You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text. 
Text: First, a reminder that our comments today will include references to organic revenue, which excludes the impact of foreign currency translation on our revenues.
We believe that discussion of these measures is useful to investors to assist their understanding of our operating performance and how our results compare with other companies.
Unless otherwise specified, discussion of sales and revenue refers to organic revenues and discussion of EPS, margins or EBITDA refers to adjusted non-GAAP measures.
Many of these risks and uncertainties are and will be exacerbated by COVID-19 and resulting deterioration of the global business and economic environment.
In a world where there are unprecedented supply chain shortages and significant inflationary pressures impacting every portion of our business, H.B. Fuller delivered double-digit growth and met our bottom line commitments.
Last evening, we announced strong third quarter results led by 20% year-over-year revenue growth.
Organic revenue was up 16% versus 2020 and was up 13% versus the pre-COVID-19 environment in the third quarter of 2019.
This top line performance reflects broad-based double-digit organic revenue growth in all three global business units and includes significant contributions from both volume and pricing.
We also reported adjusted EBITDA of $111 million and adjusted earnings per share of $0.79.
These results were slightly ahead of our implied guidance.
Our margins in the quarter were reduced as expected and we expect to see significant margin recovery in Q4 and 2022 as our price increases begin to outpace raw material increases and other inflation.
In the third quarter, we continued to gain share in key market segments with our innovative solutions.
We are leveraging our technical capabilities and global footprint as well as our operational speed and agility so that our customers can continue to innovate and build new products.
Our adhesives wins this quarter are in products ranging from new consumer electronics and globally produced solar panels to sustainable food packaging and electric vehicles.
These wins are driving our growth.
At the same time, our team is managing the raw material supply chain exceptionally well, enabling us to meet high customer demand without impacting our sales volumes.
We are also demonstrating our ability to price based on the value our critical adhesive solutions provider our customers.
Through the third quarter, we have implemented $225 million of price adjustments and we took the decisive step of announcing a September 1st increase and surcharge in order to offset further raw material cost increases.
These actions are expected to result in more than $400 million of pricing revenue on an annualized basis.
We anticipate a significant improvement in margins in Q4 and into 2022 as a result of these actions.
We are also prepared to take additional pricing actions as needed at the end of the year.
These pricing actions, coupled with our strong organic volume growth which is up 13% year-to-date, is the basis for our confidence that H.B. Fuller's innovative solutions and global network will continue to drive share gains and significant margin improvement in the quarters ahead.
We are demonstrating an outstanding ability to perform at a highly dynamic macro environment.
Shortages persist for many specialty chemical raw materials, for plastic and metal packaging and for international shipping containers.
We continue to see inflationary cost pressures in terms of materials, freight and labor.
Extraordinary weather conditions during the year have caused shipping disruptions.
Unplanned safety and governmental actions have caused factory closures.
And we continue to navigate the uneven impact of the COVID-19 pandemic around the world.
Through all of this, we are serving customers, we are winning through innovation and we are protecting our margins.
We anticipated growth margin headwinds in the third quarter and we manage them well by controlling SG&A expenses.
We are now positioned to reestablish our margins through higher pricing over a larger base of business.
We've grown our base of business through exceptional support for existing customers, helping other customers in need when we can and by adding new customer business by winning through innovation.
While we overcome these near-term challenges, our actions are aligned with our long-term strategy to grow our business through innovation and continue to build our position as the world's leading dedicated adhesive provider.
We're gaining share in our markets by focusing on providing new and innovative adhesives that enable hygiene and packaging products to be more environmentally friendly, buildings more energy efficient and durable goods stronger and more lightweight.
Our largest customer wins in this quarter were in the areas of electric vehicles and solar panel production.
We are also actively investing to further differentiate our products and expand capacity.
We recently announced a strategic partnership in Europe with Covestro, one of the world's largest polymer suppliers to deliver adhesive with a reduced climate impact for the woodworking composites, textiles and automotive industries.
This partnership is one of our initiatives to advance our sustainability efforts and better enable customers to achieve their own sustainability objectives.
We also recently announced a strategic investment to build a new facility in Cairo to support customers' increased demand in the fast-growing markets of Egypt, Turkey, the Middle East and Africa.
Because of the resilience of our cash flows, we are able to make these investments while continuing to pay down debt, in line with our $200 billion target for 2021.
Now, let me move on to discuss our GBU performance in the third quarter.
Hygiene, Health and Consumable Adhesives third quarter organic sales increased 13% year-over-year with strong growth across the portfolio, including very strong results in packaging applications, beverage labeling and tapes and labels.
As expected, HHC segment EBITDA margin of 12% was down versus last year's strong volume leverage and pricing gains were offset by higher raw material costs.
We expect HHC organic volume growth to continue to be solid in the fourth quarter with pricing gains driving significantly higher margins as we exit the year.
Construction Adhesives organic revenue was up 20% versus last year with strong growth in both flooring and commercial roofing as improving demand, share gains and pricing drove significantly improved top line performance versus 2020.
We saw a significant improvement in pricing contribution in the quarter with pricing contributing 8% of the organic growth in Q3.
We expect these pricing gains and the impact of the surcharge to drive 10% to 15% year-on-year growth in EBITDA in the fourth quarter.
Engineering Adhesives top line results continue to be extremely strong in Q3 with organic revenue up over 19% versus last year, reflecting shared gains and strong pricing execution.
Sales increased versus last year in almost every market with exceptional growth in adhesives for woodworking, insulating glass and new energy.
And looking back to the non-COVID impacted third quarter of 2019, organic revenues were up more than 15%.
We expect continued strength and double-digit full year growth in the segment.
Engineering Adhesives third quarter EBITDA increased 11% year-over-year driven by exceptional volume performance and pricing gains.
We expect double-digit sequential EBITDA growth in the fourth quarter as pricing actions and the surcharge are fully implemented and further offset the impact of raw material cost increases.
Our planning assumptions are that demand will remain strong across our business units.
Raw materials will continue to be tight for the end of the year and pricing will remain elevated against a strong demand backdrop.
We anticipate that higher customer demand and share gains in each of our business units will drive strong year-over-year organic growth.
As a result, revenue in most of our end markets will exceed 2019 levels by double-digits.
Overall, when considering our strategic pricing actions coupled with the solid volume growth in HHC, continued improving performance in Construction Adhesives and strong demand in Engineering Adhesives, we now expect full-year revenue growth of 17% to 18% versus 2020.
I'll begin on Slide 5 with some additional financial details on the third quarter.
Net revenue was up 19.6% versus the same period last year.
Currency had a positive impact of 3.2%.
Adjusting for currency, organic revenue was up 16.4% with volume up 10.1% and pricing up 6.3%.
All three GBUs had double-digit organic growth versus 2020 with Engineering Adhesives and Construction Adhesives up over 19% year-on-year and HHC up 13%.
Top line results were also strong when compared to the non-COVID-impacted third quarter of 2019, which we believe validates the strength of our top line performance.
When compared to Q3 2019, organic revenue increased 13.1% for the total company with strong organic growth for all three GBUs.
Adjusted gross profit was up 3.8% year-on-year but gross profit margin was down as volume growth and pricing gains were more than offset by higher raw material costs.
Adjusted selling, general and administrative expense was down 220 basis points as a percentage of revenue, resulting from strong volume leverage and general expense controls.
Adjusted EBITDA for the quarter of $111 million was up 5% versus the same period last year and adjusted earnings per share were $0.79, up 4% versus the third quarter of last year, driven by strong volume growth, pricing gains and good cost controls offset by higher raw material cost.
Cash flow continued to be strong with cash flow from operations in the quarter of $81 million, similar to the same period last year, despite higher working capital requirements to support the strong top line performance and higher raw material costs.
And we continue to reduce debt, paying down $110 million in the first three quarters of 2021, keeping us on track for our full year debt paydown plan of $200 million.
Regarding our outlook, based on what we know today, we now expect fourth quarter revenue growth to be between 15% and 17%.
We are narrowing our adjusted EBITDA guidance range to $460 million to $470 million, given our expectations for continued strong volume growth and accelerated pricing, offsetting raw material cost increases that we now expect to exceed 15% for the full year.
This would represent full year EBITDA growth in the range of 13% to 16%.
We expect cash flow to be strong for the rest of the year, allowing us to maintain our target to pay down approximately $200 million of debt during 2021.
Early in the year, we set three critical priorities for 2021, volume growth, pricing to value and releasing of greater productivity and operational capacity.
Our double-digit volume growth versus both 2020 and pre-COVID 2019 reflects enduring demand for our critical adhesive solution, market share gains and the success of our global sourcing initiatives.
On pricing, we moved quickly to implement $225 million in pricing actions, which are aligned with the value customers derived from our adhesives.
And we have implemented further increases, which will reestablish our margin profile in the fourth quarter.
And we continue to enable productive efficient capacity to deliver at a high level for our customers with lower factory and overhead cost as a percentage of revenue than last year.
Our execution of these three priorities reinforces that despite varying economic conditions, our clear strategic vision enables us to take rapid decisive actions to create value for our shareholders.
Our performance through the pandemic in 2020 and now through the unique supply and inflationary challenges in 2021 demonstrates our resilience and flexibility as we outperform our competitors.
Our performance consistency through these challenging periods reflects the power of our global team and our business model.
It demonstrates the strength of our cash flow generation and resiliency of our diverse customer set, including a strong and durable HHC business coupled with our substantial growth in Engineering Adhesives and Construction Adhesives.
Looking ahead, innovation will continue to fuel multi-year growth opportunities, including an outsized percentage of our new product pipeline focused on electronics, electric vehicles, building and energy efficiency and more sustainable packaging and hygiene products.
A strong debt paydown track record increases our optionality to deploy capital to acquisitions that add to our portfolio of specialized adhesive solutions.
The actions we have taken in the first three quarters of the year have delivered sizable double-digit top and bottom line growth.
But more importantly, they position us to exit 2021 with significant momentum.
Our business is well positioned for further market share and volume growth, additional pricing gains and sizable margin improvement as we enter 2022.
The last couple of years have demonstrated to investors that the adhesive industry is a great investment, high customer demand for our solutions, high cash flow generation, pricing resiliency and recently announced valuation multiples for adhesive businesses reinforce the premium value adhesive solution providers delivered to customers across a wide range of markets.
As the only global pureplay adhesives provider of scale, we believe we are uniquely equipped to innovate with the speed and agility necessary to help our customers address their most pressing adhesive challenges and to deliver significant long-term value to our investors.
H.B. Fuller is a stronger company today than ever before and we continue to take strategic actions to enhance our capabilities, our productivity, our speed, our agility and our financial profile.
We remain laser-focused on executing our priorities and creating value for shareholders and all stakeholders in the fourth quarter, in 2022 and throughout the years ahead.
Operator, let's open up the call to take some questions.

user
q3 adjusted earnings per share $0.79.
based on current assumptions, we have increased our estimated full-year revenue guidance.
for fiscal year 2021, adjusted ebitda is anticipated to be about $460 million to $470 million.
full-year revenue growth is now anticipated to be 17% to 18% versus fiscal 2020.
sees q4 revenue growth of 15% to 17% versus q4 of 2020.
pricing actions have been implemented that are expected to restore margins in q4 and into 2022.

assistant