Hillman Solutions (HLMN) posts Q2 2026 prelim results and launches $1.11B debt refi
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Hillman Solutions Corp. reported unaudited preliminary results for the thirteen weeks ended June 27, 2026 and launched a refinancing of its capital structure. For Q2 2026, the company estimates net sales between $440 million and $444 million, representing an increase of between 9% and 10% over the prior-year quarter. Preliminary operating income is projected between $40 million and $42 million, up 10% to 16% year over year, and Adjusted EBITDA between $76 million and $78 million, up 1% to 4%.
Management reiterated full-year 2026 guidance, including net sales of $1.630 billion to $1.730 billion, Adjusted EBITDA of $275 million to $285 million, and free cash flow of $100 million to $120 million. Hillman also launched a proposed refinancing consisting of a $735 million senior secured Term Loan B maturing 2033 and a $375 million senior secured asset-based revolving credit facility maturing 2031. Net proceeds are expected to refinance existing debt facilities, pay related fees and expenses, and be used for general corporate purposes. All financial figures are preliminary, unaudited, and subject to change after completion of closing procedures.
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8-K Event Classification
3 items: 2.02, 7.01, 9.01
3 items
Item 2.02
Results of Operations and Financial Condition
Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Preliminary Q2 2026 Net Sales: $440 million to $444 million
Preliminary Q2 2026 Operating Income: $40 million to $42 million
Preliminary Q2 2026 Adjusted EBITDA: $76 million to $78 million
+5 more
8 metrics
Preliminary Q2 2026 Net Sales
$440 million to $444 million
Estimated range for thirteen weeks ended June 27, 2026; up 9%–10% year over year
Preliminary Q2 2026 Operating Income
$40 million to $42 million
Estimated range; increase of between 10% and 16% over the year-ago quarter
Preliminary Q2 2026 Adjusted EBITDA
$76 million to $78 million
Estimated range; increase of between 1% and 4% over the year-ago quarter
FY 2026 Net Sales Guidance
$1.630 billion to $1.730 billion
Reiterated full-year 2026 net sales guidance
FY 2026 Adjusted EBITDA Guidance
$275 million to $285 million
Reiterated full-year 2026 Adjusted EBITDA guidance
FY 2026 Free Cash Flow Guidance
$100 million to $120 million
Reiterated full-year 2026 free cash flow guidance
New Term Loan B Size
$735 million
Proposed senior secured Term Loan B maturing 2033
New ABL Facility Size
$375 million
Proposed senior secured asset-based revolving credit facility maturing 2031
Key Terms
Adjusted EBITDA, asset-based revolving credit facility, Term Loan B, free cash flow, +1 more
5 terms
Adjusted EBITDA financial
"Adjusted EBITDA1 between $76 million and $78 million, an increase of between 1% and 4%"
Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.
asset-based revolving credit facility financial
"refinancing of its existing Term Loan B and asset based revolving credit facility"
A loan arrangement where a lender agrees to make funds available up to a set limit that a borrower can draw, repay, and draw again, with the amount available tied to the value of specific assets (like inventory, receivables, or equipment) pledged as collateral. It matters to investors because it provides flexible working capital while limiting risk exposure: the company can fund growth or cover shortfalls quickly, but borrowing capacity can shrink if asset values fall.
Term Loan B financial
"extend maturities with new $735 million Term Loan B and $375 million ABL"
A Term Loan B (TLB) is a large, syndicated loan made to a company that is typically sold to institutional investors rather than held by banks; think of it as a long-term mortgage from a group of investors with higher interest and smaller early payments. It matters to investors because it changes a company’s debt cost, repayment schedule and credit risk—factors that affect profit, cash flow and the market value of both the company’s equity and its traded debt.
free cash flow financial
"Free Cash Flow 1 | $100 to $120 million"
Free cash flow is the amount of money a company has left over after paying all its expenses and investing in its business, like buying equipment or updating facilities. It shows how much cash is available to reward shareholders, pay down debt, or save for future growth. This helps investors understand if a company is financially healthy and able to grow.
non-GAAP financial measure financial
"Adjusted EBITDA is a non-GAAP financial measure and is the primary basis"
A non-GAAP financial measure is a way companies present their financial results that excludes certain expenses or income to show how they believe their core business is performing. It matters because it can give a clearer picture of how the company is really doing, but it can also be used to make results look better than they actually are.
Earnings Snapshot
Net Sales: $440 million to $444 million · Guidance included
Thirteen weeks ended June 27, 2026
Net Sales
$440 million to $444 million
Increase of between 9% and 10% over the year-ago quarter
Operating Income
$40 million to $42 million
Increase of between 10% and 16% over the year-ago quarter
Adjusted EBITDA
$76 million to $78 million
Increase of between 1% and 4% over the year-ago quarter
Guidance
Reiterated full-year 2026 guidance: net sales $1.630–$1.730 billion, Adjusted EBITDA $275–$285 million, free cash flow $100–$120 million.
FAQ
What preliminary Q2 2026 net sales did Hillman Solutions (HLMN) report?
Hillman Solutions estimates Q2 2026 net sales between $440 million and $444 million, representing an increase of between 9% and 10% over the year-ago quarter, based on unaudited preliminary results tied to the period ended June 27, 2026.
What is Hillman Solutions’ (HLMN) preliminary Q2 2026 profitability?
For Q2 2026, Hillman projects operating income between $40 million and $42 million and Adjusted EBITDA between $76 million and $78 million, reflecting year-over-year increases of 10% to 16% and 1% to 4%, respectively, versus the prior-year quarter.
What full-year 2026 guidance did Hillman Solutions (HLMN) reiterate?
Hillman reiterated 2026 guidance of net sales of $1.630 billion to $1.730 billion, Adjusted EBITDA of $275 million to $285 million, and free cash flow of $100 million to $120 million, consistent with guidance most recently provided on April 27, 2026.
What are the key terms of Hillman Solutions’ (HLMN) proposed debt refinancing?
The refinancing is expected to include a $735 million senior secured Term Loan B maturing 2033 and a $375 million senior secured asset-based revolving credit facility maturing 2031, with net proceeds used to refinance existing facilities and for related fees and general corporate purposes.
How will Hillman Solutions (HLMN) use proceeds from the refinancing Transaction?
Net proceeds from the Transaction are expected to refinance the existing Term Loan B due 2028, pay down the existing ABL facility due 2027, cover related fees and expenses, and support general corporate purposes, subject to successful completion of the Transaction.
When will Hillman Solutions (HLMN) release and discuss full Q2 2026 results?
Hillman plans to issue its Q2 2026 earnings release after market close on August 3, 2026 and host a results presentation on August 4, 2026 at 8:30 a.m. Eastern Time, with a listen-only webcast and replay available online.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 13, 2026
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: (513 ) 851-4900
Former name or former address
Check the appropriate box below if the Form 8−K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a−12 under the Exchange Act (17 CFR 240.14a−12) | |||||
| Pre−commencement communications pursuant to Rule 14d−2(b) under the Exchange Act (17 CFR 240.14d−2(b)) | |||||
| Pre−commencement communications pursuant to Rule 13e−4(c) under the Exchange Act (17 CFR 240.13e− 4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol | Name of each exchange on which registered | ||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02 | Results of Operations and Financial Condition. | ||||
On July 13, 2026, Hillman Solutions Corp. (the “Company”) issued a press release announcing unaudited preliminary financial results for the thirteen weeks ended June 27, 2026 and a proposed refinancing of the Company’s existing Term Loan B and asset based revolving credit facility. A copy of the press release is attached hereto as Exhibit 99.1.
The preliminary financial results presented in the press release are unaudited and preliminary estimates that have been prepared by management in good faith on a consistent basis with prior periods. However, the Company has not completed its financial closing procedures for the thirteen weeks ended June 27, 2026, and actual results are subject to adjustment and may differ from these preliminary estimates, and such differences could be material. Among the factors that could cause or contribute to material differences between the Company’s actual results and expectations indicated by the forward-looking statements are risks and uncertainties that include, but are not limited to: changes to the Company’s financial results for the thirteen weeks ended June 27, 2026 due to the completion of financial closing procedures, final adjustments and other developments that may arise between now and the time that the Company’s financial statements for the period are finalized and publicly released and other risks and uncertainties described below and in the Company’s filings with the Securities and Exchange Commission. In addition, Deloitte & Touche LLP, the Company’s independent registered public accounting firm, has not audited, reviewed, compiled, or performed any procedures with respect to these preliminary financial results and does not express an opinion or any other form of assurance with respect to these preliminary financial results or their achievability. The Company undertakes no obligation to update or supplement the information provided above until the Company releases its financial statements for the thirteen weeks ended June 27, 2026.
The information furnished in this Item 2.02, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and shall not be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.
Item 7.01 | Regulation FD Disclosure | ||||
The information set forth in Item 2.02 of this report is incorporated herein by reference.
Forward-Looking Statements
All statements made in this report and the 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, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Investors 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 and statements relating to the proposed refinancing of the Company’s existing Term Loan B and asset based revolving credit facility, which may not be consummated on the terms described, or at all. 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 the Company and its 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 the Company serves; (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 17, 2026. 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 to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.
Item 9.01 | Financial Statements and Exhibits. | ||||
(d) Exhibits.
99.1 Press Release Announcing Refinancing of Existing Debt and Preliminary Q2 2026 Financial Results, dated July 13, 2026.
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed by the undersigned hereunto duly authorized.
| Date: July 13, 2026 | Hillman Solutions Corp. | ||||||||||
By: | /s/ Robert O. Kraft | ||||||||||
Name: | Robert O. Kraft | ||||||||||
Title: | Chief Financial Officer | ||||||||||
Hillman Announces Launch to Refinance Existing Debt, Reports Preliminary Q2 2026 Results, Reiterates Full Year 2026 Financial Guidance
Seeks to extend maturities with new $735 million Term Loan B and $375 million ABL
Reports Preliminary Q2 2026 Net Sales of between $440 million - $444 million; an increase of 9% to 10%
Sets Earnings Results Presentation Date for August 4, 2026
CINCINNATI, Ohio – July 13, 2026 – Hillman Solutions Corp. (Nasdaq: HLMN) (the "Company" or "Hillman"), a leading provider of hardware products and merchandising solutions, reported preliminary financial results for the thirteen weeks ended June 27, 2026 and announced that it has launched a refinancing of its existing Term Loan B and asset based revolving credit facility (the "Transaction").
Preliminary Q2 2026 Financial Results
In connection with the Transaction, the Company is providing the following preliminary, unaudited estimates of certain financial results for its second quarter of 2026 which consists of the thirteen weeks ended June 27, 2026.
For Q2 2026, Hillman currently estimates:
•Net sales between $440 million and $444 million, an increase of between 9% and 10% over the year-ago quarter
•Operating income between $40 million and $42 million, an increase of between 10% and 16% over the year-ago quarter
•Adjusted EBITDA1 between $76 million and $78 million, an increase of between 1% and 4% over the year-ago quarter
1.Denotes Non-GAAP metric. For additional information, including our definitions, use of, and reconciliations of these metrics to the most directly comparable financial measures under GAAP, please see the reconciliations toward the end of the press release.
Full Year 2026 Guidance – Reiterated
Based on year-to-date performance and its expectations for the remainder of the year, management reiterated its guidance most recently provided on April 27, 2026.
Reiterated FY 2026 Guidance | |||||
Net Sales | $1.630 to $1.730 billion | ||||
Adjusted EBITDA1 | $275 to $285 million | ||||
Free Cash Flow1 | $100 to $120 million | ||||
1.Denotes Non-GAAP metric. For additional information, including our definitions, use of, and reconciliations of these metrics to the most directly comparable financial measures under GAAP, please see the reconciliations toward the end of the press release.
Debt Refinancing
The proposed refinancing is expected to consist of the following:
•$735 million senior secured Term Loan B (the "New Term Loan"), maturing 2033
•$375 million senior secured asset-based revolving credit facility (the "New ABL Facility”), maturing 2031
The net proceeds of the Transaction are expected to be used to refinance the Company's existing Term Loan B due 2028, pay down the existing ABL facility due 2027, as well as related fees and expenses, and for general corporate purposes.
The New Term Loan B is being arranged by a Jefferies-led arranger group, while the New ABL is being arranged by a U.S. Bank-led arranger group.
There can be no assurance that the Transaction will be consummated on the terms described above, or at all.
Second Quarter 2026 Results Presentation
Hillman plans to host a conference call to discuss its results for the thirteen and twenty-six weeks ended June 27, 2026 on Tuesday, August 4, 2026 at 8:30 a.m. Eastern Time. Hillman plans to issue its earnings release after market close on Monday, August 3, 2026.
President and Chief Executive Officer Jon Michael Adinolfi and Chief Financial Officer Rocky Kraft will host the results presentation.
Results Presentation Details:
Date: Tuesday, August 4, 2026
Time: 8:30 a.m. Eastern Time
Listen-Only Webcast: https://edge.media-server.com/mmc/p/8mb5xri2
Sell-side analysts wishing to participate in the call’s live question and answer session must register by clicking here: https://register-conf.media-server.com/register/BIaca5d531cce346b087362f06f7651fdd
A webcast replay will be available shortly after the conclusion of the presentation using the Listen-Only Webcast link above.
Hillman’s earnings release and quarterly results presentation are expected to be filed with the SEC and posted to its website, https://ir.hillmangroup.com, before the results presentation begins.
Presentation of Preliminary Second Quarter 2026 Results
The preliminary financial results presented above are unaudited and preliminary estimates that have been prepared by management in good faith on a consistent basis with prior periods. However, Hillman has not completed its financial closing procedures for the thirteen weeks ended June 27, 2026, and actual results are subject to adjustment and may differ from these preliminary estimates, and such differences could be material. Among the factors that could cause or contribute to material differences between the Company’s actual results and expectations indicated by the forward-looking statements are risks and uncertainties that include, but are not limited to: changes to the Company’s financial results for the thirteen weeks ended June 27, 2026 due to the completion of financial closing procedures, final adjustments and other developments that may arise between now and the time that the Company’s financial statements for the period are finalized and publicly released and other risks and uncertainties described below and in the Company’s filings with the Securities and Exchange Commission. In addition, Deloitte & Touche LLP, the Company’s independent registered public accounting firm, has not audited, reviewed, compiled, or performed any procedures with respect to these preliminary financial results and does not express an opinion or any other form of assurance with respect to these preliminary financial results or their achievability. Hillman undertakes no obligation to update or supplement the information provided above until the Company releases its financial statements for the thirteen weeks ended June 27, 2026.
Presentation of Non-GAAP Financial Measures
In addition to the preliminary results presented in accordance with U.S. generally accepted accounting principles (“GAAP”), the Company has also presented a non-GAAP financial measure — Adjusted EBITDA— which presents results on a basis adjusted for certain items. Adjusted EBITDA is a non-GAAP financial measure and is the primary basis used to measure the operational strength and performance of our businesses as well as to assist in the evaluation of underlying trends in our businesses. This measure eliminates the significant level of noncash depreciation and amortization expense that results from the capital-intensive nature of our businesses and from intangible assets recognized in business combinations. It is also unaffected by our capital and tax structures, as our management excludes these results when evaluating our operating performance. Our management and Board of Directors use this financial measure to evaluate our consolidated operating performance and the operating performance of our operating segments and to allocate resources and capital to our operating segments. Additionally, we believe that Adjusted EBITDA is useful to investors because it is one of the bases for comparing our operating performance with that of other companies in our industries, although our measure of Adjusted EBITDA may not be directly comparable to similar measures used by other companies. Adjusted EBITDA is reconciled from operating income under GAAP below.
The Company is not able to provide a reconciliation of preliminary Adjusted EBITDA to preliminary net income (the closest comparable financial measure presented in accordance with GAAP) without unreasonable effort or expense. Preliminary net income cannot be reasonably estimated due to timing for completing our quarterly financial closing procedures, including with respect to the accounting for income taxes and certain subsequent events.
Reconciliation of Preliminary Operating Income to Preliminary Adjusted EBITDA
The following table presents a reconciliation of operating income (see explanation above as to why we cannot reconcile to net income), the most directly comparable available financial measure under GAAP, to the top and bottom ends of our Adjusted EBITDA range for the thirteen weeks ended June 27, 2026:
Thirteen Weeks Ended June 27, 2026 | |||||||||||
(dollars in millions) | Bottom of Range | Top of Range | |||||||||
Income from operations | $ | 40 | $ | 42 | |||||||
Depreciation and amortization | 37 | 38 | |||||||||
Stock compensation expense | 3 | 4 | |||||||||
Restructuring and other(1) | — | (1) | |||||||||
Transaction and integration expense (2) | (4) | (5) | |||||||||
Change in fair value of contingent consideration | — | — | |||||||||
Adjusted EBITDA | $ | 76 | $ | 78 | |||||||
(1)Includes consulting and other costs associated with severance related to our distribution center relocations and corporate restructuring activities.
(2)Transaction and integration expense includes professional fees, gain on bargain purchase, and other costs related to acquisition activity, including the Campbell Chain and Fittings and Delaney Hardware acquisitions in 2026.
About Hillman Solutions Corp.
Founded in 1964 and headquartered in Cincinnati, Hillman is a leading provider of hardware and related products serving retail, pro distribution, and industrial MRO customers. Over the last 60-plus years, Hillman has built a legacy of service and growth by forming strategic partnerships with North America's leading home improvement, hardware, and farm and fleet retailers. Hillman differentiates itself from the competition with its dedicated field sales team of 1,200+ associates, direct-to-store distribution capabilities, and world class global sourcing and supply chain expertise. The company offers an extensive product portfolio of more than 111,000 SKUs, including fasteners (power screws, nuts, bolts), hardware (builder's hardware, door hardware, rope & chain, accessories), project gear & supplies (gloves, work gear, paint & cleaning sundries), and key and engraving services (key duplication, auto keys, and engraving). Hillman is committed to delivering exceptional customer service, innovative products, and dependable solutions to its customers and 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 and statements relating to the Transaction, which may not be consummated on the terms described in this press release, or at all. 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 17, 2026. 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
Michael Koehler
Michael Koehler
Vice President Corporate Development, Investor Relations, Treasury
513-826-5495
513-826-5495
IR@hillmangroup.com
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