---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-008533"
form_type: "8-K"
ticker: "FUL"
cik: "0000039368"
company_name: "FULLER H B CO"
filed_at: "2023-03-30T23:59:59+00:00"
generated_at: "2026-06-17T09:52:41.938635+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# H.B. Fuller Q1 rev $809M (-5.5%), adj EBITDA $110M (guidance high-end); restructuring for $30-35M annual savings

## Summary
- Net revenue $809M, down 5.5% YoY; organic revenue down 2.5% on 10.8% volume decline offset by 8.3% pricing.
- Adjusted EBITDA $110M (high-end guidance); adjusted EBITDA margin 13.6%, up 40 bps YoY.
- Adjusted EPS $0.55, down YoY due to higher interest and FX; excluding those, up ~6%.
- Initiated restructuring plan with $15-20M pre-tax costs, expected $30-35M annual savings, ~$10M in FY2023.
- FY2023 guidance reaffirmed: adj EBITDA $580-610M, adj EPS $4.10-4.50, revenue down 1-4%.

## SEC filing metadata
- accession: 0001437749-23-008533
- form_type: 8-K
- ticker: FUL
- cik: 0000039368
- company_name: FULLER H B CO
- filed_at: 2023-03-30T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 2.05, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/39368/000143774923008533/0001437749-23-008533-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/39368/000143774923008533/ful20230329_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-008533
- JSON: https://secwatch.observer/filing/0001437749-23-008533.json
- Plain text: https://secwatch.observer/filing/0001437749-23-008533.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/39368/000143774923008533/0001437749-23-008533-index.htm
- Restructurings & Charges
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/39368/000143774923008533/0001437749-23-008533-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.