NASDAQ$HLMN
Hillman Solutions Corp · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Hillman Solutions' Q3 2022 results reflected a year-over-year increase in net sales and an improvement in Adjusted EBITDA, driven by price increases offsetting higher costs.
Hillman Solutions Corp. reported a 3.9% increase in net sales to $378.5 million and an adjusted EBITDA of $59.0 million for the third quarter of 2022. The company's fill rates for the year reached 96%, contributing to market share gains. While sales volume was softer than expected, price increases helped offset higher costs.
- Net sales increased by 3.9% to $378.5 million compared to the prior year quarter.
- Net loss was $(9.5) million, or $(0.05) per diluted share, compared to a loss of $(32.5) million in the prior year quarter.
- Adjusted diluted EPS was $0.14 per diluted share, up from $0.13 in the prior year quarter.
- Adjusted EBITDA totaled $59.0 million, compared to $56.5 million in the prior year quarter.
Headline financials
Revenue & EPS history
Hillman Solutions · Revenue · Quarterly
$364M
Forward guidance
Hillman has updated its full year 2022 guidance, refining Adjusted EBITDA within the original range, while adjusting net sales and free cash flow expectations due to softer sales volume and one-time cash expenses.
Tailwinds
- Best-in-class field sales and service team continues to solve complex labor and supply chain issues.
- Fill rates for the year at 96%, gaining market share and strengthening customer relationships.
- Near record homeowner’s equity and aging U.S. housing stock drive home improvement projects.
- Direct-to-store model minimizes the impact of customer de-stocking.
- Sourcing lead times have continued to improve since the beginning of the year.
Headwinds
- Sales volume has been softer than expectations, impacting the timing of planned inventory reductions.
- Incurred one-time cash expenses related to patent litigation.
- Net sales expectations for 2022 have been adjusted downwards.
- Free cash flow expectations for 2022 have been adjusted downwards.
- Working capital needs to be brought back in line with historical 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 Q3 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 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro