HILLMAN SOLUTIONS CORP Stock Price, News & Analysis

Hillman Solutions Corp. (HLMN) announced the closing of its public offering of 14,950,000 shares of common stock at $10.00 per share. This includes 1,950,000 shares sold due to the underwriters’ full exercise of their option to purchase additional shares. The offering was conducted by certain Selling Stockholders, and Hillman did not receive any proceeds from this sale. Jefferies and Baird acted as lead managers, while Stifel served as a joint manager.

Hillman Solutions Corp. (HLMN) has announced an upsize of its public offering from 10 million to 13 million shares at $10.00 per share, set to close around April 18, 2022. The offering is fully from existing stockholders, meaning Hillman will not receive any proceeds. Additionally, a 30-day option for underwriters allows them to purchase up to 1,950,000 additional shares. Jefferies and Baird are leading the offering. The SEC has declared the registration statement effective, and interested investors should review the prospectus for detailed information.

Hillman Solutions Corp. (HLMN) announced a public offering of 10 million shares of common stock by certain stockholders. The offering includes a 30-day underwriter option for an additional 1.5 million shares. Hillman will not receive proceeds from this sale. Jefferies and Baird are the lead managers for the offering, with Stifel as a joint manager. The registration statement has been declared effective by the SEC, and the offering will proceed under a preliminary prospectus supplement. This offering does not constitute a solicitation to buy securities.

Hillman Solutions Corp. (HLMN) announced preliminary financial results for the first quarter of 2022, revealing net sales of $363.0 million, up from $341.3 million year-over-year. Operating income increased to $8.8 million from $5.8 million in the prior year, though Adjusted EBITDA fell to $44.0 million compared to $47.8 million previously. The company will release its final earnings and host a presentation on May 3, 2022, at 8:30 AM ET.

Hillman Solutions Corp. (Nasdaq: HLMN) has appointed Michael Koehler as Vice President of Investor Relations and Treasury as of April 6, 2022. Koehler brings over 11 years of experience in the field, having previously served at Phillips Edison & Company and Gateway Investor Relations. His expertise aims to enhance Hillman's growth and strengthen its investor relationships. Koehler expressed enthusiasm for joining Hillman's team, highlighting the company's reputation for excellence.

Hillman Solutions Corp. (Nasdaq: HLMN) reported a 5.3% increase in fourth-quarter net sales for 2021, reaching $344.5 million, compared to $327.1 million in the prior year. The GAAP net income turned positive at $6.5 million, contrasting with a loss of $14.0 million in Q4 2020. However, adjusted EBITDA decreased by 10.4% to $38.6 million. For the full fiscal year, net sales rose 4.2% to $1,426.0 million, while the GAAP net loss widened to $38.3 million from a loss of $24.5 million in 2020, with adjusted EBITDA also declining by 6.2% to $207.4 million.

Hillman Solutions Corp. (Nasdaq: HLMN) will host a conference call on March 2, 2022, at 8:30 am ET to discuss its financial results for the fourth quarter ended December 25, 2021. Participants can join by dialing (866) 673-2033 (toll-free) or (409) 217-8313 (international). A live audio webcast will also be available on the company’s website. Hillman, founded in 1964, serves over 42,000 customers with innovative hardware solutions and a strong distribution network.

Hillman Solutions Corp. (NASDAQ: HLMN) announced the successful redemption of all outstanding Public and Private Warrants, originally issued during its IPO. The redemption, completed by December 22, 2021, resulted in approximately 97.2% of the Public Warrants being exercised, generating $7,659 in cash proceeds. Following this, the Public Warrants were delisted from The Nasdaq Global Market. Hillman continues to trade its Common Stock under the symbol HLMN, focusing on providing complete hardware solutions and exceptional customer service across North America.

Hillman Solutions Corp. (NASDAQ: HLMN) announced plans to redeem all outstanding Public and Private Warrants on December 22, 2021, for a price of $0.10 each. This redemption is subject to conditions related to the Common Stock's trading price, needing to exceed $10 for a specified period. Holders can exercise their Warrants until the redemption time, with options for cash or cashless exercise. Remaining unexercised Warrants after the deadline will be void. Hillman’s stock has been registered under the Securities Act of 1933, ensuring compliance with regulatory standards.