CINCINNATI, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Hillman Solutions Corp. (Nasdaq: HLMN) (the "Company" or "Hillman"), a leading provider of hardware products and merchandising solutions, announced that Jon Michael Adinolfi ("JMA"), Hillman's current Chief Operating Officer, will transition to the role of President and Chief Executive Officer; and Doug Cahill, Hillman's current Chairman, President, and Chief Executive Officer, will transition to the Role of Executive Chairman effective January 1, 2025. This pla ...

Core Viewpoint - Hillman Solutions Corp. (HLMN) is expected to report a year-over-year increase in earnings driven by higher revenues, with a consensus EPS estimate of $0.14, reflecting a 7.7% increase compared to the previous year [1][3]. Earnings Expectations - The company is projected to generate revenues of $383.53 million, which is a 0.9% increase from the same quarter last year [13]. - The consensus EPS estimate has been revised down by 1.82% over the last 30 days, indicating a reassessment by analysts [13]. Earnings Surprise Prediction - The Earnings ESP (Expected Surprise Prediction) for Hillman Solutions Corp. is -5.46%, suggesting a bearish outlook from analysts regarding the company's earnings prospects [7]. - A negative Earnings ESP reading does not necessarily indicate an earnings miss, but it complicates the prediction of an earnings beat [6][8]. Historical Performance - Over the last four quarters, Hillman Solutions Corp. has beaten consensus EPS estimates three times, which may influence future earnings expectations [10]. - In the last reported quarter, the company was expected to post earnings of $0.08 per share but delivered $0.10, resulting in a surprise of +25% [17]. Analyst Sentiment - The current Zacks Rank for Hillman Solutions Corp. is 4 (Sell), which may affect investor sentiment and stock performance ahead of the earnings release [16]. - Analysts' revisions and the company's historical performance are critical factors in assessing future earnings potential [4][9].

Chairman, President, and Chief Executive Officer Doug Cahill; Chief Operating Officer Jon Michael Adinolfi; and Chief Financial Officer Rocky Kraft will host the results presentation. About Hillman Solutions Corp. Research analysts wishing to participate in the call's live question and answer session must register by clicking here: https://register.vevent.com/register/BI4136382679574780aa098fd7b4b61ca4 Investor Contact Michael Koehler Vice President of Investor Relations & Treasury 513-826-5495 IR@hillmangr ...

About Hillman Solutions Corp. Founded in 1964 and headquartered in Cincinnati, Ohio, Hillman Solutions Corp. ("Hillman") and its subsidiaries are leading North American providers of complete hardware solutions, delivered with outstanding customer service to over 46,000 locations. Hillman is celebrating 60 years of service this year, a significant milestone achieved by maintaining strong company values, an innovative culture, and delivering a "small business" experience with "big business" efficiency. Hillma ...

Core Insights - Hillman Solutions Corp. published its second annual Environmental, Social, and Governance (ESG) fact sheet, highlighting its ESG initiatives for the year ending December 31, 2023 [11] - The company emphasizes its commitment to sustainability, corporate governance, and social impact as integral to its business operations [1][12] - Hillman completed a three-year assessment of its Scope 1-3 Greenhouse Gas emissions from 2020 to 2022, establishing a baseline for future emissions measurement [12] ESG Achievements - The 2023 ESG report includes achievements and awards, such as being recognized as Vendor of the Year by two customers [3] - The report details corporate governance practices, including board composition metrics related to independence and diversity [3] - Statistics on workforce diversity, equity, inclusion, and employee engagement initiatives are highlighted [3] Company Overview - Founded in 1964 and headquartered in Cincinnati, Ohio, Hillman is a leading provider of hardware solutions, serving over 40,000 locations [14] - The company focuses on delivering innovative product and merchandising solutions for various retail sectors, including home improvement centers and industrial customers [14] - Hillman aims to provide a "small business" experience with "big business" efficiency through its distribution and sales network [14]

Financial Data and Key Metrics Changes - Adjusted EBITDA increased by 30% to $52.3 million compared to $40.2 million in Q1 2023, with adjusted EBITDA margins improving by 340 basis points to 14.9% [9] - Net sales for Q1 2024 slightly increased to $350.3 million from $349.7 million in the prior year, reflecting a 0.2% growth [15][57] - Adjusted gross margins improved by 610 basis points to 47.6% from 41.5% in the year-ago quarter [9][57] - Free cash flow usage was $6.1 million, driven by inventory build and working capital related to the Koch acquisition [16][59] - Total net debt increased by $25.1 million to $747.5 million, with liquidity at approximately $242 million [52] Business Line Data and Key Metrics Changes - Hardware and Protective Solutions (HPS) saw a 2.4% increase in net sales, with Hardware (HS) growing by 4.6% while Protective Solutions (PS) sales decreased by 6.9% [18] - Robotics & Digital Solutions (RDS) net sales decreased by 9.2% to $55 million due to lower foot traffic and discretionary spending [20][21] - Canadian business net sales increased slightly, with adjusted EBITDA rising over 70% from Q1 2023 [32] Market Data and Key Metrics Changes - The macroeconomic landscape in the home improvement sector remains muted, with inflation and elevated mortgage rates impacting existing home sales [10] - Retailers reported negative foot traffic compared to last year, but expressed cautious optimism for the second half of the year [11] Company Strategy and Development Direction - The company is focused on strengthening its competitive moat and executing its growth strategy profitably, with an emphasis on M&A opportunities [64][66] - The Koch acquisition is expected to drive organic growth, with a target of at least 20% growth in net sales next year [49] - The company aims for long-term top-line growth in the high single to low teens and adjusted EBITDA growth in the low to mid-teens [64] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to manage costs and maintain profitability despite a challenging macro environment [63] - The company anticipates that a strong increase in existing home sales will occur when mortgage rates decline [17] - Management reiterated full-year guidance for net sales, adjusted EBITDA, and free cash flow, reflecting a cautious but optimistic outlook [61] Other Important Information - The company appointed Scott Moore as the new divisional president of RDS, expected to lead growth initiatives [23] - The MinuteKey 3.5 rollout is anticipated to significantly impact performance in the latter half of 2024 and into 2025 [31] Q&A Session Summary Question: Concerns about destocking in the market - Management indicated that they do not face destocking issues as they ship directly to stores, avoiding excess inventory in distribution centers [70] Question: Exposure to pro categories and potential opportunities - Management noted that while they do not compete directly in certain pro categories, they believe their strong relationship with Home Depot will allow them to benefit from their growth [71] Question: Expectations around transport costs and implications for gross margins - Management confirmed that they locked in contracted rates for 2024 and expect to maintain gross margins above 45% for the year [78] Question: Sustainability of Q1 gross margins - Management expects gross margins to remain above 45% for the full year, with potential slight decreases in the back half due to price givebacks [104] Question: Performance of RDS and its impact - Management acknowledged that RDS has been more impacted by macro factors compared to other business lines, attributing this to discretionary spending trends [112][124]

Earnings Presentation Q1 2024 9 1) Jefferies Research Services: July 10, 2023 Earnings Presentation Q1 2024 10 Appendix | --- | --- | --- | |-------|-------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | Indispensable partner embedded with winning retailers | | | | Customers love us, trust us and rely on us | | | | Significant runway for incremental growth: Organic + M&A Market an ...

Hillman Solutions Corp. (HLMN) came out with quarterly earnings of $0.10 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to earnings of $0.06 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 25%. A quarter ago, it was expected that this company would post earnings of $0.08 per share when it actually produced earnings of $0.10, delivering a surprise of 25%.Over the last four quarters, the compan ...

Hillman Reports First Quarter 2024 Results • Net sales increased 0.2% to $350.3 million compared to $349.7 million in the prior year quarter • Net loss totaled $(1.5) million, or $(0.01) per diluted share, compared to net loss of $(9.1) million, or $(0.05) per diluted share, in the prior year quarter • Adjusted diluted EPS was $0.10 per diluted share compared to $0.06 per diluted share in the prior year quarter 1 • Adjusted EBITDA totaled $52.3 million compared to $40.2 million in the prior year quarter 1 • ...

CINCINNATI, April 15, 2024 (GLOBE NEWSWIRE) -- Hillman Solutions Corp. (NASDAQ:HLMN) ("Hillman"), a leading provider of hardware products and merchandising solutions, plans to host a conference call to discuss its results for the thirteen weeks ended March 30, 2024 on Tuesday, May 7, 2024 at 8:30 a.m. Eastern Time. Hillman will issue its earnings release on the same day prior to the results presentation. Chairman, President, and Chief Executive Officer Doug Cahill; Chief Operating Officer Jon Michael Adinol ...