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), founded in 1964 and headquartered in Cincinnati, Ohio, stands out as a leading North American provider of comprehensive hardware solutions. With its robust portfolio of products and services, Hillman caters to over 46,000 locations, including prominent retail brands such as Lowe’s, Home Depot, Tractor Supply, Ace Hardware, True Value, Walmart, and many more.
Hillman’s operations span various segments including Hardware and Protective Solutions, Robotics and Digital Solutions, and the Canadian market. The company’s product lines encompass a wide array of hardware-related items like fasteners, threaded rods, metal shapes, keys, personal protective equipment, and identification items.
The company prides itself on its innovative approach to product design and merchandising solutions, delivering a ‘small business’ feel with the efficiency of a ‘big business.’ Under the leadership of President and CEO Doug Cahill, Hillman has consistently demonstrated resilience and adaptability, navigating complex market environments and economic cycles with a focus on operational excellence.
Recent announcements highlight Hillman’s impressive financial performance, including strong bottom-line results, improved margins, and substantial free cash flow. Notably, the company has made significant strides in reducing inventory and paying down debt, further strengthening its financial position. Hillman’s acquisition of Koch Industries, a provider of rope and chain products, marks a strategic expansion into new product categories, enhancing its market presence and product portfolio.
Hillman’s commitment to customer service is evident in its extensive field sales and service team and its direct-to-store shipping model. The company’s focus on small ticket items used for necessary repairs and maintenance has helped insulate it from broader economic downturns, ensuring steady demand for its products.
As Hillman celebrates its 60th anniversary in 2024, it continues to prioritize innovation, customer satisfaction, and sustainable growth. The company is well-positioned to capitalize on future opportunities, leveraging its strong competitive moat and strategic acquisitions to drive continued success.
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.
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.
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