Hillman Q2 beats on profitability; raises FY EBITDA guidance; names COO Adinolfi as next CEO

Hillman Solutions Corp.

2024-Q2 EPS reported $0.06 revenue$729,737,000

Q2 net sales $379.4M (-0.2% YoY); adj. EPS $0.16 vs $0.13 prior year; net income $12.5M.
FY24 net sales guidance lowered to $1.44-1.48B; Adj. EBITDA raised to $240-250M; FCF unchanged $100-120M.
Net debt to TTM Adj. EBITDA improved to 2.9x from 3.3x at year-end 2023.
COO Jon Michael Adinolfi to become President & CEO effective Jan 1, 2025; Doug Cahill to become Executive Chairman.

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Douglas J. Cahill

Executive Chairman

HLMN · Hillman Solutions Corp.

Effective: 2025-01-01
Successor: Jon Michael Adinolfi
Filed: August 6, 2024, 7:59 PM ET

Current Chairman, CEO, and President Douglas J. Cahill, age 64, will step down from the CEO and President position, effective January 1, 2025, and remain as Chair of the Board of Directors serving under the new position of Executive Chairman.

Role change

Jon Michael Adinolfi

Chief Executive Officer and President

HLMN · Hillman Solutions Corp.

Effective: 2025-01-01
Filed: August 6, 2024, 7:59 PM ET

On August 1, 2024, the Board of Directors of Hillman Solutions Corp. (the “Company’) appointed Jon Michael Adinolfi to the position of Chief Executive Officer (“CEO”) and President of the Company, effective January 1, 2025.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Douglas J. Cahill changed role as Executive Chairman at Hillman Solutions Corp..

Action: step down
Role: Executive Chairman

Exact text from the filing

Current Chairman, CEO, and President Douglas J. Cahill, age 64, will step down from the CEO and President position, effective January 1, 2025, and remain as Chair of the Board of Directors serving under the new position of Executive Chairman.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Jon Michael Adinolfi was appointed as Chief Executive Officer and President at Hillman Solutions Corp..

Action: appointed
Role: Chief Executive Officer and President

Exact text from the filing

On August 1, 2024, the Board of Directors of Hillman Solutions Corp. (the “Company’) appointed Jon Michael Adinolfi to the position of Chief Executive Officer (“CEO”) and President of the Company, effective January 1, 2025.

View on SEC.gov

Hillman Solutions Corp. filing history →

Source: SEC EDGAR

accession 0001822492-24-000138

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