Welcome to our dedicated page for HILLMAN SOLUTIONS news (Ticker: HLMN), a resource for investors and traders seeking the latest updates and insights on HILLMAN SOLUTIONS stock.
Hillman Solutions Corp (HLMN) delivers essential hardware products and retail merchandising services across North America. This news hub provides investors and industry professionals with timely updates on corporate developments, financial performance, and strategic initiatives shaping the hardware solutions sector.
Access comprehensive coverage of earnings announcements, product innovations, and partnership agreements. Our curated collection features press releases on robotic automation advancements, protective equipment launches, and market expansion efforts across the United States, Canada, and Mexico.
Discover updates spanning key operational areas including builder hardware distribution, retail merchandising solutions, and digital supply chain enhancements. The resource enables stakeholders to track regulatory filings, leadership appointments, and sustainability initiatives without promotional bias.
Bookmark this page for streamlined access to HLMN's latest corporate communications. Combine our news archive with SEC filings and industry analysis for complete market understanding.
Hillman Solutions Corp. (Nasdaq: HLMN) has acquired Intex DIY, Inc., a leading supplier of cleaning textiles. This acquisition expands Hillman's Protective Solutions business, which includes popular work glove brands. Intex, founded in 2005, has developed patented products that have reinvented the cleaning rag category. Intex's 2024 annual revenue is expected to be approximately $55 million.
The acquisition strengthens Hillman's position in the cleaning products category. Intex has a 98% fill rate with its top ten customers, whom it has served for an average of nearly 15 years. This marks Hillman's second acquisition in 2024, following the purchase of Koch Industries in January. Financial terms of the transaction were not disclosed.
Hillman Solutions Corp. (HLMN) reported its Q2 2024 results, showing mixed performance. Net sales slightly decreased by 0.2% to $379.4 million, but net income increased to $12.5 million ($0.06 per diluted share) from $4.5 million in the prior year. Adjusted EBITDA improved to $68.4 million from $58.0 million. Year-to-date, net sales remained unchanged at $729.7 million, while net income turned positive at $11.0 million compared to a loss in the previous year.
The company updated its full-year 2024 guidance, lowering net sales expectations to $1.44-$1.48 billion but increasing Adjusted EBITDA guidance to $240-$250 million. Hillman also announced a leadership transition effective January 1, 2025, with Jon Michael Adinolfi becoming President and CEO, and Doug Cahill transitioning to Executive Chairman.
Hillman Solutions Corp. (Nasdaq: HLMN) has announced a planned leadership succession, effective January 1, 2025. Jon Michael Adinolfi, the current Chief Operating Officer, will transition to the role of President and CEO, while Doug Cahill, the current Chairman, President, and CEO, will become Executive Chairman.
Adinolfi, with a strong background in the hardware and home improvement industry, aims to continue Hillman's legacy of service and growth. He has set a goal of achieving $2 billion in net sales through organic growth and M&A. Cahill, who has led Hillman for the past ten years, expressed confidence in Adinolfi's leadership abilities and the company's future.
This transition marks only the sixth CEO in Hillman's 60-year history, emphasizing the company's commitment to continuity and customer-focused strategy.
Hillman Solutions Corp. (Nasdaq: HLMN) announced its second quarter 2024 earnings release and results presentation date. The company will discuss its performance for the thirteen weeks ended June 29, 2024, via a conference call on Tuesday, August 6, 2024, at 8:30 a.m. Eastern Time. The earnings release will be published on the same day prior to the presentation. The event will be hosted by CEO Doug Cahill, COO Jon Michael Adinolfi, and CFO Rocky Kraft. A listen-only webcast will be available, with a replay accessible approximately one hour after the presentation. The earnings release, quarterly presentation, and 10-Q will be filed with the SEC and posted on Hillman's website before the presentation begins.
Hillman Solutions Corp. (Nasdaq: HLMN) has released its second annual ESG fact sheet, detailing initiatives for the year ending December 31, 2023. The report highlights achievements in sustainability, corporate governance, and social impact. Key accomplishments include a three-year assessment of Scope 1-3 greenhouse gas emissions from 2020-2022, which will serve as a baseline for future measurements. The fact sheet also covers awards received, board diversity, workplace safety and inclusivity, and community involvement. Hillman remains focused on innovation, inclusivity, and environmental responsibility.
Conceal, a leader in browser security, announces the addition of Brian NeSmith and Diane Honda to its Board of Directors. Both bring extensive cybersecurity and business transformation experience. Brian, founder of Arctic Wolf and former CEO of Blue Coat Systems, has over 30 years in cybersecurity leadership, driving revenue growth and global scaling. Diane, former Chief Administrative Officer at Barracuda Networks, has expertise in legal, HR, compliance, operations, and risk management. Their appointments aim to strengthen Conceal's strategic direction and growth.
Hillman Solutions Corp. (Nasdaq: HLMN), a leading hardware products provider, reported first quarter 2024 financial results with net sales up 0.2% to $350.3 million. Adjusted diluted EPS was $0.10 per share. The company's net loss decreased to $(1.5) million from $(9.1) million in the prior year quarter. Hillman's liquidity stood at $242.3 million with a strong balance sheet. The company reiterated its full year 2024 guidance with expectations of solid performance.
FAQ
What is the current stock price of HILLMAN SOLUTIONS (HLMN)?
What is the market cap of HILLMAN SOLUTIONS (HLMN)?
