NASDAQ$HLMN

Hillman Solutions Corp · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Hillman Solutions reported mixed results for Q4 2022, with sales increasing slightly but a net loss recorded, while adjusted EBITDA increased.

Hillman Solutions reported a slight increase in net sales for Q4 2022, but experienced a net loss compared to net income in the prior year quarter. Adjusted EBITDA, however, increased during the quarter. The company provided full year 2023 guidance, projecting net sales between $1.45 to $1.55 billion and adjusted EBITDA between $215 to $235 million.

  • Net sales increased by 1.8% to $350.7 million compared to the prior year quarter.
  • Net loss totaled $(13.9) million, or $(0.07) per diluted share, compared to net income of $6.5 million, or $0.03 per diluted share, in the prior year quarter.
  • Adjusted Diluted EPS was $0.05 per diluted share compared to $0.06 per diluted share in the prior year quarter.
  • Adjusted EBITDA totaled $45.0 million compared to $38.6 million in the prior year quarter.

Headline financials

Total Revenue

$351M

Previous: $344M+1.8%
EPS (adj)

$0.05

Previous: $0.06-16.7%
Adjusted EBITDA

$45M

Previous: $38.6M+16.5%
Net Income

-$13.9M

Previous: $6.55M-312.3%
Operating Income

$3.72M

Previous: -$1.68M+321.4%
Gross Profit

$152M

Previous: $139M+9.4%
Cash & Equivalents

$31.1M

Previous: $14.6M+112.8%
Total Assets

$2.47B

Previous: $2.56B-3.6%
Stock-Based Comp

$2.74M

Previous: $6.44M-57.5%

Revenue & EPS history

Hillman Solutions · Revenue · Quarterly

$351M

Q4 2022+1.8%vs Q4 2021
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Forward guidance

Hillman provided full year 2023 guidance, projecting net sales between $1.45 to $1.55 billion and adjusted EBITDA between $215 to $235 million and Free Cash Flow between $125 to $145 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 Q4 2022

Historical avgQ4 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

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

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