---
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"
generated_at: "2026-06-10T07:52:07.068039+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# H.B. Fuller Q3 net income $38M; revenue $901M; adj. EBITDA +13% to $156M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-026973
- JSON: https://secwatch.observer/filing/0001437749-23-026973.json
- Plain text: https://secwatch.observer/filing/0001437749-23-026973.txt

## Key facts
- Earnings Releases
  FULLER H B CO reported third quarter ended September 2, 2023 results: revenue $901 million, net income $38 million, EPS $0.67.
  - Period: third quarter ended September 2, 2023
  - Revenue: $901 million
  - Net income: $38 million
  - EPS: $0.67
  - Result: reported results
  source text: – 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_url: https://www.sec.gov/Archives/edgar/data/39368/000143774923026973/0001437749-23-026973-index.htm
- Earnings Releases
  FULLER H B CO reported third quarter ended September 2, 2023 results: revenue $901 million, net income $38 million, EPS $0.67.
  - Period: third quarter ended September 2, 2023
  - Revenue: $901 million
  - Net income: $38 million
  - EPS: $0.67
  - Result: reported results
  source text: Net revenue of $901 million, down 4.3% year-on-year; organic revenue decreased 7.4% year-on-year, driven by lower volume;
  evidence_url: https://www.sec.gov/Archives/edgar/data/39368/000143774923026973/0001437749-23-026973-index.htm
- Earnings Releases
  FULLER H B CO updated its fiscal 2023 guidance (lowered).
  - Period: fiscal 2023
  - Guidance: lowered
  - Result: guidance update
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/39368/000143774923026973/0001437749-23-026973-index.htm
- Earnings Releases
  FULLER H B CO updated its fiscal 2023 guidance (lowered).
  - Period: fiscal 2023
  - Guidance: lowered
  - Result: guidance update
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/39368/000143774923026973/0001437749-23-026973-index.htm
- Earnings Releases
  FULLER H B CO updated its fiscal 2023 guidance (lowered).
  - Period: fiscal 2023
  - Guidance: lowered
  - Result: guidance update
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/39368/000143774923026973/0001437749-23-026973-index.htm

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