H.B. Fuller (FUL) 8-K Other Events

Exhibit 99.1

H.B. Fuller Segment Results (as revised to reflect new operating segment structure)

Fiscal year ended November 28, 2015

	Q1 15			Q2 15			Q3 15			Q4 15			FY 2015
Net Revenue
Americas Adhesives	$	194,073		$	217,474		$	206,623		$	212,638		$	830,808
EIMEA	$	134,115		$	137,418		$	133,512		$	144,524		$	549,569
Asia Pacific	$	55,343		$	57,553		$	54,645		$	63,130		$	230,671
Construction Products	$	58,456		$	75,831		$	72,404		$	66,002		$	272,693
Engineering Adhesives	$	28,674		$	52,486		$	56,949		$	61,810		$	199,919
Total H.B. Fuller	$	470,661		$	540,762		$	524,133		$	548,104		$	2,083,660
Operating Income
Americas Adhesives	$	21,677		$	35,727		$	33,616		$	36,758		$	127,778
EIMEA	$	685		$	2,294		$	5,325		$	6,813		$	15,117
Asia Pacific	$	3,145		$	2,944		$	2,749		$	4,115		$	12,953
Construction Products	$	1,014		$	6,354		$	3,421		$	2,977		$	13,766
Engineering Adhesives	$	(5,148	)	$	1,036		$	3,432		$	1,551		$	871
Total H.B. Fuller	$	21,373		$	48,355		$	48,543		$	52,214		$	170,485
Depreciation Expense
Americas Adhesives	$	3,890		$	3,944		$	3,852		$	4,030		$	15,716
EIMEA	$	3,901		$	3,708		$	3,616		$	3,999		$	15,224
Asia Pacific	$	1,398		$	1,427		$	1,402		$	1,359		$	5,586
Construction Products	$	1,476		$	1,369		$	1,411		$	1,586		$	5,842
Engineering Adhesives	$	913		$	1,373		$	1,630		$	1,621		$	5,537
Total H.B. Fuller	$	11,578		$	11,821		$	11,911		$	12,595		$	47,905
Amortization Expense
Americas Adhesives	$	1,074		$	1,071		$	991		$	1,038		$	4,174
EIMEA	$	1,284		$	1,163		$	1,131		$	1,163		$	4,741
Asia Pacific	$	390		$	347		$	305		$	302		$	1,344
Construction Products	$	2,391		$	2,408		$	2,335		$	2,345		$	9,479
Engineering Adhesives	$	1,009		$	2,010		$	2,137		$	2,090		$	7,246
Total H.B. Fuller	$	6,148		$	6,999		$	6,899		$	6,938		$	26,984
EBITDA
Americas Adhesives	$	26,641		$	40,742		$	38,459		$	41,826		$	147,668
EIMEA	$	5,870		$	7,165		$	10,072		$	11,975		$	35,082
Asia Pacific	$	4,933		$	4,718		$	4,456		$	5,776		$	19,883
Construction Products	$	4,881		$	10,131		$	7,167		$	6,908		$	29,087
Engineering Adhesives	$	(3,226	)	$	4,419		$	7,199		$	5,262		$	13,654
Total H.B. Fuller	$	39,099		$	67,175		$	67,353		$	71,747		$	245,374
EBITDA Margin
Americas Adhesives		13.7	%		18.7	%		18.6	%		19.7	%		17.8	%
EIMEA		4.4	%		5.2	%		7.5	%		8.3	%		6.4	%
Asia Pacific		8.9	%		8.2	%		8.2	%		9.1	%		8.6	%
Construction Products		8.3	%		13.4	%		9.9	%		10.5	%		10.7	%
Engineering Adhesives		(11.3	)%		8.4	%		12.6	%		8.5	%		6.8	%
Total H.B. Fuller		8.3	%		12.4	%		12.9	%		13.1	%		11.8	%
Adjusted EBITDA
Americas Adhesives	$	26,818		$	41,513		$	38,935		$	42,019		$	149,285
EIMEA	$	6,025		$	9,729		$	10,691		$	15,495		$	41,940
Asia Pacific	$	4,983		$	4,932		$	4,588		$	6,011		$	20,514
Construction Products	$	5,510		$	12,494		$	9,067		$	7,322		$	34,393
Engineering Adhesives	$	(249	)	$	4,714		$	8,924		$	8,306		$	21,695
Total H.B. Fuller	$	43,087		$	73,382		$	72,205		$	79,153		$	267,827
Adjusted EBITDA Margin
Americas Adhesives		13.8	%		19.1	%		18.8	%		19.8	%		18.0	%
EIMEA		4.5	%		7.1	%		8.0	%		10.7	%		7.6	%
Asia Pacific		9.0	%		8.6	%		8.4	%		9.5	%		8.9	%
Construction Products		9.4	%		16.3	%		12.5	%		11.1	%		12.6	%
Engineering Adhesives		(0.9	)%		9.0	%		15.7	%		13.4	%		10.9	%
Total H.B. Fuller		9.2	%		13.5	%		13.8	%		14.4	%		12.8	%

Regulation G Disclosure: The information presented in the table above regarding segment operating income and earnings before interest, taxes, depreciation, and amortization (EBITDA), EBITDA margin, adjusted EBITDA and adjusted EBITDA margin does not conform to generally accepted accounting principles (GAAP) and should not be construed as an alternative to the reported results determined in accordance with GAAP. Management has included this non-GAAP information to assist in understanding the operating performance of the Company and its operating segments as well as the comparability of results. The non-GAAP information provided may not be consistent with the methodologies used by other companies. All non-GAAP information is reconciled with reported GAAP results in the tables below.Adjusted EBITDA and adjusted EBITDA margin are non-GAAP financial measures. Adjusted EBITDA excludes non-recurring costs associated with various activities of the Company including: integrating the Tonsan and ProSpec acquisitions; combining Construction Products facilities in Illinois; ramping up new business with Lowes; the start-up of a new electronics facility in Yantai, China; the prior year’s implementation of SAP in North America; and inventory adjustments, plant inefficiencies and restructuring in EIMEA related to operational efficiency improvement projects. Adjusted EBITDA margin is defined as adjusted EBITDA divided by adjusted net revenue.

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H.B. FULLER COMPANY AND SUBSIDIARIES

REGULATION G RECONCILIATION

In thousands (unaudited)

							Adjusted*
	13 Weeks Ended						13 Weeks Ended
	February 28, 2015			Adjustments*			February 28, 2015
Net income including non-controlling interests	$	9,795			5,482			15,277
Income from equity method investments		(1,291	)		-			(1,291	)
Income taxes		4,769			967			5,736
Interest expense		6,102			(100	)		6,002
Other income (expense), net		(363	)		-			(363	)
Special charges		2,361			(2,361	)		-
Segment operating income		21,373			3,988			25,361
Depreciation expense		11,578			-			11,578
Amortization expense		6,148			-			6,148
EBITDA	$	39,099			3,988			43,087
EBITDA margin		8.3	%					9.2	%

* See disclosure on page 1 of Exhibit 99.1 

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H.B. FULLER COMPANY AND SUBSIDIARIES

REGULATION G RECONCILIATION

In thousands (unaudited)

							Adjusted*
	13 Weeks Ended						13 Weeks Ended
	May 30, 2015			Adjustments*			May 30, 2015
Net income including non-controlling interests	$	25,316			7,046			32,362
Loss from discontinued operations		1,300			(1,300	)		-
Income from equity method investments		(1,366	)		-			(1,366	)
Income taxes		15,387			1,625			17,012
Interest expense		6,215			(230	)		5,985
Other income (expense), net		569			-			569
Special charges		934			(934	)		-
Segment operating income		48,355			6,207			54,562
Depreciation expense		11,821			-			11,821
Amortization expense		6,999			-			6,999
EBITDA	$	67,175			6,207			73,382
EBITDA margin		12.4	%					13.5	%

* See disclosure on page 1 of Exhibit 99.1 

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H.B. FULLER COMPANY AND SUBSIDIARIES

REGULATION G RECONCILIATION

In thousands (unaudited)

							Adjusted*
	13 Weeks Ended						13 Weeks Ended
	August 29, 2015			Adjustments*			August 29, 2015
Net income including non-controlling interests	$	26,886			4,435			31,321
Income from equity method investments		(1,500	)		-			(1,500	)
Income taxes		14,372			1,568			15,940
Interest expense		6,448			146			6,594
Other income (expense), net		1,040			-			1,040
Special charges		1,297			(1,297	)		-
Segment operating income		48,543			4,852			53,395
Depreciation expense		11,911			-			11,911
Amortization expense		6,899			-			6,899
EBITDA	$	67,353			4,852			72,205
EBITDA margin		12.9	%					13.8	%

* See disclosure on page 1 of Exhibit 99.1 

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H.B. FULLER COMPANY AND SUBSIDIARIES

REGULATION G RECONCILIATION

In thousands (unaudited)

							Adjusted*
	13 Weeks Ended						13 Weeks Ended
	November 28, 2015			Adjustments*			November 25, 2015
Net income including non-controlling interests	$	25,100			7,768			32,868
Income from equity method investments		(1,750	)		-			(1,750	)
Income taxes		21,327			(225	)		21,102
Interest expense		6,256			(75	)		6,181
Other income (expense), net		1,219			-			1,219
Special charges		62			(62	)		-
Segment operating income		52,214			7,406			59,620
Depreciation expense		12,595			-			12,595
Amortization expense		6,938			-			6,938
EBITDA	$	71,747			7,406			79,153
EBITDA margin		13.1	%					14.4	%

* See disclosure on page 1 of Exhibit 99.1 

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H.B. FULLER COMPANY AND SUBSIDIARIES

REGULATION G RECONCILIATION

In thousands (unaudited)

							Adjusted*
	52 Weeks Ended						52 Weeks Ended
	November 28, 2015			Adjustments*			November 25, 2015
Net income including non-controlling interests	$	87,097			24,731			111,828
Loss from discontinued operations		1,300			(1,300	)		-
Income from equity method investments		(5,907	)		-			(5,907	)
Income taxes		55,855			3,935			59,790
Interest expense		25,021			(259	)		24,762
Other income (expense), net		2,465			-			2,465
Special charges		4,654			(4,654	)		-
Segment operating income		170,485			22,453			192,938
Depreciation expense		47,905			-			47,905
Amortization expense		26,984			-			26,984
EBITDA	$	245,374			22,453			267,827
EBITDA margin		11.8	%					12.8	%

* See disclosure on page 1 of Exhibit 99.1 

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