Hillman's Board of Directors Approves $100 Million Share Repurchase Program

Core Viewpoint - Hillman Solutions Corp. has authorized an initial share repurchase program for up to $100 million of its outstanding common stock, marking its first such program since going public in 2021 [1][2]. Company Overview - Hillman Solutions Corp. is a leading provider of hardware-related products and solutions to home improvement, hardware, and farm and fleet retailers across North America, with over 60 years of industry experience [3]. - The company is recognized for its commitment to customer service and has built a competitive advantage through direct-to-store shipping and a dedicated in-store sales and service team of over 1,200 professionals [3]. - Hillman's product portfolio includes hardware solutions (fasteners, screws, nuts and bolts), protective solutions (work gloves, jobsite storage and protective gear), and robotic and digital solutions (key duplication and tag engraving) [3]. Share Repurchase Program Details - The share repurchase program allows for the repurchase of common stock at management's discretion through various methods, including a 10b5-1 trading plan and open market purchases [2]. - The program is seen as a prudent step following improvements in the company's balance sheet, allowing for stock buybacks while continuing to invest in growth opportunities and debt reduction [3].