Hillman’s Board of Directors Approves $100 Million Share Repurchase Program
Hillman Solutions (Nasdaq: HLMN) has announced its first share repurchase program since going public in 2021. The company's Board of Directors has authorized the repurchase of up to $100 million of outstanding common stock.
The program allows for stock repurchases through various methods, including a 10b5-1 trading plan, open market purchases, and privately negotiated transactions. CEO Jon Michael Adinolfi highlighted the company's improved balance sheet position and stated that the program will complement their strategies for organic growth, debt reduction, and acquisition-based expansion.
Hillman Solutions (Nasdaq: HLMN) ha annunciato il suo primo programma di riacquisto di azioni dalla quotazione nel 2021. Il Consiglio di Amministrazione ha autorizzato il riacquisto fino a 100 milioni di dollari di azioni ordinarie in circolazione.
Il programma prevede riacquisti di azioni tramite diverse modalità, tra cui un piano di trading 10b5-1, acquisti sul mercato aperto e transazioni negoziate privatamente. Il CEO Jon Michael Adinolfi ha sottolineato il miglioramento della posizione patrimoniale della società e ha affermato che il programma integrerà le strategie per la crescita organica, la riduzione del debito e l’espansione tramite acquisizioni.
Hillman Solutions (Nasdaq: HLMN) ha anunciado su primer programa de recompra de acciones desde su salida a bolsa en 2021. El Consejo de Administración ha autorizado la recompra de hasta 100 millones de dólares en acciones ordinarias en circulación.
El programa permite recompras de acciones mediante varios métodos, incluyendo un plan de trading 10b5-1, compras en el mercado abierto y transacciones negociadas de forma privada. El CEO Jon Michael Adinolfi destacó la mejora en la posición financiera de la compañía y afirmó que el programa complementará sus estrategias de crecimiento orgánico, reducción de deuda y expansión mediante adquisiciones.
Hillman Solutions (나스닥: HLMN)은 2021년 상장 이후 처음으로 자사주 매입 프로그램을 발표했습니다. 이사회는 최대 1억 달러 상당의 보통주 매입을 승인했습니다.
본 프로그램은 10b5-1 거래 계획, 공개 시장 매입, 사적 협상 거래 등 다양한 방법을 통해 자사주를 매입할 수 있도록 합니다. CEO Jon Michael Adinolfi는 회사의 재무 상태가 개선되었음을 강조하며, 이 프로그램이 유기적 성장, 부채 감축 및 인수 기반 확장 전략을 보완할 것이라고 밝혔습니다.
Hillman Solutions (Nasdaq : HLMN) a annoncé son premier programme de rachat d’actions depuis son introduction en bourse en 2021. Le conseil d’administration a autorisé le rachat jusqu’à 100 millions de dollars d’actions ordinaires en circulation.
Le programme permet des rachats d’actions par différentes méthodes, incluant un plan de trading 10b5-1, des achats sur le marché ouvert et des transactions négociées de manière privée. Le PDG Jon Michael Adinolfi a souligné l’amélioration de la situation financière de l’entreprise et a déclaré que ce programme viendra compléter leurs stratégies de croissance organique, de réduction de la dette et d’expansion par acquisitions.
Hillman Solutions (Nasdaq: HLMN) hat sein erstes Aktienrückkaufprogramm seit dem Börsengang im Jahr 2021 angekündigt. Der Vorstand hat den Rückkauf von bis zu 100 Millionen US-Dollar an ausstehenden Stammaktien genehmigt.
Das Programm ermöglicht Aktienrückkäufe durch verschiedene Methoden, einschließlich eines 10b5-1 Handelsplans, Käufen am offenen Markt und privat verhandelten Transaktionen. CEO Jon Michael Adinolfi hob die verbesserte Bilanzsituation des Unternehmens hervor und erklärte, dass das Programm ihre Strategien für organisches Wachstum, Schuldenabbau und akquisitionsbasierte Expansion ergänzen wird.
- First share repurchase program since 2021 IPO demonstrates financial strength
- Significant $100 million buyback authorization shows confidence in company value
- Improved balance sheet position enables strategic capital allocation
- Company maintains flexibility for organic growth, acquisitions, and debt reduction
- Share repurchases may reduce available capital for other strategic initiatives
- Program implementation could impact cash reserves and financial flexibility
Share Repurchase Program is Hillman’s first since becoming public in 2021
CINCINNATI, Aug. 05, 2025 (GLOBE NEWSWIRE) -- Hillman Solutions Corp. (Nasdaq: HLMN) (the “Company” or “Hillman”), a leading provider of hardware products and merchandising solutions, announced that its Board of Directors has authorized an initial share repurchase program (“SRP”) for up to
This new authorization permits shares of common stock to be repurchased from time to time at management's discretion, through a variety of methods, including a 10b5-1 trading plan, open market purchases, privately negotiated transactions or transactions otherwise in compliance with Rule 10b-18 under the Securities Exchange Act of 1934, as amended.
This is the first SRP that Hillman has implemented since becoming publicly traded in 2021.
Jon Michael Adinolfi, Hillman’s President and CEO, commented: “We have made great progress improving our balance sheet over the past few years, and now feel it prudent to put a share repurchase program in place. The SRP gives us the opportunity to buy back stock while we continue to invest in organic growth opportunities, pay down debt, and grow through acquisition."
About Hillman Solutions Corp.
Hillman Solutions Corp. (“Hillman”) is a leading provider of hardware-related products and solutions to home improvement, hardware, and farm and fleet retailers across North America. Renowned for its commitment to customer service, Hillman has differentiated itself with its competitive moat built on direct-to-store shipping, a dedicated in-store sales and service team of over 1,200 professionals, and over 60 years of product and industry experience. Hillman’s extensive portfolio includes hardware solutions (fasteners, screws, nuts and bolts), protective solutions (work gloves, jobsite storage and protective gear), and robotic and digital solutions (key duplication and tag engraving). Leveraging its world-class distribution network, Hillman regularly earns vendor of the year recognition from top customers. For more information on Hillman, visit www.hillman.com.
Forward-Looking Statements
All statements made in this press release that are considered to be forward-looking are made in good faith by the Company and are intended to qualify for the safe harbor from liability established by Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the Private Securities Litigation Reform Act of 1995. You should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," “target”, “goal”, "may," "will," "could," "should," "believes," "predicts," "potential," "continue," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, the Company’s expectations with respect to future performance. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside the Company's control and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) unfavorable economic conditions that may affect our and our customers’, suppliers’ and other business partners’ operations, financial condition and cash flows including spending on home renovation or construction projects, inflation, recessions, instability in the financial markets or credit markets; (2) increased supply chain costs, including tariffs, raw materials, sourcing, transportation and energy; (3) the highly competitive nature of the markets that we serve; (4) the ability to continue to innovate with new products and services; (5) seasonality; (6) large customer concentration; (7) the ability to recruit and retain qualified employees; (8) the outcome of any legal proceedings that may be instituted against the Company; (9) adverse changes in currency exchange rates; or (10) regulatory changes and potential legislation that could adversely impact financial results. The foregoing list of factors is not exclusive, and readers should also refer to those risks that are included in the Company’s filings with the Securities and Exchange Commission (“SEC”), including the Annual Report on Form 10-K filed on February 20, 2025. Given these uncertainties, current or prospective investors are cautioned not to place undue reliance on any such forward looking statements.
Except as required by applicable law, the Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements in this communication to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.
Contact:
Investors
Michael Koehler
Vice President of Investor Relations & Treasury
513-826-5495
IR@hillmangroup.com
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