---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-018836"
form_type: "8-K"
ticker: "FUL"
cik: "0000039368"
company_name: "FULLER H B CO"
filed_at: "2023-06-29T23:59:59+00:00"
generated_at: "2026-06-13T15:09:00.834306+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# H.B. Fuller Q2 2023: Adj EBITDA $143M inline; revenue down 9.6% YoY to $898M

## Summary
- Adjusted gross margin expanded 330 bps YoY to 29.0%, driving margin improvement.
- Cash flow from operations surged $94M YoY to $103M in Q2.
- Adjusted EPS (diluted) $0.93, down YoY due to higher interest and FX headwinds.
- FY 2023 adjusted EBITDA guidance reaffirmed $580M-$610M; organic revenue now expected down 3-5%.
- Volume declined 14.2% YoY on customer destocking; pricing contributed +5.9% to organic growth.

## SEC filing metadata
- accession: 0001437749-23-018836
- form_type: 8-K
- ticker: FUL
- cik: 0000039368
- company_name: FULLER H B CO
- filed_at: 2023-06-29T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/39368/000143774923018836/0001437749-23-018836-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/39368/000143774923018836/ful20230628_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-018836
- JSON: https://secwatch.observer/filing/0001437749-23-018836.json
- Plain text: https://secwatch.observer/filing/0001437749-23-018836.txt

## Key facts
- Earnings Releases
  FULLER H B CO reported second quarter ended June 3, 2023 results: revenue $898 million, net income $40 million, EPS $0.73 per diluted share.
  - Period: second quarter ended June 3, 2023
  - Revenue: $898 million
  - Net income: $40 million
  - EPS: $0.73 per diluted share
  - Result: reported results
  source text: ■ Net revenue of $898 million, down 9.6% year-on-year; organic revenue decreased 8.3% year-on-year, driven by lower volume; ■ Gross margin was 28.6%; adjusted gross margin of 29.0% increased 330 basis points year-on-year, driven by the combined impact of pricing and raw material cost actions; ■ Net income was $40 million; adjusted EBITDA was $143 million, at the mid-point of Company guidance and up 3% year-on-year, adjusted EBITDA margin expanded 190 basis points year-on-year to 15.9%; ■ Reported EPS (diluted) was $0.73; adjusted EPS (diluted) was $0.93
  evidence_url: https://www.sec.gov/Archives/edgar/data/39368/000143774923018836/0001437749-23-018836-index.htm

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