10 | ||||||||
| Asset retirement obligations | 3 | ||||||||
| Deferred income tax liabilities | 183 | ||||||||
| Liability, pension and other postretirement and postemployment benefits | 52 | 50 | 2 | 72 | 89 | 80 | |||
| Accrued environmental loss contingencies | 6 | ||||||||
| Other liabilities | 322 | 388 | 277 | 279 | 242 | ||||
| Operating lease, liability | 23 | ||||||||
| Total noncurrent liabilities: | 2,384 | 2,275 | 1,993 | 1,940 | 2,125 | 2,221 | |||
| Total liabilities: | 3,103 | 2,968 | 2,118 | 2,677 | 2,655 | 2,763 | |||
| Equity | |||||||||
| Equity, attributable to parent | 1,829 | 1,755 | 1,597 | 1,381 | 1,222 | ||||
| Common stock | 55 | 54 | 53 | 52 | 51 | ||||
| Additional paid in capital | 323 | 301 | 214 | 158 | 130 | ||||
| Accumulated other comprehensive loss | (473) | (443) | (270) | (303) | (344) | ||||
| Retained earnings | 1,925 | 1,843 | 1,601 | 1,474 | 1,384 | ||||
| Equity, attributable to noncontrolling interest | 1 | 1 | 1 | 1 | 0 | ||||
| Other undisclosed equity | 1,611 | ||||||||
| Total equity: | 1,830 | 1,756 | 1,611 | 1,597 | 1,382 | 1,223 | |||
| TOTAL LIABILITIES AND EQUITY: | 4,933 | 4,724 | 3,729 | 4,275 | 4,037 | 3,986 | |||
Income Statement (P&L) ($ in millions)
| 2/28/2025 TTM | 11/30/2024 | 11/30/2023 | 11/30/2022 | 11/30/2021 | 11/30/2020 | 11/30/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 3,569 | 3,511 | 3,749 | 3,278 | 2,790 | 2,897 | ||
| Cost of revenue | (2,507) | (2,502) | (2,785) | (2,433) | (2,034) | (2,090) | ||
| Gross profit: | 1,062 | 1,009 | 964 | 845 | 757 | 807 | ||
| Operating expenses | (857) | (761) | (717) | (665) | (614) | (645) | ||
| Other operating income (expense), net | (37) | 10 | 13 | 33 | 15 | 38 | ||
| Other undisclosed operating income | 180 | 98 | 63 | 40 | ||||
| Operating income: | 348 | 355 | 323 | 253 | 158 | 199 | ||
| Nonoperating income | 18 | 13 | 22 | 36 | 26 | 11 | ||
| Investment income, nonoperating | 5 | 4 | 8 | 9 | 11 | 12 | ||
| Loss, foreign currency transaction, before tax | (3) | (12) | (13) | (6) | (3) | (1) | ||
| Net periodic defined benefits expense (reversal of expense), excluding service cost component | 16 | 20 | 27 | 32 | 18 | |||
| Interest and debt expense | (133) | (135) | (92) | (78) | (87) | (103) | ||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | (51) | 1 | (1) | 7 | 60 | 66 | ||
| Income from continuing operations before equity method investments, income taxes: | 183 | 234 | 252 | 217 | 158 | 173 | ||
| Income from equity method investments | 4 | 4 | 6 | 8 | 7 | 7 | ||
| Income from continuing operations before income taxes: | 187 | 239 | 258 | 225 | 166 | 180 | ||
| Income tax expense | (56) | (94) | (77) | (63) | (42) | (49) | ||
| Income from continuing operations: | 130 | 145 | 180 | 161 | 124 | 131 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 161 | 124 | 131 | |
| Other undisclosed net loss | (0) | |||||||
| Net income: | 130 | 145 | 180 | 161 | 124 | 131 | ||
| Net loss attributable to noncontrolling interest | (0) | (0) | (0) | (0) | (0) | (0) | ||
| Net income available to common stockholders, diluted: | 130 | 145 | 180 | 161 | 124 | 131 | ||
Comprehensive Income ($ in millions)
| 2/28/2025 TTM | 11/30/2024 | 11/30/2023 | 11/30/2022 | 11/30/2021 | 11/30/2020 | 11/30/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 130 | 145 | 180 | 161 | 124 | 131 | ||
| Other comprehensive income (loss) | (37) | 20 | (154) | 55 | 49 | (56) | ||
| Other undisclosed comprehensive income (loss) | 6 | (11) | (27) | (23) | (8) | (8) | ||
| Comprehensive income (loss): | 100 | 153 | (1) | 194 | 165 | 67 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (0) | (0) | (0) | (0) | (0) | (0) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 100 | 153 | (1) | 194 | 164 | 67 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.