H.B. Fuller Issues Statement Regarding Value Creation Strategy
H.B. Fuller issued a statement defending its value creation strategy against activist investor Ancora, highlighting a track record of 13 acquisitions since 2023 that have driven significant EBITDA growth and margin expansion. The company reaffirmed its goals of achieving greater than 20% adjusted EBITDA margins and low-teens ROIC through disciplined M&A and deleveraging, noting its net debt-to-adjusted EBITDA ratio improved to 3.1x in Q1 2026 from 3.5x a year earlier.
Key figures
- Revenue
- 3500000000
- Target roic
- low-teens
- Acquisitions since 2023
- 13
- Net debt to ebitda q1 2025
- 3.5
- Net debt to ebitda q1 2026
- 3.1
- Uk acquired ebitda current
- 60000000
- Uk acquired ebitda initial
- 30000000
- Target adjusted ebitda margin
- >20%
- Uk acquired ebitda margin current
- >23%
- Uk acquired ebitda margin initial
- 13%
AI analysis
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