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Adhesives & Sealants: capital spending and supply chain

SIC 2891 · 2 companies with filed cash-flow statements

Capital spending, 12 months$210M
Operating cash flow$488M
Capex / cash flow43%
Capex / revenue4.4%
Top 3 share100%

Analysis

2 companies in Adhesives & Sealants (SIC 2891) spent $210M on capital projects over their latest twelve months, 43% of the $488M their operations generated.

Capital spending is 4.4% of the industry's $4.8B of annual revenue.

By the industry's asset mix most of it goes to equipment (44%); about $36.0M is imported.

The largest supplier of that spending is manufacturing structures ($59.9M).

Its largest supplying industries, by the input-output tables: imports ($350M), plastics material and resin manufacturing ($296M), other basic organic chemical manufacturing ($283M).

Charts

Adhesives & Sealants: capital spending by company, latest twelve monthsAdhesives & Sealants: capital spending by company, latest twelve monthsFUL$189MCSW$20.8M
Filed cash-flow statements (SEC XBRL).
Adhesives & Sealants: what the capital spending buys (US part)Adhesives & Sealants: what the capital spending buys (US part)Structures$61.5MEquipment$76.9MSoftware$23.1MOther$12.6M
Capital spending × the industry’s asset mix (BEA fixed assets): grade C, an industry average applied to filed figures.
Adhesives & Sealants: the industries that build and sell what it buysAdhesives & Sealants: the industries that build and sell what it buysManufacturing structures$59.9MSoftware publishers$13.0MMaterial handling equipment manuf…$9.6MOther industrial machinery manufa…$9.5MAir conditioning, refrigeration, …$8.9MOther general purpose machinery m…$6.3MMeasuring, dispensing, and other …$5.6MAir and gas compressor manufactur…$5.3MPlate work and fabricated structu…$4.8MCustom computer programming servi…$4.7M
BEA fixed assets: investment by asset type → supplying industry. Estimates (grade C).
Adhesives & Sealants: its first-tier supplying industriesAdhesives & Sealants: its first-tier supplying industriesImports$350MPlastics material and resin manuf…$296MOther basic organic chemical manu…$283MPetroleum refineries$185MSynthetic rubber and artificial a…$172MManagement of companies and enter…$168MOther nondurable goods merchant w…$131MPaperboard container manufacturing$86.8MRail transportation$86.6MAdhesive manufacturing$72.1M
Purchased inputs × the industry’s input mix (BEA Use table), US part: grade C.
Adhesives & Sealants: where the industry's cash came from (+) and went (−)Adhesives & Sealants: where the industry's cash came from (+) and went (−)Acquisitions−$705MOther financing (in)$603MOperating cash flow$488MCapital spending−$210MBuybacks−$198MNet borrowing$106MDividends−$70.6MNet debt repaid−$26.3MCash drawn from the balance s…$25.2MOther investing (out)−$17.6MShares issued$16.5MOther financing (out)−$15.1MExchange-rate gains on cash$13.1MTaxes paid on employees' shar…−$12.7M
The companies’ cash-flow statements, latest four quarters or fiscal year: every figure filed (grade A).

Capital spending by company

CompanyCapital spendingOperating cash flowCapex / OCFPeriod
FUL Fuller H B$189M$289M65%TTM to Q3 FY26
CSW CSW Industrials$20.8M$198M10%TTM to Q2 FY27

The interactive money flow: switch views, follow each dollar →

Evidence grades: A filed figure · B computed from filed figures · C industry average (BEA input-output and fixed-asset tables) applied to filed figures. Estimates are not the companies’ own records. Not investment advice.