NASDAQ$HLMN
Hillman Solutions Corp · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Hillman Solutions' performance was marked by bottom-line improvements driven by efficiencies and strong margins, despite a slight decrease in net sales due to market conditions.
Hillman Solutions Corp. reported a slight decrease in net sales but a significant increase in net income and adjusted EBITDA for Q2 2024. The company focused on operational efficiencies and margin management, updating its full-year guidance to reflect these improvements.
- Net sales decreased slightly by 0.2% to $379.4 million.
- Net income increased to $12.5 million, or $0.06 per diluted share, compared to $4.5 million, or $0.02 per diluted share, in the prior year quarter.
- Adjusted EBITDA increased to $68.4 million compared to $58.0 million in the prior year quarter.
- The company updated its full-year 2024 guidance, lowering revenue expectations but increasing adjusted EBITDA guidance.
Headline financials
Revenue & EPS history
Hillman Solutions · Revenue · Quarterly
$379M
Forward guidance
Hillman updated its full-year 2024 guidance to reflect current market conditions, lowering revenue expectations while increasing adjusted EBITDA guidance, and maintaining free cash flow guidance.
Tailwinds
- Adjusted EBITDA guidance increased to $240 to $250 million from $230 to $240 million.
- Confidence in driving profitability through operations and margin management.
- Free cash flow guidance remains unchanged at $100 to $120 million.
- Focus on 'controlling the controllables' to position Hillman for future growth.
- Exceptional fill rates of 95% ensuring product availability for retail partners.
Headwinds
- Net sales guidance lowered to $1.44 to $1.48 billion from $1.475 to $1.555 billion.
- Sales impacted by prevailing market conditions.
- Increased supply chain costs, including raw materials, sourcing, transportation and energy
- Unfavorable economic conditions that may affect operations, financial condition and cash flows including spending on home renovation or construction projects, inflation, recessions, instability in the financial markets or credit markets
- Direct and indirect costs associated with the May 2023 ransomware attack
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 2024
-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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