Hillman Solutions (US:HLMN)2025-11-04 13:30Financial Performance - Net sales increased by 80% to $4249 million in Q3 2025 compared to Q3 2024[8] - GAAP net income totaled $232 million or $012 per diluted share compared to $74 million or $004 per diluted share in Q3 2024[8] - Adjusted EBITDA increased to $880 million compared to $648 million in Q3 2024[8] - Adjusted EBITDA margins were 207% compared to 165% in Q3 2024[8] - Net Debt / Adjusted EBITDA (ttm) was 25x at quarter end compared to 28x on December 28 2024[8] - The company reiterated its Net Sales guidance of $1535 to $1575 billion for FY 2025 and year-end leverage of 24x while raising the midpoint of its Adjusted EBITDA guidance to $270 to $275 million[27] Operational Highlights - YTD fill rates averaged 97%[9] - The company repurchased $32 million shares of its common stock at an average price of $972 per share[9] Segment Performance (Q3 2025 vs Q3 2024) - Hardware and Protective Solutions ("HPS") revenues increased by 100% with Adjusted EBITDA increasing by 573%[8, 13] - Robotics and Digital Solutions ("RDS") revenues increased by 33% while Adjusted EBITDA decreased by (02)%[8, 13] - Canada revenues decreased by (02)% with Adjusted EBITDA decreasing by (158)%[8, 13] Supply Chain - The company has lowered its exposure to suppliers based in China from 49% in 2018 to 32% YTD 2025[19] - The company is working towards having the ability to source ~20% from China by the end of 2025[20]