Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
FULLER H B CO reported the first quarter ended March 4, 2023 results: revenue $809 million, net income $22 million, EPS $0.39 per diluted share.
- Period
- the first quarter ended March 4, 2023
- Revenue
- $809 million
- Net income
- $22 million
- EPS
- $0.39 per diluted share
- Result
- reported results
Exact text from the filing
Minn. – H.B. Fuller Company (NYSE: FUL) today reported financial results for its first quarter that ended March 4, 2023. First Quarter 2023 Noteworthy Items: ■ Net revenue of $809 million, down 5.5% year-on-year, in-line with Company expectations; organic revenue decreased 2.5% year-on-year, driven by lower volume, offset by favorable pricing; ■ Gross margin was
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Restructurings & Charges
SEC 8-K Item 2.05/2.06
confidence 0.9
FULLER H B CO announced a restructuring with charges of approximately $15.0 million to $20.0 million ($12.4 million to $16.4 million after-tax) affecting global.
- Type
- restructuring
- Charge
- approximately $15.0 million to $20.0 million ($12.4 million to $16.4 million after-tax)
- Affected area
- global
Exact text from the filing
On March 27, 2023, the Company approved a restructuring plan (the “Plan”) related to organizational changes and other actions to optimize operations. In implementing the Plan, the Company currently expects to incur costs of approximately $15.0 million to $20.0 million ($12.4 million to $16.4 million after-tax), which includes (i) cash expenditures of approximately $13.8 million to $15.0 million ($11.1 million to $12.1 million after tax) for severance and related employee costs globally and (ii) other restructuring costs related to streamlining of processes and the payment of anticipated income taxes in certain jurisdictions related to the Plan.
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