earnings
confidence high
sentiment neutral
materiality 0.70
Hillman Q2 sales up 4.9% to $394.1M; lowers FY2022 guidance to low end of ranges
Hillman Solutions Corp.
2022-Q2 EPS reported
-$0.04
revenue$757,127,000
- Net income $8.8M ($0.04) vs loss $3.4M prior year; adjusted EPS $0.14 vs $0.24.
- Adjusted EBITDA $62.3M, down 3.4% YoY; net debt/EBITDA 4.7x.
- FY2022 guidance: sales and Adj. EBITDA now expected at low end of original $1.5-1.6B and $207-227M ranges.
- Increased revolving credit facility capacity by $125M to $375M after quarter end.
- Hardware Solutions revenue +12%; Robotics & Digital -2.4%; Canada +7.1%; Protective Solutions -12%.