other material
confidence high
sentiment neutral
materiality 0.40
H.B. Fuller restates segment financials after creating Building Adhesive Solutions segment
FULLER H B CO
- New BAS segment combines Roofing, BE&I, Insulated Glass, Woodworking, Composites; FY2024 rev $856.5M, op income $75.9M.
- Flooring business moved to Corporate unallocated for FY2023-2024; no impact on consolidated GAAP results.
- Total FY2024 net revenue $3.57B, segment op income $348.2M, adjusted EBITDA $593.9M unchanged.
- Minor reallocation of customer markets between HHCA and other segments; no effect on total revenue or net income.