secwatch.observer — SEC 8-K summary
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Issuer:     FULLER H B CO (FUL)
CIK:        0000039368
Form:       8-K
Filed at:   2023-09-28T23:59:59+00:00
Accession:  0001437749-23-026973
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/39368/000143774923026973/0001437749-23-026973-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/39368/000143774923026973/ful20230927_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-026973

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