secwatch.observer — SEC 8-K summary
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Issuer:     FULLER H B CO (FUL)
CIK:        0000039368
Form:       8-K
Filed at:   2023-03-30T23:59:59+00:00
Accession:  0001437749-23-008533
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 2.05, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/39368/000143774923008533/0001437749-23-008533-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/39368/000143774923008533/ful20230329_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-008533

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer