Jon Michael Adinolfi
appointed Jon Michael Adinolfi, Chief Executive Officer and President of the Company, to join the Board as a director effective as of February 13, 2025.
Highest-materiality recent filing
Preliminary Q2 net sales $440-444M (+9-10% YoY); operating income $40-42M (+10-16%).
Net sales $370.1M (+3% YoY); net loss $(4.7)M vs $(0.3)M; adjusted diluted EPS $0.07 vs $0.10.
Hillman targets $2.5B revenue by 2030, 8-12% CAGR; reaffirms 2026 guide
Targets $2.5B net sales by 2030, implying 8%-12% revenue CAGR from 2025 base.
Hillman Solutions reports record FY2025 net sales of $1.55B (+5.4% YoY); guides FY2026 $1.6-1.7B
Q4 net sales $365.1M (+4.5% YoY); net income $1.6M vs loss of $1.2M in Q4 2024.
Record Q3 net sales $424.9M, Adj. EBITDA $88.0M; FY25 Adj. EBITDA guidance raised to $270-275M
Net sales up 8.0% YoY to record $424.9M; net income $23.2M ($0.12 diluted EPS) vs $7.4M ($0.04) prior year.
Hillman Q2 net sales +6.2% to $402.8M; raises guidance mid-point; board authorizes $100M buyback
Q2 net sales $402.8M (+6.2% YoY); net income $15.8M ($0.08 diluted EPS); adjusted EBITDA $75.2M.
Hillman Q1 net sales up 2.6% to $359.3M; reiterates full-year guidance but withdraws FCF outlook
Net sales $359.3M (+2.6% YoY); net loss improved to $0.3M from $1.5M loss.
Hillman Q4 net sales up 0.5% to $349.6M; record 2024 adj. EBITDA; CEO joins board
Q4 net sales $349.6M (+0.5% YoY); net loss $(1.2)M improved from $(10.1)M prior year.
Hillman Q3 adjusted EPS $0.16 vs $0.11 YoY; raises FY adjusted EBITDA guidance to ~$250M
Net sales $393.3M, down 1.4% YoY; adjusted EBITDA $72.6M vs $66.8M.
Hillman Q2 beats on profitability; raises FY EBITDA guidance; names COO Adinolfi as next CEO
Q2 net sales $379.4M (-0.2% YoY); adj. EPS $0.16 vs $0.13 prior year; net income $12.5M.
Hillman Q1 net loss narrows to $1.5M; adj. EBITDA up 30% to $52.3M
Net sales $350.3M (+0.2% YoY); net loss $(1.5M) vs $(9.1M) prior year.
Hillman reprices $752M term loan, cuts interest margin by 25 bps to SOFR+250
Expected annualized interest savings of ~$2.6M before one-time fees of ~$1.4M.
Hillman Q4 net sales $347.8M, adj EPS $0.10; guides FY2024 EBITDA $230-240M
Q4 net sales $347.8M (-0.8% YoY; +3.8% ex-14th week); net loss $(10.1)M vs $(13.9)M prior.
Net sales $398.9M (+5.4% YoY); net income $5.1M vs loss $9.5M; adjusted diluted EPS $0.11 vs $0.14.
Hillman Q2 net sales down 3.6% to $380M; adjusted EPS $0.13 vs $0.14; FY guidance reiterated
Q2 net income $4.5M ($0.02 diluted EPS) vs $8.8M ($0.04) prior year; net sales $380.0M (-3.6%).
Hillman appoints Diane Honda to board effective May 31; promotes Adinolfi to COO
Diane Honda (Barracuda Networks CAO) appointed independent director; board reduced to nine, eight independent.
Hillman Solutions closes secondary offering of 22.45M shares by CCMP affiliates at $7.69/sh
Selling stockholders (CCMP funds) sold 22,455,000 shares in underwritten public offering.
Hillman Q1 net sales down 3.7% to $349.7M; net loss widens to $9.1M; guidance reaffirmed
Net sales $349.7M, down 3.7% YoY; net loss $(9.1)M vs $(1.9)M loss in prior year quarter.
Hillman Solutions Q4 net loss $13.9M; FY2022 adj. EBITDA $210.2M; guides FY2023 EBITDA $215-235M
Q4 net sales $350.7M (+1.8% YoY); net loss $(13.9)M vs income $6.5M prior year.
Hillman Q3 sales up 3.9% to $378.5M; adj. EPS $0.14; guidance narrowed
Net sales $378.5M (+3.9% YoY); net loss improved to $(9.5)M from $(32.5)M.
Hillman Q2 sales up 4.9% to $394.1M; lowers FY2022 guidance to low end of ranges
Net income $8.8M ($0.04) vs loss $3.4M prior year; adjusted EPS $0.14 vs $0.24.
Hillman Q1 sales up 6.4% to $363M; adj. EBITDA falls 7.9%; guidance reiterated
Net sales $363M (+6.4% YoY); net loss improved to $(1.9)M from $(9.0)M.
Selling stockholders sold 14,950,000 shares at $10.00 each, including 1.95M shares from full exercise of overallotment option.
Hillman Solutions posts Q3 operating loss of $13.3M; sales down 8.6%
Net sales $364.5M (-8.6% YoY); operating income -$13.3M vs $35.1M profit prior year.
Hillman Q2 net sales +8.4% to $375.7M; adj. EBITDA +4.6% to $64.5M; operating income down 5.9%
Net sales $375.7M (Q2 2021), up 8.4% from $346.7M a year ago.
Hillman Solutions files 8-K/A with Q2 financials post-SPAC merger; net sales up 8.4% to $375.7M
Net sales for the thirteen weeks ended June 26, 2021, were $375.7M, up from $346.7M a year ago.
Business combination closed July 14, 2021; aggregate consideration ~$939.6M paid in 137,569,511 shares of common stock.
Landcadia III reports zero stockholder redemptions; Hillman deal approval expected
No stockholder redemptions of public shares in connection with the proposed Hillman business combination.
Landcadia stockholders approve merger with Hillman Holdco; all proposals pass
Business Combination Proposal approved: 51,503,549 for, 2,573 against, 7,630 abstain.
Jefferies net deferred underwriting commission of $13M after up to $4.5M allocated to other banks.
appointed Jon Michael Adinolfi, Chief Executive Officer and President of the Company, to join the Board as a director effective as of February 13, 2025.
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.
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.
On June 6, 2023, the Company announced that the Board promoted Jon Michael Adinolfi to Chief Operating Officer.
On May 31, 2023, upon the recommendation of the Nominating and ESG Committee, the Board of Directors (the “Board”) of Hillman Solutions Corp. (the “Company”) appointed Diane C. Honda, Chief Administrative Officer, General Counsel & Secretary of Barracuda Networks since 2012, to join the Board as an independent director, effective as of May 31, 2023.
On May 11, 2023, Joseph M. Scharfenberger, Jr. and Richard F. Zannino, each a member of the Board of Directors (the “ Board ”) of Hillman Solutions Corp. (the “ Company ”), notified the Company of their decision to resign, effective immediately, from their positions as members of the Board and as members of the Compensation Committee of the Board.
On May 11, 2023, Joseph M. Scharfenberger, Jr. and Richard F. Zannino, each a member of the Board of Directors (the “ Board ”) of Hillman Solutions Corp. (the “ Company ”), notified the Company of their decision to resign, effective immediately, from their positions as members of the Board and as members of the Compensation Committee of the Board.
Douglas Cahill, Joseph Scharfenberger, Richard Zannino, Daniel O’Leary, John Swygert, Aaron Jagdfeld, David Owners, Philip Woodlief, Diana Dowling and Teresa Gendron were appointed as directors of the Company, with Douglas Cahill appointed Chairman.
Douglas Cahill, Joseph Scharfenberger, Richard Zannino, Daniel O’Leary, John Swygert, Aaron Jagdfeld, David Owners, Philip Woodlief, Diana Dowling and Teresa Gendron were appointed as directors of the Company, with Douglas Cahill appointed Chairman.
Douglas Cahill was appointed as President and Chief Executive Officer; Robert Kraft was appointed as Chief Financial Officer and Treasurer; and Steven Brunker was appointed as Chief Information Officer.
Douglas Cahill, Joseph Scharfenberger, Richard Zannino, Daniel O’Leary, John Swygert, Aaron Jagdfeld, David Owners, Philip Woodlief, Diana Dowling and Teresa Gendron were appointed as directors of the Company, with Douglas Cahill appointed Chairman.
Douglas Cahill, Joseph Scharfenberger, Richard Zannino, Daniel O’Leary, John Swygert, Aaron Jagdfeld, David Owners, Philip Woodlief, Diana Dowling and Teresa Gendron were appointed as directors of the Company, with Douglas Cahill appointed Chairman.
Max materiality 0.90 · Median 0.60 · Most common event earnings