NASDAQ$HLMN
Hillman Solutions Corp · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Hillman Solutions experienced revenue and adjusted EBITDA growth, navigating a challenging macroeconomic environment.
Hillman Solutions Corp. reported a 5.4% increase in net sales to $398.9 million and net income of $5.1 million for the third quarter of 2023. Adjusted EBITDA grew to $66.8 million, driven by strength in the Hardware and Protective Solutions segment and improved margins. The company updated its full year 2023 guidance, narrowing the range for net sales and adjusted EBITDA while increasing the free cash flow outlook.
- Net sales increased by 5.4% to $398.9 million compared to the prior year quarter.
- Net income totaled $5.1 million, or $0.03 per diluted share, compared to a net loss of $(9.5) million in the prior year quarter.
- Adjusted EBITDA totaled $66.8 million compared to $59.0 million in the prior year quarter.
- The company narrowed its full year 2023 guidance for net sales and adjusted EBITDA, and increased its free cash flow outlook.
Headline financials
Revenue & EPS history
Hillman Solutions · Revenue · Quarterly
$399M
Forward guidance
Management updated its full year 2023 guidance, narrowing the range for net sales and adjusted EBITDA while increasing the free cash flow outlook.
Tailwinds
- Expect gross margins to expand sequentially into the fourth quarter.
- Benefiting from new business wins.
- Benefiting from prior pricing actions.
- Benefiting from prudent cost controls.
- Increased free cash flow outlook for the year.
Headwinds
- Challenging macroeconomic environment.
- Lower foot traffic at customers.
- Net Sales original guidance $1.45 to $1.55 billion, updated guidance $1.455 to $1.485 billion.
- Adjusted EBITDA original guidance $215 to $235 million, updated guidance $215 to $220 million.
- Free Cash Flow original guidance $125 to $145 million, updated guidance $135 to $155 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 Q3 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 | — | — | — |
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