Hillman Solutions lowers FY24 revenue view $1.44B-$1.48B from $1.475B-$1.555B

Consensus $1.5B. Raises adjusted EBITDA view $240M-$250M from $230M-$240M, reaffirms FCF view $100M-$120M. Rocky Kraft, Hillman’s chief financial officer, commented: “We are adjusting our guidance to better align with the current market landscape. Specifically, we are lowering our top-line revenue expectations while simultaneously increasing our bottom-line guidance, underscoring our confidence in our ability to drive profitability through operations and margin management. Our cash flow guidance remains unchanged, reflecting the net impact of our top and bottom line expectations.”