NASDAQ$HLMN
Hillman Solutions Corp · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Hillman's financial performance reflected pricing initiatives and efforts to maintain customer stock levels.
Hillman Solutions Corp. reported a 4.9% increase in net sales to $394.1 million and a net income of $8.8 million, or $0.04 per diluted share, for the second quarter of 2022. Adjusted diluted EPS was $0.14, and adjusted EBITDA totaled $62.3 million.
- Net sales increased by 4.9% to $394.1 million compared to the prior year quarter.
- Net income reached $8.8 million, or $0.04 per diluted share, compared to a loss in the prior year quarter.
- Adjusted diluted EPS was $0.14 per diluted share, a decrease from the prior year quarter.
- Adjusted EBITDA totaled $62.3 million, slightly lower than the prior year quarter.
Headline financials
Revenue & EPS history
Hillman Solutions · Revenue · Quarterly
$382M
Forward guidance
Hillman has tempered its full year expectations to account for softness in sales volume, but the business remains on solid footing.
Tailwinds
- Over 90% of sales are driven by repair, remodel and maintenance activity, which remains robust.
- These activities are not highly sensitive to mortgage rates or dependent on new housing construction.
- Lead times have come down considerably since the beginning of the year.
- Price increases are expected to offset increased costs for the full year 2022 on a dollar-for-dollar basis.
- Competitive advantages position the company for further success with customers.
Headwinds
- There are many factors influencing the economy, including labor shortages.
- Supply chain constraints exist.
- Retail inventories are elevated amid overall lighter foot traffic at stores.
- Net sales are now anticipated to be toward the low end of the original range of $1.5 billion to $1.6 billion
- Adjusted EBITDA is now expected to be at the low end of the original range of $207 million to $227 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 Q2 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
| Quarter | Report date | Reaction (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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