Fuller H B (FUL) risk factors, 2025 10-K

Fuller H B's 2025 10-K lists 21 risk factors in 4 groups. No earlier 10-K is on file to compare against, so the most company-specific risks are read out below.

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Risk factors listed
214 groups
Section length
5k wordsItem 1A

What dominates the section

  • Raw materials represent approximately 75% of cost of sales, making input prices a major margin risk.
  • International operations generate 55% of revenue, exposing results to foreign-market, currency, regulatory, and geopolitical disruptions.
  • Adhesives and specialty chemicals create significant product liability, environmental, safety, cyber, and regulatory exposure.

The risks most specific to Fuller H B

  • Strategic and Operational Risks

    Increases in prices and declines in the availability of raw materials have adversely affected, and could continue to erode, our profit margins, and could negatively impact our operating results

    Raw material costs equal approximately 75% of cost of sales; a 1% change would have affected 2024 net income by about $12 million.

  • Macroeconomic Risks

    Uncertainties in foreign economic, political, regulatory and social conditions and fluctuations in foreign currency may adversely affect our results

    Approximately 55% of 2024 revenue came from outside the United States, especially exposing the company to conditions in Brazil, Russia, China, Turkey, and Egypt.

  • Macroeconomic Risks

    The military conflicts between Russia and Ukraine and in the Middle East, and the global response to these events, could adversely impact our revenues, gross margins and financial results

    The Russia-Ukraine and Middle East conflicts may raise energy costs, disrupt supply, restrict Russian business, and reduce revenues and margins.

  • Legal and Regulatory Risks

    Our business exposes us to potential product liability, warranty, and tort claims, as well as recalls and regulatory enforcement actions, which may negatively impact our operations, financial results, and reputation

    Adhesives, sealants, and specialty chemicals used in medical, automotive, food, aerospace, construction, and hygiene markets expose Fuller to recalls and liability claims.

  • Legal and Regulatory Risks

    Costs and expenses resulting from compliance with environmental laws and regulations may negatively impact our operations and financial results

    Environmental rules governing chemicals, hazardous materials, exports, and health and safety could increase compliance costs and restrict operations.

  • Strategic and Operational Risks

    We are at risk of cyber-attacks and other security breaches that could compromise sensitive business information, undermine our ability to operate effectively and expose us to liability, which could cause our business and reputation to suffer

    Cyberattacks, ransomware, phishing, insider misuse, and nation-state intrusions could expose sensitive information, interrupt operations, and create liability.

  • Strategic and Operational Risks

    Risks associated with acquisitions and divestitures could have an adverse effect on us and the inability to execute organizational restructuring may affect our results

    Acquisitions, divestitures, and restructuring may fail to deliver expected benefits or disrupt the company’s portfolio and results.

  • Financial Risks

    Our current indebtedness could have a negative impact on our liquidity or restrict our activities

    Existing debt covenants and leverage could restrict financing, acquisitions, capital spending, and other activities while weakening liquidity.

All 21 risk factors

Headings as the filing states them, in filing order.

Strategic and Operational Risks

  1. 01Increases in prices and declines in the availability of raw materials have adversely affected, and could continue to erode, our profit margins, and could negatively impact our operating results
  2. 02We are at risk of cyber-attacks and other security breaches that could compromise sensitive business information, undermine our ability to operate effectively and expose us to liability, which could cause our business and reputation to suffer
  3. 03We experience substantial competition in each of the operating segments and geographic areas in which we operate
  4. 04Failure to develop and/or acquire new products and protect our intellectual property could negatively impact our future performance and growth
  5. 05Our operations may present health and safety risks
  6. 06A failure in our information technology systems could negatively impact our business
  7. 07Risks associated with acquisitions and divestitures could have an adverse effect on us and the inability to execute organizational restructuring may affect our results
  8. 08Our business and operations have been, and may in the future, be adversely affected by epidemics, pandemics, outbreaks of disease and other adverse public health developments

Macroeconomic Risks

  1. 09Uncertainties in foreign economic, political, regulatory and social conditions and fluctuations in foreign currency may adversely affect our results
  2. 10Distressed financial markets may result in dramatic deflation of financial asset valuations and high interest rates may disrupt the availability of capital
  3. 11The military conflicts between Russia and Ukraine and in the Middle East, and the global response to these events, could adversely impact our revenues, gross margins and financial results
  4. 12Catastrophic events could disrupt our operations or the operations of our suppliers or customers, having a negative impact on our financial results

Legal and Regulatory Risks

  1. 13The impact of changing laws or regulations or the manner of interpretation or enforcement of existing laws or regulations could adversely impact our financial performance and restrict our ability to operate our business or execute our strategies
  2. 14Costs and expenses resulting from compliance with environmental laws and regulations may negatively impact our operations and financial results
  3. 15Climate change, or legal, regulatory or market measures to address climate change, may materially adversely affect our financial condition and business operations
  4. 16Our business exposes us to potential product liability, warranty, and tort claims, as well as recalls and regulatory enforcement actions, which may negatively impact our operations, financial results, and reputation
  5. 17We have lawsuits and claims against us with uncertain outcomes
  6. 18The Company’s effective tax rate could be volatile and materially change as a result of the adoption of new tax legislation and other factors
  7. 19Additional income tax expense or exposure to additional income tax liabilities could have a negative impact on our financial results

Financial Risks

  1. 20We may be required to record impairment charges on our goodwill or long-lived assets
  2. 21Our current indebtedness could have a negative impact on our liquidity or restrict our activities

Other Fuller H B 10-Ks

  • 2026 10-K risk factors

    20 risks. Raw material costs represent 75 percent of cost of sales, making supply and pricing the dominant operational risk. International operations generate 56 percent of net revenue, exposing the company to foreign economic and political volatility. Compliance with extensive global environmental, climate, and financial reporting laws presents significant regulatory burdens.

    Filed Jan 22, 2026

About this page

Item 1A of the 10-K on EDGAR was split into its risk factors and, where the company's previous 10-K is on file, each heading was matched to last year's and the text compared word for word. The headings are the filing's own. The one-line readings and the overview were written by a language model from the text of the new, dropped, and rewritten risks; they refer to risks by position and cannot misquote a heading.

Fuller H B (FUL) Risk Factors: 2025 10-K, What Changed | Gloomberb