secwatch.observer — SEC 8-K summary
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Issuer:     FULLER H B CO (FUL)
CIK:        0000039368
Form:       8-K
Filed at:   2024-01-18T23:59:59+00:00
Accession:  0001437749-24-001582
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/39368/000143774924001582/0001437749-24-001582-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/39368/000143774924001582/ful20240117_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-001582

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