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Hillman Solutions (HLMN)
NASDAQ:HLMN
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.11Last Year’s EPS
$0.1Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 05, 2024
|% Change Since: -7.18%
|Next Earnings Date:Feb 26, 2025
Earnings Call Sentiment|Positive
The earnings call presented a mixed outlook. Hillman Solutions Corporation celebrated significant achievements, including awards from major retailers and strong EBITDA performance. However, there were challenges such as a decline in net sales and market volumes, as well as risks associated with True Value's financial situation. The sentiment leans towards a positive outlook due to strategic acquisitions and improved financial metrics.Company Guidance
During the Hillman Solutions Corporation Q3 2024 earnings call, the company provided updated guidance reflecting a positive outlook. Hillman increased its full-year net sales guidance to a range of $1.455 billion to $1.485 billion, with a midpoint of $1.47 billion, and projected an adjusted EBITDA of approximately $250 million, representing a 14% increase from 2023. This revision was driven by the acquisition of Intex and strong October results. Despite a 1% headwind from pricing and a 5% decrease in market volumes, Hillman achieved a 9% rise in adjusted EBITDA to $72.6 million for the quarter, with adjusted EBITDA margins improving to 18.4%. The company maintained adjusted gross margins at 48.2%, indicating a structural improvement. Hillman also reported a free cash flow guidance adjustment, now ranging from $100 million to $115 million, with a midpoint of $107.5 million.Vendor Partner of the Year Awards
Hillman Solutions Corporation won the 2024 Divisional Vendor Partner of the Year in Hardlines at Lowe's and the 2024 Partner of the Year in Hardware at Home Depot.
Adjusted EBITDA Growth
Adjusted EBITDA increased by 9% to $72.6 million compared to the third quarter of 2023, with a margin improvement to 18.4%.
Strong Gross Margin Performance
Adjusted gross margins for the quarter totaled 48.2%, marking a 400 basis point improvement over the previous year.
Successful Acquisitions
Hillman acquired Intex, expanding its product offering. The acquisition, along with Koch, contributed positively to the company's top line.
Debt Reduction
Hillman reduced its net debt to $698.7 million, achieving a leverage ratio of 2.8x, the lowest since 2013.
Adjusted EBITDA Guidance Increase
Full-year adjusted EBITDA guidance was increased to approximately $250 million, marking a 14% increase from 2023.
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HLMN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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HLMN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | $10.73 | $11.09 | +3.36% |
| Aug 06, 2024 | $9.06 | $9.76 | +7.73% |
| May 07, 2024 | $10.01 | $9.58 | -4.30% |
| Feb 22, 2024 | $8.87 | $9.30 | +4.85% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Hillman Solutions (HLMN) report earnings?
Hillman Solutions (HLMN) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is Hillman Solutions (HLMN) earnings time?
Hillman Solutions (HLMN) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HLMN EPS forecast?
HLMN EPS forecast for the fiscal quarter 2024 (Q4) is $0.11.
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