H.B. Fuller Q4 adjusted EPS $1.32 beats prior year; guides FY2024 up 7-15%

FULLER H B CO

2023-FY EPS reported $2.59 revenue$3,510,934,000

Q4 revenue $903M (-5.8% YoY); organic revenue -3.5%; adjusted gross margin 31.3% (+510bps).
Q4 adjusted EBITDA $173M (+22%); margin 19.1% (record Q4); FY2023 margin 16.5% (record).
FY2024 outlook: revenue +2-6% (organic flat to +3%); adjusted EBITDA $610-640M; adjusted EPS $4.15-4.45.
FY2023 operating cash flow $378M (+48% YoY); net debt-to-adjusted EBITDA at 2.9x.
Company targets >20% adjusted EBITDA margin within 3-5 years.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

FULLER H B CO reported the fourth quarter and fiscal year ended December 2, 2023 results: revenue $903 million, net income $45 million, EPS $0.80 per diluted share.

Period: the fourth quarter and fiscal year ended December 2, 2023
Revenue: $903 million
Net income: $45 million
EPS: $0.80 per diluted share
Result: reported results

Exact text from the filing

record fourth quarter adjusted EBITDA margin on exceptional execution and proactive response to significant customer destocking activity throughout the year; ■ Net revenue was $903 million, down 5.8% year-on-year; net revenue was up 1.2% year-on-year on a 13-week comparable basis; organic revenue decreased 3.5% year-on-year, driven by slightly lower pricing and

View on SEC.gov

Browse all earnings releases →

FULLER H B CO filing history →

Source: SEC EDGAR

accession 0001437749-24-001582

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.