NASDAQ$HLMN

Hillman Solutions Corp · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Hillman Solutions reported an increase in net sales but a net loss for Q1 2022.

Hillman Solutions Corp. reported a rise in net sales to $363.0 million compared to $341.3 million in the prior year quarter. However, the company experienced a net loss of $(1.9) million, or $(0.01) per diluted share, contrasting with a net loss of $(9.0) million, or $(0.10) per diluted share, in the prior year quarter. Adjusted diluted EPS was $0.09 compared to $0.16 in the prior year quarter, and adjusted EBITDA totaled $44.0 million compared to $47.8 million in the prior year quarter.

  • Net sales increased to $363.0 million from $341.3 million in the prior year quarter.
  • Net loss totaled $(1.9) million, or $(0.01) per diluted share, compared to $(9.0) million, or $(0.10) per diluted share, in the prior year quarter.
  • Adjusted diluted EPS was $0.09 per diluted share compared to $0.16 per diluted share in the prior year quarter.
  • Adjusted EBITDA totaled $44.0 million compared to $47.8 million in the prior year quarter.

Headline financials

Total Revenue

$351M

Previous: $100K+351285.0%
EPS (adj)

$0.09

Previous: -$0.10+190.0%
Adjusted EBITDA

$44M

Previous: $47.8M-8.0%
Free Cash Flow

-$1.89M

Previous: $10.7M-117.6%
Net Income

-$1.89M

Previous: $10.7M-117.6%
Operating Income

$8.85M

Previous: -$509K+1838.8%
Gross Profit

$138M

Previous: $100K+138012.0%
Cash & Equivalents

$19.4M

Previous: $511K+3692.6%
Total Assets

$2.62B

Previous: $501M+423.3%
Stock-Based Comp

$6.02M

Previous: $1.74M+245.7%

Revenue & EPS history

Hillman Solutions · Revenue · Quarterly

$351M

Q1 2022+351,285%vs Q1 2021
Beat estimate in 4 of 9 quarters(44%)
ActualEstimate

Forward guidance

Management reiterated guidance for its 2022 fiscal year originally provided on March 2, 2022 with Hillman's fourth quarter 2021 results.

Tailwinds

  • Net sales are anticipated to be in the range of $1.5 billion to $1.6 billion
  • Adjusted EBITDA is expected to be in the range of $207 million to $227 million
  • Free Cash Flow is projected to be in a range of $120 million to $130 million

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-1.0%

Avg return

Earnings day

-0.4%

Avg return

5 days after

-0.6%

Avg return

30 days after

41%

9 / 22 earnings

Positive

+8.8%

Q4 2023

Best reaction

-10.1%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-5.0%-10.5%-14.5%
Q4 2025-10.1%-11.0%-21.2%
Q3 2025-2.9%-5.6%-3.1%
Q1 2025-7.4%-5.7%-1.7%
Q4 2024-2.1%-3.3%-13.2%
Q3 2024+3.8%+4.1%+4.4%
Q2 2024+3.4%+3.0%+7.2%
Q1 2024-4.2%-4.3%-10.7%
Q4 2023+8.8%+8.8%+15.2%
Q3 2023-1.9%-0.7%+15.2%
Q2 2023-6.1%-5.1%-13.2%
Q1 2023+1.4%+0.5%+8.9%
Q4 2022+3.0%+0.0%-12.6%
Q3 2022+7.4%+3.5%+15.4%
Q2 2022-9.7%-6.1%-20.3%
Q1 2022+6.0%+6.6%+6.4%
Q4 2021+8.2%+17.7%+33.9%
Q3 2021-5.3%-1.7%-9.8%
Q2 2021+3.3%+4.2%-0.4%
Q1 2021-8.0%-5.9%+1.9%
Q4 2020-2.8%+1.1%-0.3%
Q4 2019-2.8%+1.1%-0.3%
Q3 2020
Q2 2020
Q1 2020

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