{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-026973","form_type":"8-K","ticker":"FUL","cik":"0000039368","company_name":"FULLER H B CO","filed_at":"2023-09-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.343967+00:00","generated_at":"2026-06-10T07:52:07.068039+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"H.B. Fuller Q3 net income $38M; revenue $901M; adj. EBITDA +13% to $156M","bullets":["Reported EPS $0.67; adjusted EPS $1.06 flat YoY; revenue down 4.3% (organic -7.4%).","Adjusted gross margin expanded 350 bps YoY to 30.0%; adjusted EBITDA margin up 270 bps to 17.3%.","Cash flow from operations $108M, up $50M YoY; net debt $1,790M.","FY2023 guidance: revenue $3.50-$3.55B, adj. EBITDA $580-$590M (~9-11% growth), adj. EPS $3.80-$3.90.","Restructuring savings estimate raised to $40-45M annually; destocking abating in most end markets."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-026973","json":"https://secwatch.observer/filing/0001437749-23-026973.json","markdown":"https://secwatch.observer/filing/0001437749-23-026973.md","text":"https://secwatch.observer/filing/0001437749-23-026973.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/39368/000143774923026973/0001437749-23-026973-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/39368/000143774923026973/ful20230927_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T07:52:07.068039+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"5f6422eaf68166cebf9b93c82eaaa9cc34e3d63f","claim":"FULLER H B CO reported third quarter ended September 2, 2023 results: revenue $901 million, net income $38 million, EPS $0.67.","evidence_excerpt":"– H.B. Fuller Company (NYSE: FUL) today reported financial results for its third quarter that ended September 2, 2023. Third Quarter 2023 Noteworthy Items: ■ Net revenue of $901 million, down 4.3% year-on-year; organic revenue decreased 7.4% year-on-year, driven by lower volume; ■ Gross margin was 29.3%; adjusted gross margin of 30.0% increased 350 basis points","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/39368/000143774923026973/0001437749-23-026973-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter ended September 2, 2023"},{"label":"Revenue","value":"$901 million"},{"label":"Net income","value":"$38 million"},{"label":"EPS","value":"$0.67"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"5f6422eaf68166cebf9b93c82eaaa9cc34e3d63f","claim":"FULLER H B CO reported third quarter ended September 2, 2023 results: revenue $901 million, net income $38 million, EPS $0.67.","evidence_excerpt":"Net revenue of $901 million, down 4.3% year-on-year; organic revenue decreased 7.4% year-on-year, driven by lower volume;","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/39368/000143774923026973/0001437749-23-026973-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter ended September 2, 2023"},{"label":"Revenue","value":"$901 million"},{"label":"Net income","value":"$38 million"},{"label":"EPS","value":"$0.67"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"88227ab244c4d68b32aa21767467771151f490f0","claim":"FULLER H B CO updated its fiscal 2023 guidance (lowered).","evidence_excerpt":"Net revenue for fiscal 2023 is now expected to be in the range of $3.50 billion to $3.55 billion with organic revenue down 4.5% to 5.5% versus fiscal 2022, reflecting lower volume expectations due to customer destocking actions and slower than anticipated underlying demand conditions;","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/39368/000143774923026973/0001437749-23-026973-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal 2023"},{"label":"Guidance","value":"lowered"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"88227ab244c4d68b32aa21767467771151f490f0","claim":"FULLER H B CO updated its fiscal 2023 guidance (lowered).","evidence_excerpt":"Adjusted EPS (diluted) is now expected to be in the range of $3.80 to $3.90, equating to a range of down 2.5% to 5.0% year-on-year;","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/39368/000143774923026973/0001437749-23-026973-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal 2023"},{"label":"Guidance","value":"lowered"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"88227ab244c4d68b32aa21767467771151f490f0","claim":"FULLER H B CO updated its fiscal 2023 guidance (lowered).","evidence_excerpt":"Adjusted EBITDA for fiscal 2023 is now expected to be in the range of $580 million to $590 million, reflecting lower volume expectations more than offset by higher margins, contributions from acquisitions, and restructuring benefits, equating to growth of approximately 9% to 11% versus fiscal year 2022;","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/39368/000143774923026973/0001437749-23-026973-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal 2023"},{"label":"Guidance","value":"lowered"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}