Hillman Q1 net loss narrows to $1.5M; adj. EBITDA up 30% to $52.3M

Hillman Solutions Corp.

2024-Q1 EPS reported -$0.01 revenue$350,305,000

Net sales $350.3M (+0.2% YoY); net loss $(1.5M) vs $(9.1M) prior year.
Adjusted diluted EPS $0.10 vs $0.06; adjusted EBITDA $52.3M vs $40.2M.
Completed acquisition of Koch Industries in Q1; M&A strategy emphasized.
Full-year 2024 guidance reiterated: net sales $1.475-1.555B, EBITDA $230-240M.
Free cash flow was $(6.1)M vs $13.4M; net debt/EBITDA improved to 3.2x.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Hillman Solutions Corp. reported Thirteen weeks ended March 30, 2024 results: revenue $350.3 million, net income Net loss of $(1.5) million, EPS $(0.01) per diluted share. Guidance reaffirmed.

Period: Thirteen weeks ended March 30, 2024
Revenue: $350.3 million
Net income: Net loss of $(1.5) million
EPS: $(0.01) per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

First Quarter 2024 Highlights (Thirteen weeks ended March 30, 2024) • Net sales increased 0.2% to $350.3 million compared to $349.7 million in the prior year quarter • Net loss totaled $(1.5) million, or $(0.01) per diluted share, compared to net loss of $(9.1) million, or $(0.05) per diluted share, in the prior year quarter • Adjusted diluted EPS 1 was $0.10 per diluted share compared to $0.06 per diluted share in the prior year quarter

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Source: SEC EDGAR

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