NASDAQ$HLMN
Hillman Solutions Corp · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Hillman Solutions' financial performance was marked by a decrease in net sales and net income, but demonstrated resilience through cost control and free cash flow generation.
Hillman Solutions Corp. reported a decrease in net sales and net income for Q2 2023. Net sales decreased by 3.6% to $380.0 million, and net income totaled $4.5 million, or $0.02 per diluted share. However, the company demonstrated cost control and generated strong free cash flow.
- Net sales decreased by 3.6% to $380.0 million compared to the prior year quarter.
- Net income totaled $4.5 million, or $0.02 per diluted share, compared to $8.8 million in the prior year quarter.
- Adjusted diluted EPS was $0.13 per diluted share compared to $0.14 per diluted share in the prior year quarter.
- Adjusted EBITDA totaled $58.0 million compared to $62.3 million in the prior year quarter.
Headline financials
Revenue & EPS history
Hillman Solutions · Revenue · Quarterly
$380M
Forward guidance
Hillman reiterated its full year 2023 guidance, expecting net sales between $1.45 to $1.55 billion, adjusted EBITDA between $215 to $235 million, and free cash flow between $125 to $145 million.
Tailwinds
- Expect to reap the benefits of several new business wins in the months ahead.
- Expect to continue generating healthy free cash flow in the second half of the year.
- Margins expand sequentially during the third and fourth quarter.
- Believe they have the right strategy and a talented team in place.
- Believe they are on track to achieve reiterated full year financial outlook.
Headwinds
- Sales volume on existing products was lower than expected during the quarter.
- Navigated a complex market environment.
- Carefully controlling our costs to produce strong bottom line results.
- Gross margins that came in line with our expectations.
- Effectively worked down inventory levels.
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 2023
-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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