earnings
confidence high
sentiment negative
materiality 0.65
Hillman Q2 net sales down 3.6% to $380M; adjusted EPS $0.13 vs $0.14; FY guidance reiterated
Hillman Solutions Corp.
2023-Q2 EPS reported
-$0.02
revenue$729,726,000
- Q2 net income $4.5M ($0.02 diluted EPS) vs $8.8M ($0.04) prior year; net sales $380.0M (-3.6%).
- Adjusted diluted EPS $0.13 vs $0.14; Adjusted EBITDA $58.0M vs $62.3M prior year.
- H1 free cash flow $78.0M vs $(14.1)M prior; net debt to adjusted EBITDA improved to 4.0x from 4.2x.
- FY 2023 guidance reaffirmed: net sales $1.45-$1.55B, adj. EBITDA $215-$235M, FCF $125-$145M.