Hillman Solutions Corp

HLMN

Equity

ISIN US4316361090 / Valor 112679916

NASDAQ (2024-12-24)

USD 9.88+0.92%

Hillman Solutions Corp
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About company

Hillman Solutions Corp., established in 1964 and based in Cincinnati, Ohio, is a prominent North American provider of comprehensive hardware solutions. The company serves over 46,000 locations, including home improvement centers, mass merchants, national and regional hardware stores, pet supply stores, and OEM & industrial customers. Hillman specializes in designing innovative product and merchandising solutions for complex categories, aiming to enhance the customer experience. The company is recognized for its strong company values and efficient service delivery, combining the personalized touch of a small business with the operational capabilities of a larger enterprise.

Summarized from source with an LLMView SourceSector: Finance

Net Sales

Hillman Solutions Corp reported net sales of $379.4 million for the second quarter of 2024, a slight decrease of 0.2% compared to $380.0 million in the same quarter of the previous year.

Net Income

For the second quarter of 2024, Hillman Solutions Corp achieved a net income of $12.5 million, or $0.06 per diluted share, a significant increase from the $4.5 million, or $0.02 per diluted share, reported in the second quarter of 2023.

Adjusted EBITDA

Hillman Solutions Corp's adjusted EBITDA for the second quarter of 2024 was $68.4 million, up from $58.0 million in the same period of the previous year, reflecting improved operational efficiencies and strong margins.

Year-to-Date Performance

For the first half of 2024, Hillman Solutions Corp reported net sales of $729.7 million, unchanged from the same period in 2023. Net income for this period was $11.0 million, or $0.06 per diluted share, compared to a net loss of $(4.6) million, or $(0.02) per diluted share, in the prior year period.

Full Year 2024 Guidance

Hillman Solutions Corp updated its full year 2024 guidance, lowering net sales expectations to a range of $1.44 to $1.48 billion, while increasing adjusted EBITDA guidance to a range of $240 to $250 million, reflecting confidence in driving profitability through operations and margin management.

Summarized from source with an LLMView Source

Key figures

8.45%1Y

%3Y

%5Y

Performance

31.3%1Y

32.9%3Y

32.9%5Y

Volatility