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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.
