M&A
confidence high
sentiment neutral
materiality 0.70
Hillman Solutions files 8-K/A with Q2 financials post-SPAC merger; net sales up 8.4% to $375.7M
Hillman Solutions Corp.
- Net sales for the thirteen weeks ended June 26, 2021, were $375.7M, up from $346.7M a year ago.
- Net loss narrowed to $3.4M from a $5.0M loss; adjusted EBITDA rose to $64.5M from $61.6M.
- Closed SPAC merger on July 14, 2021, with new funded term loans of $835M and a $200M delayed draw facility.
- Acquired OZCO, a structural fastener manufacturer, for $39.1M in April 2021.
- Redeemed 11.6% junior subordinated debentures and trust preferred securities, delisting from NYSE.