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) will host a conference call on August 3, 2022, at 8:30 AM ET to discuss its earnings results for the 13 and 26 weeks ending June 25, 2022. The earnings release will be issued the same day prior to the presentation. CEO Doug Cahill and CFO Rocky Kraft will lead the call. Participants can register for the live Q&A session and access a webcast replay post-call. Hillman is a prominent provider of hardware solutions for various retail sectors, emphasizing customer service and innovative product delivery.
Hillman Solutions Corp. (Nasdaq: HLMN) announced its inclusion in the Russell 3000® Index, effective June 27, 2022. This decision follows the annual reconstitution of the Russell indexes, where Hillman qualified based on a market capitalization of approximately $2.3 billion as of May 6, 2022. The Russell Indexes are crucial for investment strategies, with about $12 trillion in assets benchmarked against them. Hillman, established in 1964, is known for providing innovative hardware solutions to over 40,000 locations across North America.
Hillman Solutions Corp. (Nasdaq: HLMN) reported a net sales increase to $363.0 million for Q1 2022, up from $341.3 million the previous year. Despite this growth, the company posted a net loss of $(1.9) million or $(0.01 per diluted share, an improvement from $(9.0) million or $(0.10 per share in Q1 2021. Adjusted diluted EPS dropped to $0.09 compared to $0.16 in the prior year. The company maintained its 2022 guidance, projecting net sales between $1.5 billion and $1.6 billion and adjusted EBITDA of $207 million to $227 million.
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.
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