H.B. Fuller Company (NYSE:FUL) stock rose 3.12% (As on March 26, 11:18:26 AM UTC-4, Source: Google Finance) after the company announced a global price adjustment of at least 10% across all product lines, effective April 1, 2026, citing constraints in the petrochemical industry affecting raw material availability and costs. The adhesives manufacturer stated that certain technologies and regions will see price increases significantly higher than the 10% minimum. The company attributed the adjustment to broad-based constraints in the petrochemical industry that have affected the supply chain in recent weeks. The company reported first quarter results for fiscal 2026, missing analyst estimates on both earnings and revenue. Adjusted gross profit was $241 million. Adjusted gross profit margin of 31.3% increased 170 basis points year-on-year. The net impact of pricing and raw material cost actions, cost savings associated with Quantum Leap, and the impact of acquisitions drove the year-on-year increase in adjusted gross profit margin. Adjusted EBITDA in the first quarter of fiscal 2026 was $119 million, up 4% year-on-year, driven principally by the net impact of pricing and raw material cost actions and restructuring savings. Adjusted net income attributable to H.B. Fuller for the first quarter of fiscal 2026 was $32 million.

FUL in the first quarter of FY 26 has reported the adjusted earnings per share of $0.57, missing the analysts’ estimates for the adjusted earnings per share of $0.67. The company had reported the adjusted revenue decline of 2.3 percent to $771 million in the first quarter of FY 26, beating the analysts’ estimates for revenue of $807.79 million. Organic revenue declined 6.6% YoY, driven by lower volumes that more than offset a 0.6% pricing increase. The company attributed the margin expansion to restructuring savings from its Quantum Leap program, acquisitions, and targeted pricing actions. Adjusted EBITDA reached $119 million, up 4% YoY, with adjusted EBITDA margin expanding 90 basis points to 15.4%. The company generated adjusted gross profit margin of 31.3%, up 170 basis points YoY. Net debt-to-adjusted EBITDA remained at 3.1X, consistent with the prior quarter end.

Despite the quarterly shortfall, H.B. Fuller raised its full-year fiscal 2026 guidance. The company now expects adjusted EPS in the range of $4.55 to $4.90, with a midpoint of $4.73 that exceeds the analyst consensus of $4.52. Adjusted EBITDA is projected between $645 million and $675 million, with the $660 million midpoint representing growth from prior expectations.