NASDAQ$HLMN

Hillman Solutions Corp · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Hillman Solutions' financial performance decreased slightly in net sales but improved in net income and Adjusted EBITDA compared to the prior year quarter, driven by efficient operations and strategic acquisitions.

Hillman Solutions reported a slight decrease in net sales but an increase in net income and adjusted EBITDA for Q3 2024. The company acquired Intex DIY and updated its full-year guidance, reflecting the acquisition and strong bottom-line results.

  • Net sales decreased by 1.4% to $393.3 million.
  • Net income increased to $7.4 million, or $0.04 per diluted share.
  • Adjusted EBITDA increased to $72.6 million.
  • Acquired Intex DIY, expanding product portfolio and customer base.

Headline financials

Total Revenue

$393M

Previous: $399M-1.4%
EPS

$0.04

Previous: $0.11-63.6%
Adjusted EBITDA

$64.8M

Previous: $66.8M-3.0%
Net Debt to TTM Adjusted EBITDA

2.8%

No prior period
Capital Expenditures

-$24.1M

Previous: -$15.1M-59.6%
Free Cash Flow

$7.43M

Previous: $5.06M+47.0%
Net Income

$7.43M

Previous: $5.06M+47.0%
Operating Income

$26.9M

Previous: $34.7M-22.5%
Gross Profit

-$204M

Previous: -$223M+8.5%
Cash & Equivalents

$59.8M

Previous: $39.3M+52.4%
Total Assets

$2.4B

Previous: $2.41B-0.6%
Stock-Based Comp

$3.26M

Previous: $3.07M+6.2%

Revenue & EPS history

Hillman Solutions · Revenue · Quarterly

$393M

Q3 2024-1.4%vs Q3 2023
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Forward guidance

Hillman Solutions updated its full year 2024 guidance based on year-to-date performance and improved visibility. Net Sales are expected to be $1.455 to $1.485 billion, Adjusted EBITDA is expected to be approximately $250 million, and Free Cash Flow is expected to be $100 to $115 million.

Tailwinds

  • Net Sales: $1.455 to $1.485 billion
  • Adjusted EBITDA: Approximately $250 million
  • Free Cash Flow: $100 to $115 million
  • Guidance reflects the acquisition of Intex.
  • Strong bottom line results.

Headwinds

  • Unfavorable economic conditions
  • Increased supply chain costs
  • Highly competitive markets
  • Seasonality
  • Large customer concentration

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 2024

Historical avgQ3 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

Earnings price reactions
QuarterReport dateReaction (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