NASDAQ$HLMN

Hillman Solutions Corp · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Hillman Solutions reported a decrease in net sales but an increase in adjusted EPS and adjusted EBITDA compared to the prior year quarter. The company also provided full year 2024 guidance.

Hillman Solutions Corp. reported a slight decrease in net sales for Q4 2023, but experienced improvements in adjusted EPS and adjusted EBITDA. The company also highlighted debt reduction and inventory management achievements during the year and provided full year 2024 guidance.

  • Net sales decreased by 0.8% to $347.8 million compared to the prior year quarter, but increased 3.8% when excluding the 14th week in 2022.
  • Net loss totaled $(10.1) million, or $(0.05) per diluted share, compared to a net loss of $(13.9) million, or $(0.07) per diluted share, in the prior year quarter.
  • Adjusted Diluted EPS was $0.10 per diluted share compared to $0.05 per diluted share in the prior year quarter.
  • Adjusted EBITDA totaled $54.4 million compared to $45.0 million in the prior year quarter.

Headline financials

Total Revenue

$348M

Previous: $351M-0.8%
EPS (adj)

$0.10

Previous: $0.05+100.0%
Adjusted EBITDA

$54.4M

Previous: $45M+20.9%
Capital Expenditures

-$13.6M

No prior period
Net Income

-$10.1M

Previous: -$13.9M+27.6%
Operating Income

$4.3M

Previous: $3.72M+15.6%
Gross Profit

$163M

Previous: $152M+6.7%
Stock-Based Comp

$2.89M

Previous: $2.74M+5.8%

Revenue & EPS history

Hillman Solutions · Revenue · Quarterly

$348M

Q4 2023-0.8%vs Q4 2022
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Forward guidance

Hillman provided its full year 2024 guidance, anticipating net sales between $1.475 to $1.555 billion, adjusted EBITDA between $230 to $240 million, and free cash flow between $100 to $120 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 2023

Historical avgQ4 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

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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