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Hillman Solutions Corp. reports developments tied to its hardware products and merchandising solutions business in North America. Company updates commonly cover fasteners, related hardware, protective products, key duplication, tag engraving, and merchandising programs serving home improvement, hardware, farm and fleet, and other retail channels.
Recurring news themes include quarterly results, financial guidance, category expansion, and channel growth across retail, Pro distribution, and industrial MRO markets. Hillman news also covers completed acquisitions such as Delaney Hardware and Campbell Chain & Fittings, which added door hardware, builder’s hardware, industrial chain products, and U.S.-based manufacturing capabilities to its product and distribution platform.
Hillman Solutions Corp. (HLMN) reported its Q4 and full-year 2024 results, showing mixed performance. Q4 net sales increased 0.5% to $349.6 million, though the company posted a net loss of $(1.2) million. For full-year 2024, net sales slightly decreased by 0.3% to $1.47 billion, but net income improved to $17.3 million compared to a loss in 2023.
The company achieved record Adjusted EBITDA of $241.8 million for 2024, despite an $8.6 million write-off from True Value receivables. Net debt decreased to $674.0 million, improving the net debt to Adjusted EBITDA ratio to 2.8x. The company completed two strategic acquisitions: Koch Industries and Intex DIY.
For 2025, Hillman provided guidance projecting net sales of $1.495-$1.575 billion, Adjusted EBITDA of $255-$275 million, and Free Cash Flow of $90-$110 million.
Hillman Solutions Corp. (Nasdaq: HLMN) has announced it will release its earnings report and 2025 guidance for the thirteen and fifty-two weeks ended December 28, 2024, on Tuesday, February 18. The company will host a conference call at 8:30 a.m. Eastern Time on the same day to discuss the results.
The results presentation will be led by Executive Chairman Doug Cahill, President and CEO Jon Michael Adinolfi, and CFO Rocky Kraft. A live webcast will be available for listeners, while sell-side analysts can participate in the Q&A session by registering through a provided link. A replay of the webcast will be accessible approximately one hour after the presentation concludes.
Hillman Solutions Corp. (HLMN) has successfully repriced its $643 million Term Loan due July 14, 2028, reducing the interest rate margin by 25 basis points to SOFR + 200 basis points. This adjustment is expected to generate annual interest savings of approximately $1.6 million, with one-time fees of about $1.0 million.
Since March 2024, the spread between Hillman's term note borrowing cost and SOFR has decreased by 86 basis points total, comprising 61 basis points from repricing and 25 basis points from qualifying for a lower spread due to leverage-based pricing. The company expects to conclude 2024 with a Net Debt to Adjusted EBITDA leverage ratio of 2.7 times. Management plans to focus on debt repayment, investing in profitable growth opportunities, and pursuing accretive tuck-in acquisitions.
Hillman Solutions Corp. (HLMN) reported Q3 2024 results with net sales decreasing 1.4% to $393.3 million. Net income improved to $7.4 million ($0.04 per diluted share), up from $5.1 million in the prior year. Adjusted EBITDA increased to $72.6 million from $66.8 million. The company acquired Intex DIY and won vendor partner awards from Lowe's and Home Depot. Updated FY2024 guidance projects net sales of $1.455-1.485 billion and Adjusted EBITDA of approximately $250 million. Net debt decreased to $698.7 million, with debt leverage improving to 2.8x.
Hillman Solutions Corp. (Nasdaq: HLMN), a leading provider of hardware products and merchandising solutions, has announced its plans to host a conference call to discuss its third quarter 2024 financial results on Tuesday, November 5, 2024, at 8:30 a.m. Eastern Time. The company will release its earnings report on the same day prior to the presentation.
The results presentation will be hosted by Chairman, President, and CEO Doug Cahill; COO Jon Michael Adinolfi; and CFO Rocky Kraft. A listen-only webcast will be available for the general public, while research analysts can participate in the live Q&A session by registering separately. A webcast replay will be accessible approximately one hour after the presentation concludes.
Hillman's earnings release, quarterly presentation, and 10-Q are expected to be filed with the SEC and posted on the company's investor relations website before the results presentation begins.
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.