---
schema_version: "secwatch.filing_event.v1"
accession: "0001822492-23-000084"
form_type: "8-K"
ticker: "HLMN"
cik: "0001822492"
company_name: "Hillman Solutions Corp."
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T09:49:00.302711+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Hillman Q1 net sales down 3.7% to $349.7M; net loss widens to $9.1M; guidance reaffirmed

## Summary
- Net sales $349.7M, down 3.7% YoY; net loss $(9.1)M vs $(1.9)M loss in prior year quarter.
- Adjusted diluted EPS $0.06 vs $0.09 YoY; Adjusted EBITDA $40.2M compared to $44.0M.
- Free cash flow improved to $13.4M from $(16.1)M; net debt to trailing 12-month EBITDA 4.2x.
- FY2023 guidance reaffirmed: net sales $1.45-1.55B, Adjusted EBITDA $215-235M, FCF $125-145M.
- CEO Doug Cahill cites strong FCF and inventory reduction; hardware demand stable with low housing exposure.

## SEC filing metadata
- accession: 0001822492-23-000084
- form_type: 8-K
- ticker: HLMN
- cik: 0001822492
- company_name: Hillman Solutions Corp.
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1822492/000182249223000084/0001822492-23-000084-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1822492/000182249223000084/hlmn-20230509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001822492-23-000084
- JSON: https://secwatch.observer/filing/0001822492-23-000084.json
- Plain text: https://secwatch.observer/filing/0001822492-23-000084.txt

## Key facts
- Earnings Releases
  Hillman Solutions Corp. reported thirteen weeks ended April 1, 2023 results: revenue $349.7 million, net income $(9.1) million, EPS $(0.05) per diluted share. Guidance reaffirmed.
  - Period: thirteen weeks ended April 1, 2023
  - Revenue: $349.7 million
  - Net income: $(9.1) million
  - EPS: $(0.05) per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: reported financial results for the thirteen weeks ended April 1, 2023. First Quarter 2023 Highlights Thirteen weeks ended April 1, 2023 • Net sales decreased (3.7)% to $349.7 million compared to $363.0 million in the prior year quarter • Net loss totaled $(9.1) million, or $(0.05) per diluted share, compared to net loss of $(1.9) million, or $(0.01) per
  evidence_url: https://www.sec.gov/Archives/edgar/data/1822492/000182249223000084/0001822492-23-000084-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.