Hillman Solutions Corp.

Listed Company

HLMNCIK 0001822492NasdaqLarge AcceleratedCutlery, Handtools & General HardwareDelawareFY ends Dec 26

Period

FY 2025

Revenue

$1.55B

Net Income

$40.30M

Total Assets

$2.36B

Equity

$1.23B

Shares Out

196.21M

Op. Cash Flow

$105.19M

Business

Hillman Solutions Corp. is a provider of hardware-related products and merchandising services to retail markets in North America. It offers thousands of small parts and related items including fasteners, threaded rod and metal shapes, keys and key duplication systems, builder's hardware, personal protective equipment, rope and chain, identification products, and cleaning textiles, plus merchandising and in-store support. The company operates three segments: Hardware and Protective Solutions, Robotics and Digital Solutions, and Canada. It sells through big box and independent retailers, cooperatives, and a B2B eCommerce platform across the United States, Canada, Mexico, Latin America, and the Caribbean.

Summary from filing dated 2025-02-20

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net sales	1,552	1,473	1,476	1,486	1,426
Cost of sales (exclusive of depreciation and amortization shown separately below)	796	765	829	847	860
Selling, General and Administrative Expense	502	489	452	481	438
Depreciation	80	69	59	58	59
Amortization	61	61	62	62	61
Other (income) expense, net	−722,000	361,000	13	−1	−3
Income from operations	114	89	61	40	10
Interest expense, net	56	59	68	55	61
Refinancing costs	906,000	3	0	0	8
Income (loss) before income taxes	57	27	−7	−15	−50
Income tax expense	16	9	2	2	−12
Net income (loss)	40	17	−10	−16	−38
Foreign currency translation adjustments	7	−16	5	−8	−283,000
Hedging activity	−3	3	−12	14	3
Total other comprehensive income (loss)	4	−14	−7	6	2
Comprehensive income (loss)	44	3	−16	−10	−36
Basic income (loss) per share	0.2	0.09	−0.05	−0.08	−0.28
Weighted average basic shares outstanding	197	196	195	194	135
Earnings Per Share, Diluted	0.2	0.09	−0.05	−0.08	—
Weighted Average Number of Shares Outstanding, Diluted	199	199	195	194	—

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	27	45	39	31	15
Accounts Receivable, after Allowance for Credit Loss, Current	115	110	103	87	107
Inventories, net	486	404	383	489	534
Other current assets	18	15	23	24	13
Total current assets	646	573	548	632	668
Property and equipment, net	231	224	201	190	174
Goodwill	831	829	825	824	825
Intangible assets, net	546	606	655	734	795
Operating lease right of use assets	75	82	87	67	82
Other assets	26	17	15	24	17
Total assets	2,356	2,331	2,331	2,471	2,563
Accounts payable	142	139	140	132	186
Current portion of debt and finance lease obligations	15	13	10	11	11
Current portion of operating lease liabilities	18	17	14	12	13
Salaries and wages	36	35	23	16	9
Pricing allowances	8	8	8	9	11
Income and other taxes	9	10	6	5	5
Other accrued expenses	30	32	21	30	41
Total current liabilities	258	254	223	215	277
Long-term debt	668	692	732	885	907
Deferred tax liabilities	132	125	132	140	138
Operating lease liabilities	63	71	80	61	74
Other non-current liabilities	6	7	10	12	17
Total liabilities	1,128	1,148	1,177	1,314	1,413
Commitments and Contingencies (Note 15)	0	0	0	0	0
Common Stock, Value, Outstanding	20,000	20,000	20,000	20,000	20,000
Treasury Stock, Common, Value	−12	0	—	—	—
Additional paid-in capital	1,457	1,443	1,419	1,404	1,387
Accumulated deficit	−179	−219	−236	−227	−210
Accumulated other comprehensive loss	−38	−42	−28	−21	−27
Total stockholders' equity	1,229	1,182	1,155	1,157	1,150
Total liabilities and stockholders' equity	2,356	2,331	2,331	2,471	2,563

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	141	130	122	120	121
Loss (gain) on dispositions of property and equipment	73,000	56,000	−34,000	−26,000	221,000
Impairment charges	0	0	25	0	0
Deferred income taxes	5	−5	−9	−873,000	−22
Deferred financing and original issue discount amortization	5	5	5	4	4
Gain (Loss) on Extinguishment of Debt	−906,000	−3	0	0	—
Loss on debt restructuring	−906,000	−2	0	0	−8
Stock-based compensation expense	14	13	12	14	15
Customer bankruptcy reserve	0	9	0	0	—
Change in fair value of contingent consideration	−240,000	228,000	−5	−1	−2
Accounts receivable	−4	−5	−16	20	15
Inventories	−79	9	104	39	−138
Other assets	−15	−6	3	566,000	3
Accounts payable	2	−8	8	−54	−20
Other accrued liabilities	−4	9	−8	−13	−24
Increase (Decrease) in Accrued Salaries	711,000	13	7	8	—
Net cash provided by operating activities	105	183	238	119	−110
Acquisitions of businesses, net of cash acquired	0	−58	−2	−3	−39
Capital expenditures	−70	−85	−66	−70	−52
Other investing activities	−251,000	−278,000	−383,000	−733,000	0
Net cash used for investing activities	−70	−143	−68	−73	−90
Repayments of senior term loans	−9	−106	−89	−11	−1,072
Borrowings of revolving credit loans	131	177	178	244	322
Repayments of revolving credit loans	−157	−115	−250	−265	−301
Payments for Repurchase of Common Stock	−12	0	0	—	—
Financing fees	0	−33,000	0	0	−21
Principal payments under finance lease obligations	−6	−4	−2	−1	−938,000
Proceeds from exercise of stock options	1	10	2	3	3
Payments of contingent consideration	−265,000	−260,000	−1	0	0
Other financing activities	−544,000	−567,000	9,000	2	—
Net cash used for financing activities	−52	−39	−162	−29	193
Effect of exchange rate changes on cash	152,000	5	−735,000	−991,000	464,000
Net (decrease) increase in cash and cash equivalents	−17	6	7	16	−7

Filings

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