4 unchanged sentences
Fuller and its subsidiaries unless otherwise indicated.
−Removed: Where we refer to 2024, 2023 and 2022 herein, the reference is to our fiscal years ended November 30, 2024, December 2, 2023, and December 3, 2022, respectively.
+Added: Where we refer to 2025, 2024 and 2023 herein, the reference is to our fiscal years ended November 29, 2025, November 30, 2024, and December 2, 2023, respectively.
We are a leading worldwide formulator, manufacturer and marketer of adhesives, sealants and other specialty chemical products.
2 unchanged sentences
Customers use our adhesives products in manufacturing common consumer and industrial goods, including food and beverage containers, disposable diapers, medical products, windows, doors, appliances, sportswear, footwear, multi-wall bags, water filtration products, insulation, textiles, automobiles, recreational vehicles, buses, trucks and trailers, marine products, solar energy systems, electronics and products for the aerospace and defense industries.
−Removed: In addition, we have established a variety of product offerings for residential, commercial and industrial construction markets, including sealing and waterproofing solutions for airports, roads, highways, bridges and utilities;
−Removed: pressure-sensitive adhesives, tapes and sealants for the commercial roofing industry;
−Removed: and level-setting products, ready-to-use grouts, mortars, and pressure sensitive adhesives that enable contractors and do-it-yourself consumers to quickly install flooring and tiling applications more reliably and efficiently.
+Added: In addition, we have established a variety of product offerings for residential, commercial and industrial construction markets, including sealing and waterproofing solutions for roads, highways, bridges and utilities;
+Added: pressure-sensitive adhesives, tapes and sealants for the commercial roofing industry and pressure sensitive adhesives that enable contractors and do-it-yourself consumers to complete construction projects more reliably and efficiently.
We also provide our customers with technical support and unique solutions designed to address their specific needs.
−Removed: We have three reportable segments:
−Removed: Hygiene, Health and Consumable Adhesives, Engineering Adhesives and Construction Adhesives.
+Added: As of November 30, 2024, our three operating segments consisted of Hygiene, Health and Consumable Adhesives, Engineering Adhesives and Construction Adhesives.
+Added: As of the beginning of fiscal 2025, we reorganized our operating segments by selling our North America Flooring business, previously part of the Construction Adhesives operating segment, and combining our Insulating Glass, Woodworking and Composite businesses, previously part of the Engineering Adhesives operating segment, with Construction Adhesives Roofing and Building Envelope and Infrastructure businesses to form the Building Adhesive Solutions operating segment.
+Added: The change in operating segments was based on how we internally organize our business for assessing performance and making decisions regarding allocation of resources.
+Added: The financial information in this Annual Report is provided on a retrospective basis as if the changes had taken place at the beginning of the fiscal year ended December 2, 2023.
See Management’s Discussion and Analysis of Financial Condition and Results of Operations (the “MD&A”) in Item 7 of this Annual Report for a description of our segment operating results.
7 unchanged sentences
We do not conduct any business in the following countries that are subject to U.S.
−Removed: economic sanctions:
+Added: economic san ctions:
Cuba, Iran, North Korea, Syria and the Crimea region of the Ukraine.
−Removed: Many of our markets are highly competitive.
−Removed: However, we compete effectively due to the quality and breadth of our adhesives, sealants and specialty chemical portfolio and the experience and expertise of our commercial organizations.
+Added: Our markets are highly competitive, however, we compete effectively due to the quality and breadth of our adhesives, sealants and specialty chemical portfolio and the experience and expertise of our commercial organizations.
Within the adhesives and other specialty chemical markets, we believe few suppliers have comparable global reach and corresponding ability to deliver quality and consistency to multinational customers.
6 unchanged sentences
We pride ourselves on long-term, collaborative customer relationships and a diverse portfolio of customers in which no single customer accounted for more than 10 percent of consolidated net revenue.
−Removed: Our leading customers include manufacturers of food and beverages, hygiene products, clothing, major appliances, electronics, automobiles, aerospace and defense products, solar energy systems, filters, construction materials, wood flooring, furniture, cabinetry, windows, doors, tissue and towel, corrugation, tube winding, packaging, and tapes and labels.
−Removed: Our products are delivered directly to customers primarily from our manufacturing and distribution facilities, with additional deliveries made through distributors and retailers.
+Added: Our leading customers include manufacturers of food and beverages, hygiene products, clothing, major appliances, electronics, automobiles, aerospace and defense products, solar energy systems, filters, construction materials, roofing systems, furniture, cabinetry, windows, doors, tissue and towel, corrugation, tube winding, packaging, and tapes and labels.
+Added: Our products are delivered directly to customers primarily from our manufacturing and distribution facilities, with additional deliveries made through distributors.
Human Capital Resources and Management
6 unchanged sentences
Health and Safety
−Removed: The health and safety of our employees and anyone who enters our workplace is important, and we believe that nothing we do is worth getting hurt for.
+Added: The health and safety of our employees and anyone who enters our workplace is of the utmost importance, and we believe that nothing we do is worth getting hurt for.
We have a strong environmental, health and safety program that focuses on implementing policies and training programs, as well as performing self-audits to enhance workplace safety.
19 unchanged sentences
Fuller Foundation and the thousands of employee volunteer hours each year.
−Removed: I nclusion and Diversit y
We place strong value on collaboration, and we believe that working together leads to better outcomes for our customers.
1 unchanged sentence
We strive to create an environment where innovative ideas can flourish by demonstrating respect for each other and valuing the diverse opinions, background and viewpoints of employees.
−Removed: We believe that diversity in our teams leads to new ideas, helps us solve problems and allows us to better connect with our global customer base.
−Removed: We are taking specific actions to foster inclusion and diversity into our culture.
+Added: We believe that this approach leads to new ideas, helps us solve problems and allows us to better connect with our global customer base.
+Added: We are intentional in our efforts to nurture our culture of inclusion.
Learning resources have been implemented to support greater awareness and understanding of the behaviors expected from employees.
−Removed: We have introduced employee resource groups, a structured mentoring program and focused development programs with the goal of creating meaningful opportunities for employees.
−Removed: We have adjusted our recruiting practices to ensure we are getting the right level of exposure to diverse candidates.
+Added: We have introduced employee resource groups, a structured mentoring program and focused development programs with the goal of creating meaningful opportunities for all employees.
+Added: We are a global company and strategically source the best talent from around the world.
Talent Development
10 unchanged sentences
We generally avoid sole source supplier arrangements for raw materials.
−Removed: The majority of our raw materials are petroleum/natural gas-based derivatives, therefore the cost of crude oil and natural gas can impact the cost of our raw materials.
−Removed: Under normal conditions, raw materials are available on the open market.
−Removed: Prices and availability are subject to supply and demand market mechanisms.
+Added: The majority of our raw materials are petroleum/natural gas-based derivatives, therefore the cost of crude oil and natural gas can impact the cost and availability of our raw materials however, prices and availability are more impacted by supply and demand market mechanisms.
Raw material costs, including costs for unique or specialty chemicals used in the manufacturing of our products, are primarily determined by the balance of supply against the aggregate demand from the adhesives industry and other industries that use the same raw material streams.
8 unchanged sentences
Trademarks, such as H.B.
−Removed: Fuller®, Swift®, Advantra®, Clarity®, Earthic™, Sesame®, Foster®, Rakoll®, Rapidex®, Full-Care®, Thermonex®, Silaprene®, Eternabond®, Cilbond®, HydroArmor®, Ködispace®, Weld Mount®, TONSAN®, SecurePortIV®, Sugriseal® and Vibra-Tite® are important in marketing products.
+Added: Fuller®, Swift®, Advantra®, Clarity®, Earthic™, Sesame®, Foster®, Rakoll®, Rapidex®, Full-Care®, Thermonex®, Silaprene®, Eternabond®, Cilbond®, HydroArmor®, Ködispace®, Weld Mount®, TONSAN®, SecurePortIV®, Surgiseal®, Vibra-Tite® and GLUBRAN® are important in marketing products.
Many of our trademarks and service marks are registered.
20 unchanged sentences
Legal Proceedings.
−Removed: Various legislation, regulations and international accords pertaining to climate change have been implemented or are being considered for implementation, particularly as they relate to the reduction of greenhouse gas emissions, such as the EU's Corporate Sustainability Reporting Directive ("CSRD"), California’s Climate Corporate Data Accountability Act and Climate Related Financial Risk Act, the Securities and Exchange Commission's ("SEC") Enhancement and Standardization of Climate-Related Disclosures for Investors, and other new and proposed regulatory frameworks.
−Removed: These laws may directly impact the Company, however we have not determined the extent of potential disclosures or other reporting requirements.
+Added: Various legislation, regulations and international accords pertaining to climate change have been implemented or are being considered for implementation, particularly as they relate to the reduction of greenhouse gas emissions, such as the EU's Corporate Sustainability Reporting Directive ("CSRD"), California’s Climate Corporate Data Accountability Act and Climate Related Financial Risk Act, and other new and proposed regulatory frameworks.
+Added: These laws may directly impact the Company and we are currently assessing the extent of potential disclosures or other reporting requirements.
We continue to monitor the development and implementation of such legislation and regulations.
19 unchanged sentences
March - December 2022
−Removed: Executive Vice President, Engineering Adhesives
−Removed: August 2019 - Present
Senior Vice President, International Growth
28 unchanged sentences
Senior Vice President, Engineering Adhesives
−Removed: Beginning March 2025
+Added: March 2025 - Present
Vice President, Engineering Adhesives, Global Mobility
16 unchanged sentences
October 2020 - June 2022
−Removed: Vice President and Deputy General Counsel, Safety and Productivity Solutions, Honeywell International, Inc.
−Removed: November 2019 - October 2020
Executive Vice President, Business Transformation
4 unchanged sentences
March 2020 - December 2022
−Removed: Director, Human Resources
−Removed: 2017 - March 2020
−Removed: Magalhaes has been appointed to the role of Senior Vice President, Engineering Adhesives, effective March 1, 2025.
Available Information
1 unchanged sentence
www.hbfuller.com.
−Removed: We file annual, quarterly and current reports, proxy statements and other information with the SEC via EDGAR.
+Added: We file annual, quarterly and current reports, proxy statements and other information with the SEC via EDGAR Next.
Our SEC filings are available free of charge to the public on the SEC website at www.sec.gov and on our website as soon as reasonably practicable after they have been filed with or furnished to the SEC.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.