secwatch.observer — SEC 8-K summary
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Issuer:     FULLER H B CO (FUL)
CIK:        0000039368
Form:       8-K
Filed at:   2023-06-29T23:59:59+00:00
Accession:  0001437749-23-018836
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/39368/000143774923018836/0001437749-23-018836-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/39368/000143774923018836/ful20230628_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-018836

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