Hillman Solutions Corp. ( (HLMN) ) has released its Q4 earnings. Here is a breakdown of the information Hillman Solutions Corp. presented to its investors.
Hillman Solutions Corp. is a leading provider of hardware products and merchandising solutions to home improvement, hardware, and farm and fleet retailers across North America, known for its customer service and direct-to-store shipping model.
Hillman Solutions Corp. reported its financial results for the fourth quarter and full year of 2024, highlighting record bottom-line results despite a challenging macroeconomic environment. The company also provided guidance for 2025, indicating expectations for growth in both revenue and profitability.
In the fourth quarter of 2024, Hillman achieved a slight increase in net sales to $349.6 million and reduced its net loss significantly to $1.2 million, compared to a $10.1 million loss in the same quarter of the previous year. The company’s adjusted EBITDA for the quarter rose to $56.3 million from $54.4 million. For the full year, Hillman reported a slight decrease in net sales to $1.47 billion, with a net income of $17.3 million, reversing a net loss from the prior year. Notably, the company reduced its net debt and made strategic acquisitions to expand its product portfolio.
Looking ahead, Hillman Solutions Corp. is optimistic about 2025, with plans to grow its sales and adjusted EBITDA. The company intends to continue its focus on customer care, acquiring new business, and making strategic investments, positioning itself for sustained success in the market.
The management’s forward-looking guidance for the full year 2025 anticipates net sales between $1.495 billion and $1.575 billion, with adjusted EBITDA expected to be in the range of $255 million to $275 million, indicating a positive trajectory for the company’s financial health.