CINCINNATI, July 22, 2026 (GLOBE NEWSWIRE) -- Hillman Solutions Corp. (Nasdaq: HLMN) (the "Company", “Hillman Group”, or "Hillman"), a leading provider of hardware and related products, announced the closing of the refinancing of its existing credit facilities, consisting of a new $735 million senior secured Term Loan B ("Term Loan B") and a $375 million asset-based revolving credit facility ("ABL Revolver").
Proceeds from the Term Loan B were primarily used to refinance the Company's existing term loan, repay amounts outstanding under its existing revolving credit facility, and pay related fees and expenses.
The Term Loan B matures in July 2033 and is currently priced at SOFR +200 basis points. The ABL Revolver, which currently has a zero balance, matures in July 2031 and is currently priced at SOFR +125 basis points. The pricing of both the Term Loan B and the ABL Revolver are consistent with the previous credit facilities.
"This refinancing meaningfully extends our debt maturity profile and enhances our financial flexibility,” said Jon Michael Adinolfi, Chief Executive Officer of Hillman. "It reflects the continued strength of our business and positions us well to invest in our core operations and pursue value-creating growth opportunities. These transactions give us a capital structure that supports our long-term strategic priorities including acquisitions."
Jefferies Finance LLC acted as Lead Left Arranger for the Term Loan B with U.S. Bank, BofA Securities, PNC Capital Markets LLC, and Fifth Third Bank, N.A. acting as Joint Lead Arrangers, and First Financial Bank also participating in the syndicate.
U.S. Bank acted as lead arranger and administrative agent for the ABL Revolver, with Bank of America, N.A., PNC Bank N.A., and Fifth Third Bank, N.A. acting as Joint Lead Arrangers, and First Financial Bank also participating in the syndicate.
About Hillman Solutions Corp.
Founded in 1964 and headquartered in Cincinnati, Hillman is a leading provider of hardware and related products serving retail, pro distribution, and industrial MRO customers. Over the last 60-plus years, Hillman has built a legacy of service and growth by forming strategic partnerships with North America's leading home improvement, hardware, and farm and fleet retailers. Hillman differentiates itself from the competition with its dedicated field sales team of 1,200+ associates, direct-to-store distribution capabilities, and world class global sourcing and supply chain expertise. The company offers an extensive product portfolio of more than 111,000 SKUs, including fasteners (power screws, nuts, bolts), hardware (builder's hardware, door hardware, rope & chain, accessories), project gear & supplies (gloves, work gear, paint & cleaning sundries), and key and engraving services (key duplication, auto keys, and engraving). Hillman is committed to delivering exceptional customer service, innovative products, and dependable solutions to its customers and regularly earns vendor of the year recognition from top customers. For more information on Hillman, visit www.hillman.com.
Forward-Looking Statements
All statements made in this press release that are considered to be forward-looking are made in good faith by the Company and are intended to qualify for the safe harbor from liability established by Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the Private Securities Litigation Reform Act of 1995. You should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," “target”, “goal”, "may," "will," "could," "should," "believes," "predicts," "potential," "continue," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, the Company’s expectations with respect to future performance and statements relating to the Transaction, which may not be consummated on the terms described in this press release, or at all. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside the Company's control and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) unfavorable economic conditions that may affect our and our customers’, suppliers’ and other business partners’ operations, financial condition and cash flows including spending on home renovation or construction projects, inflation, recessions, instability in the financial markets or credit markets; (2) increased supply chain costs, including tariffs, raw materials, sourcing, transportation and energy; (3) the highly competitive nature of the markets that we serve; (4) the ability to continue to innovate with new products and services; (5) seasonality; (6) large customer concentration; (7) the ability to recruit and retain qualified employees; (8) the outcome of any legal proceedings that may be instituted against the Company; (9) adverse changes in currency exchange rates; or (10) regulatory changes and potential legislation that could adversely impact financial results. The foregoing list of factors is not exclusive, and readers should also refer to those risks that are included in the Company’s filings with the Securities and Exchange Commission (“SEC”), including the Annual Report on Form 10-K filed on February 17, 2026. Given these uncertainties, current or prospective investors are cautioned not to place undue reliance on any such forward-looking statements.
Except as required by applicable law, the Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements in this communication to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.
Contact:
Michael Koehler
Vice President – Corporate Development, Investor Relations, Treasury
513-826-5495 [email protected]
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Targets $2.5 billion in net sales by 2030, driven by core business growth, category expansion, and Pro channel penetration
Presents 5-year financial objectives including 8-12% revenue CAGR, low-double-digit Adjusted EBITDA CAGR, and high-teen ROIC
Provides blueprint to pursue $18+ billion market opportunity across retail, Pro distribution, and industrial MRO channels
Affirms 2026 guidance of $1.6 billion to $1.7 billion in net sales, $275 million to $285 million in Adjusted EBITDA, and $100 million to $120 million of Free Cash Flow
CINCINNATI, March 19, 2026 (GLOBE NEWSWIRE) -- Hillman Solutions Corp. (Nasdaq: HLMN) (the “Company” or “Hillman”), a leading provider of hardware-related products and merchandising solutions, is hosting its inaugural Investor Day today at its Customer Support Center in Cincinnati beginning at 8:30 a.m. Eastern Time.
Jon Michael Adinolfi, Hillman's Chief Executive Officer, commented, “Since becoming a public company in 2021, Hillman has strengthened its position as a premier category leader while consistently delivering profitable growth and improving its financial profile. Our Investor Day highlights the structural advantages that make Hillman resilient through market cycles and uniquely positioned to further compound earnings growth.”
“Today we are unveiling our blueprint for value creation, which builds on the strengths of our core fastening and hardware platform while expanding our presence across categories and channels. With our strong channel relationships, global sourcing agility, and highly experienced field sales team, we believe Hillman is uniquely positioned to capture additional share gains across a growing and largely untapped $18+ billion market.
“Our five-year financial objectives reflect our confidence in Hillman’s strategic blueprint and core operational competencies. By executing against our strategy with disciplined capital allocation we see a clear path to sustained revenue growth, margin expansion, cash generation, and strong returns on invested capital for the foreseeable future.”
Blueprint and Catalysts for Value Creation
Hillman outlined a strategic blueprint designed to drive durable growth and long-term shareholder value:
Own the Core: Hillman’s resilient core fastener and hardware-related business serves as the foundation for growth, supported by industry-leading category management, integrated operations, and long-standing customer relationships. Expand Categories: Further leverage operational capabilities and deep customer relationships that enable expansion across new and existing product categories, unlocking incremental revenue opportunities. Win the Pro: Accelerate new business wins with specialty distribution, LBM and industrial MRO distributors, where Hillman’s structural advantages provide a scalable growth platform. ROIC Focus: Maintain disciplined capital allocation supported by strong free cash flow generation and a solid balance sheet, enabling targeted investments and bolt-on acquisitions that enhance returns on invested capital. 5-Year Financial Objectives
Over the next five years, from a base of full year 2025 through full year 2030, the Company expects:
Revenue: An 8%-12% CAGR, targeting $2.5 billion in net sales by 2030, driven by core growth, category expansion, pro channel penetration, and M&A. Adjusted EBITDA: Low-double-digit CAGR, with continued margin expansion supported by global sourcing agility, operational leverage, and favorable product mix. Net leverage: Maintain below 2.5x net debt-to-Adjusted EBITDA ratio, preserving financial flexibility for organic investment and bolt-on acquisitions. ROIC: High-teen percentage target, driven by a scalable platform, approximately 100% average free cash flow conversion of Adjusted Net Income, and disciplined capital deployment. Investor Day Webcast
A live webcast of the presentations and the accompanying slide materials will be available on the company’s investor relations website at https://ir.hillmangroup.com or the direct link below. All interested parties are invited to register for the webcast.
Date: Today, March 19, 2026
Time: 8:30 a.m. Eastern Time
Webcast: Hillman Investor Day microsite
A webcast replay will be available on the website after the event.
About Hillman Solutions Corp.
Founded in 1964 and headquartered in Cincinnati, Hillman is a leading provider of hardware and related products serving retail, pro distribution, and industrial MRO customers. Over the last 60-plus years, Hillman has built a legacy of service and growth by forming strategic partnerships with North America’s leading home improvement, hardware, and farm and fleet retailers. Hillman differentiates itself from the competition with its dedicated field sales team of 1,200+ associates, direct-to-store distribution capabilities, and world class global sourcing and supply chain expertise. The company offers an extensive product portfolio of more than 111,000 SKUs, including fasteners (power screws, nuts, and bolts), hardware (builder’s hardware, rope & chain, accessories), project gear & supplies (gloves, work gear, paint & cleaning sundries), and key and engraving services (key duplication, auto keys, and engraving). Hillman is committed to delivering exceptional customer service, innovative products, and dependable solutions to its customers and regularly earns vendor of the year recognition from top customers. For more information on Hillman, visit www.hillman.com.
Non-GAAP Financial Measures
The Company uses non-GAAP financial measures to analyze underlying business performance and trends. The Company believes that providing these non-GAAP financial measures enhances the Company’s and investors’ ability to compare the Company’s past financial performance with its current performance. These non-GAAP financial measures are provided as supplemental information to the financial measures presented in this press release that are calculated and presented in accordance with GAAP. Non-GAAP financial measures should not be considered a substitute for, or superior to, financial measures determined or calculated in accordance with GAAP. The Company’s definitions of its non-GAAP financial measures may not be comparable to similarly titled measures reported by other companies. Because GAAP financial measures on a forward-looking basis are not accessible, and reconciling information is not available without unreasonable effort, reconciliations to GAAP financial measures are not provided for forward-looking non-GAAP measures. For the same reasons, the Company is unable to address the probable significance of the unavailable information, which could be material to future results.
Non-GAAP financial measures such as consolidated adjusted EBITDA and Adjusted Diluted Earnings per Share (EPS) exclude from the relevant GAAP metrics items that neither relate to the ordinary course of the Company’s business, nor reflect the Company’s underlying business performance.
Forward-Looking Statements
You should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," “target”, “goal”, "may," "will," "could," "should," "believes," "predicts," "potential," "continue," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, the Company’s expectations with respect to future performance. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside the Company's control and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) unfavorable economic conditions that may affect operations, financial condition and cash flows including spending on home renovation or construction projects, inflation, recessions, instability in the financial markets or credit markets; (2) increased supply chain costs, including tariffs, raw materials, sourcing, transportation and energy; (3) the highly competitive nature of the markets that we serve; (4) the ability to continue to innovate with new products and services; (5) seasonality; (6) large customer concentration; (7) the ability to recruit and retain qualified employees; (8) the outcome of any legal proceedings that may be instituted against the Company; (9) adverse changes in currency exchange rates; or (10) regulatory changes and potential legislation that could adversely impact financial results. The foregoing list of factors is not exclusive, and readers should also refer to those risks that are included in the Company’s filings with the Securities and Exchange Commission (“SEC”), including its Annual Report on Form 10-K for the fiscal year ended December 27, 2025. Given these uncertainties, current or prospective investors are cautioned not to place undue reliance on any such forward-looking statements.
Except as required by applicable law, the Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements in this communication to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.
Contact:
Michael Koehler
Vice President of Investor Relations & Treasury
513-826-5495 [email protected]
CINCINNATI, March 26, 2026 (GLOBE NEWSWIRE) -- Hillman Solutions Corp. (Nasdaq: HLMN) (the “Company” or “Hillman”), a leading provider of hardware-related products and merchandising solutions, today announced it has been named a recipient of the 2026 James A. Wuenker Growth Award by REDI Cincinnati in recognition of the Company’s commitment to the redevelopment of the Forest Fair Mall site.
The project involves the construction of a multipurpose facility in Forest Park, Ohio at the former Forest Fair Mall site. The development will bring several of Hillman’s Cincinnati-area operations together into a single 715,000-square-foot facility designed to enhance collaboration and operational efficiency. Hillman will lease and fully occupy the building as its sole tenant.
Hillman’s recognition highlights the Company’s continued commitment to the Cincinnati region and its support of economic growth through strategic, long-term development. Demolition of the mall is almost complete, with construction of the new facility expected to begin later this year.
The award was presented during REDI Cincinnati’s Annual Meeting and Awards Ceremony at the Duke Energy Convention Center. The Growth Awards recognize projects announced in the prior year that significantly strengthen the regional economy. Hillman was one of four organizations selected from 17 projects reviewed by a committee of regional economic development stakeholders.
“We are honored to receive the James A. Wuenker Growth Award and proud to continue strengthening our presence in the region where Hillman has deep roots,” said Rocky Kraft, Chief Financial Officer of Hillman. “The Forest Fair Mall project reflects our confidence in the Cincinnati region and our focus on creating a collaborative, efficient environment that supports our employees, customers, and long-term success.”
“The Hillman Group’s transformational commitment to Forest Park elevates its longstanding dedication to our region,” said Kimm Lauterbach, president and CEO of REDI Cincinnati. “Reimagining this site as a state-of-the-art facility underscores Hillman’s leadership and innovation while advancing its legacy of excellence.”
Named in honor of renowned economic developer James A. Wuenker, the annual Growth Awards recognize expansion projects that demonstrate measurable economic impact and contribute to the long-term vitality of the Cincinnati region.
About Hillman Solutions Corp.
Founded in 1964 and headquartered in Cincinnati, Hillman is a leading provider of hardware and related products serving retail, pro distribution, and industrial MRO customers. Over the last 60-plus years, Hillman has built a legacy of service and growth by forming strategic partnerships with North America’s leading home improvement, hardware, and farm and fleet retailers. Hillman differentiates itself from the competition with its dedicated field sales team of 1,200+ associates, direct-to-store distribution capabilities, and world class global sourcing and supply chain expertise. The company offers an extensive product portfolio of more than 111,000 SKUs, including fasteners (power screws, nuts, and bolts), hardware (builder’s hardware, rope & chain, accessories), project gear & supplies (gloves, work gear, paint & cleaning sundries), and key and engraving services (key duplication, auto keys, and engraving). Hillman is committed to delivering exceptional customer service, innovative products, and dependable solutions to its customers and regularly earns vendor of the year recognition from top customers. For more information on Hillman, visit www.hillman.com.
About REDI Cincinnati
The Regional Economic Development Initiative (REDI) Cincinnati is the first point-of-contact for companies locating or growing in the 15-county region at the heart of southwest Ohio, northern Kentucky, and southeast Indiana. REDI Cincinnati is supported by top business leaders and community partners and staffed by a team of economic development experts who are uniting the Cincinnati region to compete globally. The future is bright, and we’re building it, right now. Join us at REDICincinnati.com.
Hillman Solutions Corp. earns a Buy rating, trading at a 25% discount to peers, with strong supply chain diversification and market share initiatives. HLMN is reducing Chinese supplier exposure from 49% to a targeted 20%, enhancing supply chain resilience and earnings visibility. FY2026 revenue guidance is $1.6–$1.7 billion, driven by new business wins and pricing, though market volume remains a headwind.
CINCINNATI, March 31, 2026 (GLOBE NEWSWIRE) -- Hillman Solutions Corp. (Nasdaq: HLMN) (“Hillman”), a leading provider of hardware-related products and merchandising solutions, plans to host a conference call to discuss its results for the thirteen weeks ended March 28, 2026 on Tuesday, April 28, 2026 at 8:30 a.m. Eastern Time. Hillman plans to issue its earnings release after market close on Monday, April 27, 2026.
President and Chief Executive Officer Jon Michael Adinolfi and Chief Financial Officer Rocky Kraft will host the results presentation.
Results Presentation Details:
Date: Tuesday, April 28
Time: 8:30 a.m. Eastern Time
Listen-Only Webcast: https://edge.media-server.com/mmc/p/3we7oiaa
Sell-side analysts wishing to participate in the call’s live question and answer session must register by clicking here: https://register-conf.media-server.com/register/BIb7dea4da034d47a793384552fe44ef09.
A webcast replay will be available approximately one hour after the conclusion of the presentation using the Listen-Only Webcast link above.
Hillman’s earnings release and quarterly results presentation are expected to be filed with the SEC and posted to its website, https://ir.hillmangroup.com, before the results presentation begins.
About Hillman Solutions Corp.
Founded in 1964 and headquartered in Cincinnati, Hillman is a leading provider of hardware and related products serving retail, pro distribution, and industrial MRO customers. Over the last 60-plus years, Hillman has built a legacy of service and growth by forming strategic partnerships with North America’s leading home improvement, hardware, and farm and fleet retailers. Hillman differentiates itself from the competition with its dedicated field sales team of 1,200+ associates, direct-to-store distribution capabilities, and world class global sourcing and supply chain expertise. The company offers an extensive product portfolio of more than 111,000 SKUs, including fasteners (power screws, nuts, and bolts), hardware (builder’s hardware, rope & chain, accessories), project gear & supplies (gloves, work gear, paint & cleaning sundries), and key and engraving services (key duplication, auto keys, and engraving). Hillman is committed to delivering exceptional customer service, innovative products, and dependable solutions to its customers and regularly earns vendor of the year recognition from top customers. For more information on Hillman, visit www.hillman.com.
Investor Contact
Michael Koehler
Vice President of Investor Relations & Treasury
513-826-5495 [email protected]
Shares of Hillman Solutions Corp. (NASDAQ:HLMN – Get Free Report) have been given a consensus rating of “Moderate Buy” by the seven ratings firms that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $11.3333.
Several equities analysts have commented on HLMN shares. Benchmark decreased their target price on shares of Hillman Solutions from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Friday, February 20th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $14.00 price target on shares of Hillman Solutions in a report on Tuesday, March 24th. Wall Street Zen lowered shares of Hillman Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Hillman Solutions in a research note on Friday, January 9th.
Check Out Our Latest Research Report on HLMN
Hillman Solutions Price Performance NASDAQ HLMN opened at $8.04 on Friday. The company has a current ratio of 2.51, a quick ratio of 0.62 and a debt-to-equity ratio of 0.54. Hillman Solutions has a 1-year low of $6.55 and a 1-year high of $10.85. The company has a 50 day moving average of $8.82 and a 200-day moving average of $9.03. The company has a market cap of $1.58 billion, a price-to-earnings ratio of 38.29, a PEG ratio of 1.11 and a beta of 1.63.
Hillman Solutions (NASDAQ:HLMN – Get Free Report) last issued its quarterly earnings results on Tuesday, February 17th. The company reported $0.10 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.10. The business had revenue of $365.14 million for the quarter, compared to the consensus estimate of $371.69 million. Hillman Solutions had a return on equity of 9.57% and a net margin of 2.60%.The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.10 earnings per share. On average, equities research analysts expect that Hillman Solutions will post 0.58 earnings per share for the current fiscal year.
Insider Activity at Hillman Solutions In related news, insider Amanda Kitzberger sold 11,804 shares of the company’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $8.29, for a total transaction of $97,855.16. Following the completion of the sale, the insider directly owned 72,605 shares in the company, valued at $601,895.45. This represents a 13.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 4.90% of the company’s stock.
Institutional Inflows and Outflows Institutional investors have recently bought and sold shares of the business. Reinhart Partners LLC. grew its holdings in shares of Hillman Solutions by 4.2% during the 3rd quarter. Reinhart Partners LLC. now owns 10,471,532 shares of the company’s stock valued at $96,129,000 after purchasing an additional 418,313 shares during the last quarter. Burgundy Asset Management Ltd. lifted its stake in Hillman Solutions by 18.0% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 11,202,558 shares of the company’s stock valued at $79,986,000 after purchasing an additional 1,712,688 shares during the last quarter. Anchor Capital Management Company LLC lifted its stake in Hillman Solutions by 102.5% in the 3rd quarter. Anchor Capital Management Company LLC now owns 1,417,772 shares of the company’s stock valued at $13,015,000 after purchasing an additional 717,772 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in Hillman Solutions in the second quarter valued at approximately $1,760,000. Finally, ArrowMark Colorado Holdings LLC boosted its position in Hillman Solutions by 71.6% in the third quarter. ArrowMark Colorado Holdings LLC now owns 671,000 shares of the company’s stock valued at $6,160,000 after buying an additional 280,000 shares in the last quarter. Institutional investors and hedge funds own 98.11% of the company’s stock.
About Hillman Solutions (Get Free Report)
Hillman Solutions (NASDAQ:HLMN) is a leading provider of hardware and related products to the home improvement, retail, industrial and manufacturing markets. The company’s portfolio encompasses key duplication systems and security solutions, hardware essentials such as fasteners and anchors, signage and labeling products, and outdoor and seasonal items. Hillman’s product offerings are sold through a network of major home improvement retailers, wholesalers, independent distributors and other specialty outlets.
Founded in 1964 and headquartered in Cincinnati, Ohio, Hillman grew from a family-run enterprise into a global supplier of hardware solutions.
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Titan America (NYSE:TTAM – Get Free Report) and Hillman Solutions (NASDAQ:HLMN – Get Free Report) are both construction companies, but which is the better investment? We will contrast the two businesses based on the strength of their valuation, dividends, institutional ownership, risk, profitability, analyst recommendations and earnings.
Volatility & Risk Titan America has a beta of 1.36, indicating that its stock price is 36% more volatile than the S&P 500. Comparatively, Hillman Solutions has a beta of 1.63, indicating that its stock price is 63% more volatile than the S&P 500.
Insider and Institutional Ownership 98.1% of Hillman Solutions shares are held by institutional investors. 4.9% of Hillman Solutions shares are held by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term.
Analyst Ratings This is a summary of recent ratings and target prices for Titan America and Hillman Solutions, as provided by MarketBeat.com.
Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Titan America 1 2 2 0 2.20 Hillman Solutions 0 3 4 0 2.57 Titan America presently has a consensus price target of $17.00, suggesting a potential upside of 12.55%. Hillman Solutions has a consensus price target of $11.33, suggesting a potential upside of 40.96%. Given Hillman Solutions’ stronger consensus rating and higher possible upside, analysts plainly believe Hillman Solutions is more favorable than Titan America.
Profitability This table compares Titan America and Hillman Solutions’ net margins, return on equity and return on assets.
Net Margins Return on Equity Return on Assets Titan America 11.14% 19.07% 10.22% Hillman Solutions 2.60% 9.57% 4.91% Valuation & Earnings This table compares Titan America and Hillman Solutions”s top-line revenue, earnings per share (EPS) and valuation.
Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Titan America $1.66 billion 1.67 $185.44 million $1.02 14.81 Hillman Solutions $1.55 billion 1.02 $40.31 million $0.21 38.29 Titan America has higher revenue and earnings than Hillman Solutions. Titan America is trading at a lower price-to-earnings ratio than Hillman Solutions, indicating that it is currently the more affordable of the two stocks.
About Titan America (Get Free Report)
Titan America is a leading vertically integrated, multi-regional manufacturer and supplier of heavy building materials and services operating primarily on the Eastern Seaboard of the United States (the “Eastern Seaboard”). We are a leading provider of materials that contribute to lower carbon emissions than traditional building materials and/or beneficial reuse of waste materials. We are a leading provider of heavy building materials in Florida, the New York and New Jersey Metropolitan area (“Metro New York”), Virginia, North Carolina and South Carolina (Virginia and the Carolinas, together with Metro New York and their adjacent areas, the “Mid-Atlantic”). We serve markets that benefit from population growth, economic growth and technology and innovation trends that are among the strongest in the United States. We have built what we believe is a unique and differentiated building materials platform in the markets we serve. Today, our manufacturing, logistics and customer support capabilities span across critical building materials and products, including cement and supplementary cementitious materials (“SCMs”), aggregates, ready-mix concrete, concrete block and other ancillary products. Additionally, we believe that our market leadership in lower carbon cement and green concrete solutions positions us to benefit from growing demand for building materials that contribute to lower carbon emissions. We believe our vertically integrated business model and continued investment in our extensive logistical capabilities have enabled us to grow with our diverse customer base across infrastructure, residential and non-residential end markets. By leveraging these competitive advantages across our two reportable segments, the Mid-Atlantic and Florida, we believe that we are in a strong position to drive meaningful growth and enhanced profitability into the future. Our executive management team has led Titan America to experience growth in scale, product portfolio and geographic footprint. This growth was driven by our management team’s targeted investment strategy, which has enhanced production capacity and strengthened distribution and logistics capabilities in high-growth markets. These efforts include expanding cement and SCM storage, scaling import capacity and leveraging digital investments to optimize logistics execution and boost asset reliability across our vertically integrated operations. Between fiscal years 2013 and 2023, we have grown our sales from $539 million to approximately $1.6 billion (an 11% compound annual growth rate (“CAGR”)), our net income went from a loss of $65.4 million to a positive $155.2 million and our Adjusted EBITDA increased from $36 million to $328 million (a 25% CAGR), while our net income margin has grown from negative 12% to positive 10% during that same period. As a result of our continuous investment program to modernize and scale our operations, we have experienced 50% revenue growth, 150% net income growth and 65% Adjusted EBITDA growth from fiscal 2019 to fiscal 2023. Additionally, we have reduced our cement operations CO2 emissions per metric ton of cementitious materials by 18%, from 718 kg of net CO2 per metric ton in 2019 to 587 kg of net CO2 per metric ton in 2023. Our scaled, vertically integrated network of more than 100 facilities includes some of the largest cement plants, import terminals, mines, ready-mix concrete plants, fly ash processing plants and concrete block production lines in our core markets. Our cement plants are capable of producing approximately 3.8 million tons of cement annually, over 95% of which contains up to 10% lower CO2 emissions than standard use ordinary Portland cement (“Lower-Carbon Cement”). Our cement manufacturing activities are supported by a network of mining operations containing a total of 474 million tons of reserves as of May 1, 2024, which we are in the process of expanding through various opportunities. — Since our initial investment in the Essex Cement import terminal in Metro New York in 1989, we believe we have built one of the most comprehensive, capable and reliable building materials platforms on the Eastern Seaboard through focused and strategic investments. In 1992, we acquired 59% of Roanoke Cement Company and all its related assets, establishing our domestic manufacturing and regional distribution capabilities in the Mid-Atlantic region through the addition of the Roanoke cement plant in Troutville, Virginia (our “Roanoke Plant”), a marine import terminal in South Norfolk, Virginia (our “Norfolk Terminal”) and a rail-connected distribution network in Virginia and North Carolina. Between 1996 and 2002, we invested $110 million in our Roanoke Plant, which included a major modernization of its clinker and cement production process, as well as the addition of a preheater/precalciner, a new clinker cooler, new clinker silos, a new finish mill and a new packaged cement line. In 2000, we acquired Tarmac America Inc., including the remaining 41% of Roanoke Cement Company, giving us initial positions in ready-mix concrete and block operations across the State of Florida, as well as our Pennsuco facility in Medley, Florida (“Pennsuco”) that produces cement, aggregates, ready-mix concrete and concrete block. In 2002, we acquired Separation Technologies (“ST”), a market leader in fly ash beneficiation and marketing. Throughout the early 2000s, we made significant investments to expand and improve the logistics and import capabilities of the business establishing a cement import terminal at the Port Tampa Bay, Florida (our “Port Tampa Bay Terminal”), and modernizing the Essex import operation at Port Newark in Metro New York (our “Essex Terminal”). Between 2001 and 2006, we invested approximately $254 million in our Pennsuco plant, which included modernization efforts with the commissioning of a state-of-the-art clinker production line, significantly increasing clinker production capacity at much lower energy consumption rates, and the addition of a new finish mill and a new packaging operation. Between 2006 and 2007, we invested approximately $365 million to significantly expand our ready-mix footprint through the acquisition of the S&W Ready Mix Concrete Company (“S&W Ready Mix”), which operated 26 concrete plants in the Carolinas, the Mechanicsville Concrete Company and five plants under the Powhatan Ready Mix brand in and around Richmond, Virginia. We also completed acquisitions of three ready-mix businesses on the west coast of Florida, including nine concrete plants located in and between Tampa and Fort Myers. In addition to these acquisitions, we installed 11 greenfield ready-mix concrete plants and one block production line throughout our territory which expanded our geographic footprint and improved density of delivery and manufacturing capacity in growing markets. In early 2010, we invested in a sand mine in Sussex County, Virginia, followed by commencing our operations in New Castle, Virginia (our “Castle Sands Operation”) in 2011 and Branchville, Virginia in 2019. From 2014 to 2023, we invested $53 million in an overland conveyor and two new draglines at the Pennsuco quarry. In 2017, we entered into a long-term mining royalty agreement and began operating a crushed limestone quarry in Estero, Florida, near Fort Myers. We upgraded the operations by installing a dragline and mobile mining fleet, as well as expanding the existing permit to substantially increase the base of reserves, all of which provide a stable source of aggregates for both external sale and internal consumption. Between 2018 and 2023, we invested $52 million in modernizing our logistics network in the Mid-Atlantic, including (i) investments in increasing silo storage capacity and installation of an automated loadout system at our Roanoke Plant, (ii) expansion of the Winston-Salem, Charlotte, Selma and Wilmington rail terminals to allow for multiple products, optimized storage and distribution capabilities and (iii) installation of a hybrid loadout system at the Norfolk Terminal capable of loading both trucks and rail cars. In 2023, we completed a $73 million investment at our Port Tampa Bay Terminal and our Norfolk Terminal, constructing new domes, adding multi-product storage capacity of approximately 70,000 tons each, as well as on other repairs and refurbishments. Recent investments we have made seek to capitalize on dynamic growth themes in the U.S. economy, including decarbonization, circular economy, resilient urbanization, infrastructure modernization, refurbishment and renovation, new construction technologies and high-performance products. We believe these initiatives contribute to and will act as significant drivers of growth. We have developed new cement types requiring less carbon intensive inputs that perform equally or better than conventional cements, resulting in lower CO2 content of the final product. We have replaced over 95% of our standard use Ordinary Portland Cement (“OPC”) production with Lower-Carbon Cement, improving the CO2 emissions per ton of product by up to 10% compared to OPC. We are currently investing in the development of our Type IT cement (a ternary cement blend) that requires even less amount of clinker while delivering equal or better performance than Lower-Carbon Cement. Depending on the type of SCM used (such as fly ash, slag, calcined clay or natural pozzolans) the total reduction in clinker quantity can reach up to 50% compared to OPC cements, resulting in a significant reduction of the CO2 emissions per ton of product. We are also committed to digital transformation. We are early adopters of artificial intelligence and machine learning (“AI/ML”) technologies in our industry, which we employ to increase plant reliability and capacity utilization, improve product quality, proactively manage operating and maintenance costs and improve energy efficiency. These initiatives place our cement plants in the top five most efficient in the U.S. cement industry out of companies participating in a 2022 Portland Cement Association (“PCA”) survey. We created a Digital Center of Excellence in 2022, which has driven digital transformation across our entire supply chain and fostered continuous improvement and fine-tuning of existing industrial AI/ML solutions, as well as the development and implementation of similar solutions in our commercial and logistics activities. Our investments in state-of-the-art operations and process control systems have also resulted in the deployment of predictive maintenance systems, based on data analytics for equipment faults and process anomaly detection to improve the reliability of our operations, and predictive quality analytics that improve product quality and consistency. Throughout the United States, we operate and maintain two cement plants, three marine import terminals, seven active mine locations, 82 ready-mix locations with 92 batch plants, eight concrete block locations with 13 production lines, seven fly ash plants and 21 distribution hubs that can handle various combinations of our products. We were incorporated on July 17, 2024 as a company with limited liability, incorporated and operating under the laws of Belgium. Our principal executive offices are located at 1000 Bruxelles, Square de Meeûs 37, Belgium, which is also our registered office. We also have offices at 5700 Lake Wright Drive, Suite 300, Norfolk, Virginia.
About Hillman Solutions (Get Free Report)
Founded in 1964 and headquartered in Cincinnati, Ohio, Hillman is a leading North American provider of complete hardware solutions, delivered with industry best customer service to over 40,000 locations. Hillman designs innovative product and merchandising solutions for complex categories that deliver an outstanding customer experience to home improvement centers, mass merchants, national and regional hardware stores, pet supply stores, and OEM & Industrial customers. Leveraging a world-class distribution and sales network, Hillman delivers a “small business” experience with “big business” efficiency.
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CINCINNATI, April 06, 2026 (GLOBE NEWSWIRE) -- Hillman Solutions Corp. (Nasdaq: HLMN) (the “Company” or “Hillman”), a leading provider of hardware products and merchandising solutions, announced that it has acquired the Campbell Chain & Fittings (“Campbell”) business, a premier manufacturer and supplier of industrial chain and chain-related products, from Apex Tool Group, LLC.
The acquisition of Campbell adds US-based manufacturing, complements our existing chain business and increases Hillman’s breadth of chain offerings to include commercial and industrial applications, adding grade 70, grade 80, and grade 100 chain to its product portfolio.
This acquisition expands Hillman’s position within the industrial MRO sector of the market, a key focus area for its future growth.
“With over 105 years in the business, Campbell is a well-respected manufacturer and supplier of chain and related products with a diverse set of customers that will make a great addition to Hillman,” commented Jon Michael Adinolfi, president, and chief executive officer of Hillman. “Going forward, we will continue to pursue attractive acquisition opportunities as a key part of our growth strategy.”
Chris Martin, Hillman’s Executive Vice President of Commercial & Industrial, added: “The acquisition of Campbell expands our presence in the industrial MRO channel, considering commercial and industrial customers make up the majority of Campbell’s business. Further, this deal complements our 2024 acquisition of Koch Industries, which marked Hillman’s entrance into the chain category.”
Founded in 1919, Campbell offers an extensive product offering to its broad base of commercial, industrial and retail customers across the US and Canada. Its products include welded and weldless chain, forged fittings, overhead lifting, and lifting clamp products.
Campbell serves attractive end markets, including agriculture, forestry, government, heavy/light duty equipment, industrial, marine, material handling, and hardware stores.
Hillman expects to recognize over $20 million in net sales during its 2026 fiscal year from the Campbell acquisition. Financial terms of the transaction were not disclosed.
About Campbell Chain & Fittings
Founded in 1919, Campbell is a premier manufacturer of chain and chain-related products serving industrial, construction, marine, and energy markets across North America. With a long-standing reputation for quality, safety, and innovation, Campbell’s comprehensive portfolio includes made-in-the-USA high-performance chain, fittings, and material-handling solutions engineered to meet the most demanding applications. Campbell’s manufacturing plant and headquarters are in York, Pennsylvania and its forging facility is based in Sumter, South Carolina. Campbell is one of the many leading brands of Apex Tool Group (“ATG”), one of the world’s largest manufacturers of professional hand and power tools. For more information visit www.campbellchainandfittings.com.
About Hillman Solutions Corp.
Founded in 1964 and headquartered in Cincinnati, Hillman is a leading provider of hardware and related products serving retail, pro distribution, and industrial MRO customers. Over the last 60-plus years, Hillman has built a legacy of service and growth by forming strategic partnerships with North America’s leading home improvement, hardware, and farm and fleet retailers. Hillman differentiates itself from the competition with its dedicated field sales team of 1,200+ associates, direct-to-store distribution capabilities, and world class global sourcing and supply chain expertise. The company offers an extensive product portfolio of more than 111,000 SKUs, including fasteners (power screws, nuts, and bolts), hardware (builder’s hardware, rope & chain, accessories), project gear & supplies (gloves, work gear, paint & cleaning sundries), and key and engraving services (key duplication, auto keys, and engraving). Hillman is committed to delivering exceptional customer service, innovative products, and dependable solutions to its customers and regularly earns vendor of the year recognition from top customers. For more information on Hillman, visit www.hillman.com.
Forward-Looking Statements
All statements made in this press release that are considered to be forward-looking are made in good faith by the Company and are intended to qualify for the safe harbor from liability established by Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the Private Securities Litigation Reform Act of 1995. You should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," “target”, “goal”, "may," "will," "could," "should," "believes," "predicts," "potential," "continue," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, the Company’s expectations with respect to future performance. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside the Company's control and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) unfavorable economic conditions that may affect our and our customers’, suppliers’ and other business partners’ operations, financial condition and cash flows including spending on home renovation or construction projects, inflation, recessions, instability in the financial markets or credit markets; (2) increased supply chain costs, including tariffs, raw materials, sourcing, transportation and energy; (3) the highly competitive nature of the markets that we serve; (4) the ability to continue to innovate with new products and services; (5) seasonality; (6) large customer concentration; (7) the ability to recruit and retain qualified employees; (8) the outcome of any legal proceedings that may be instituted against the Company; (9) adverse changes in currency exchange rates; or (10) regulatory changes and potential legislation that could adversely impact financial results. The foregoing list of factors is not exclusive, and readers should also refer to those risks that are included in the Company’s filings with the Securities and Exchange Commission (“SEC”), including the Annual Report on Form 10-K filed on February 20, 2025. Given these uncertainties, current or prospective investors are cautioned not to place undue reliance on any such forward looking statements.
Except as required by applicable law, the Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements in this communication to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.
Contact:
Investors
Michael Koehler
Vice President of Investor Relations & Treasury
513-826-5495 [email protected]
CINCINNATI, April 10, 2026 (GLOBE NEWSWIRE) -- Hillman Solutions Corp. (Nasdaq: HLMN) (the “Company” or “Hillman”), a leading provider of hardware-related products and merchandising solutions, is proud to announce that it has earned the prestigious 2026 USA TODAY Top Workplaces award.
The award honors organizations with 150 or more employees that have created exceptional, people-first cultures. Hillman’s recognition is based directly on employee feedback gathered through a confidential, companywide survey.
This year, more than 42,000 organizations were invited to participate. Winners are recognized for their commitment to fostering a workplace environment that values employee listening and engagement. USA TODAY showcased the winners online and at the National Awards Summit in Las Vegas.
In addition to the national recognition, Hillman was also honored with regional Top Workplaces awards for its locations in Colorado, Jacksonville, South Florida, and Kansas City, reflecting the company’s consistent culture and employee experience across its nationwide operations.
“This recognition is especially meaningful because it comes directly from our team members,” said Jon Michael Adinolfi, president and chief executive officer of Hillman. “Our people are the foundation of our success. We are committed to building an environment where every team member feels valued, empowered, and supported to do their best work. Earning both national and regional Top Workplaces honors reinforces that our culture is strong across our entire organization.”
The winners are determined by authentic employee feedback captured through a confidential survey conducted by Energage, the HR research and technology company behind the Top Workplaces program since 2006. The results are calculated based on employee responses to statements about Workplace Experience Themes, which are proven indicators of high performance.
“Earning a USA TODAY Top Workplaces award is a testament to an organization’s credibility and commitment to a people-first culture,” said Eric Rubino, CEO of Energage. “This award, driven by real employee feedback, is more than just a recognition — it’s proof that your employees believe in the organization and its leadership. Job seekers and customers look for this trusted badge of credibility and excellence. It signals a company that values its people, and that kind of culture resonates in today’s competitive market.”
ABOUT THE HILLMAN GROUP
Founded in 1964 and headquartered in Cincinnati, Hillman is a leading provider of hardware and related products serving retail, pro distribution, and industrial MRO customers. Over the last 60-plus years, Hillman has built a legacy of service and growth by forming strategic partnerships with North America’s leading home improvement, hardware, and farm and fleet retailers. Hillman differentiates itself from the competition with its dedicated field sales team of 1,200+ associates, direct-to-store distribution capabilities, and world class global sourcing and supply chain expertise. The company offers an extensive product portfolio of more than 111,000 SKUs, including fasteners (power screws, nuts, and bolts), hardware (builder’s hardware, rope & chain, accessories), project gear & supplies (gloves, work gear, paint & cleaning sundries), and key and engraving services (key duplication, auto keys, and engraving). Hillman is committed to delivering exceptional customer service, innovative products, and dependable solutions to its customers and regularly earns vendor of the year recognition from top customers. For more information on Hillman, visit www.hillman.com.
ABOUT ENERGAGE
Making the world a better place to work together.TM
Energage is a purpose-driven company that helps organizations turn employee feedback into useful business intelligence and credible employer recognition through Top Workplaces. Built on 20 years of culture research and the results from 30 million employees surveyed across more than 80,000 organizations, Energage delivers the most accurate competitive benchmark available. With access to a unique combination of patented analytic tools and expert guidance, Energage customers lead the competition with an engaged workforce and an opportunity to gain recognition for their people-first approach to culture. For more information or to nominate your organization, visit energage.com or
CINCINNATI, April 13, 2026 (GLOBE NEWSWIRE) -- Hillman Solutions Corp. (Nasdaq: HLMN) (the “Company” or “Hillman”), a leading provider of hardware products and merchandising solutions, announced that it has acquired Delaney hardware, a U.S.-based supplier of door hardware and builder’s hardware used in residential, multifamily, and commercial construction.
The acquisition of Delaney expands Hillman’s breadth in the pro distribution channel adding door hardware and expanding builder’s hardware to Hillman’s pro distribution business.
Delaney offers door hardware including entry locksets, deadbolts, door handles, digital and smart locks, and related builder’s hardware for multifamily, new construction and commercial use. Based near Atlanta, Delaney primarily serves builders, contractors, and building-product distributors across the United States, with concentration in the Southeast.
“The acquisition of Delaney increases our presence in the pro distribution channel and expands categories, both of which are strategic initiatives for Hillman,” commented Jon Michael Adinolfi, president, and chief executive officer of Hillman. “We look forward to leveraging this distribution platform to further increase our presence in pro distribution and Win the Pro.”
James Daly, Hillman’s recently appointed Senior Vice President, Pro, added: “Delaney is a well-respected regional distributor whose products expand our growing pro distribution capabilities adding both door hardware and builder’s hardware. We are confident that we can leverage Hillman’s core competencies together with Delaney’s pro distribution platform to drive profitable growth in the pro channel.”
Hillman expects to recognize over $10 million in net sales during its 2026 fiscal year from the Delaney acquisition. Financial terms of the transaction were not disclosed.
This acquisition marks Hillman’s second acquisition in 2026 having recently acquired Campbell Chain & Fittings. Hillman continues to pursue acquisition opportunities as a key part of its long-term growth strategy.
About Delaney Hardware, Inc.
Delaney Hardware is a U.S.-based supplier of a wide range of residential and commercial grade door hardware, including knobs and levers, handle sets, builder’s hardware, digital locks, and deadbolts. Delaney’s brands are known for their stylish and quality products for homes, multi-family projects, and businesses. Founded in 1992 and based in Atlanta, Delaney serves the pro market through emphasizing durability and smooth function, with products sold through distributors and building suppliers.
About Hillman Solutions Corp.
Founded in 1964 and headquartered in Cincinnati, Hillman is a leading provider of hardware and related products serving retail, pro distribution, and industrial MRO customers. Over the last 60-plus years, Hillman has built a legacy of service and growth by forming strategic partnerships with North America’s leading home improvement, hardware, and farm and fleet retailers. Hillman differentiates itself from the competition with its dedicated field sales team of 1,200+ associates, direct-to-store distribution capabilities, and world class global sourcing and supply chain expertise. The company offers an extensive product portfolio of more than 111,000 SKUs, including fasteners (power screws, nuts, and bolts), hardware (builder’s hardware, rope & chain, accessories), project gear & supplies (gloves, work gear, paint & cleaning sundries), and key and engraving services (key duplication, auto keys, and engraving). Hillman is committed to delivering exceptional customer service, innovative products, and dependable solutions to its customers and regularly earns vendor of the year recognition from top customers. For more information on Hillman, visit www.hillman.com.
Forward-Looking Statements
All statements made in this press release that are considered to be forward-looking are made in good faith by the Company and are intended to qualify for the safe harbor from liability established by Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the Private Securities Litigation Reform Act of 1995. You should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," “target”, “goal”, "may," "will," "could," "should," "believes," "predicts," "potential," "continue," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, the Company’s expectations with respect to future performance. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside the Company's control and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) unfavorable economic conditions that may affect our and our customers’, suppliers’ and other business partners’ operations, financial condition and cash flows including spending on home renovation or construction projects, inflation, recessions, instability in the financial markets or credit markets; (2) increased supply chain costs, including tariffs, raw materials, sourcing, transportation and energy; (3) the highly competitive nature of the markets that we serve; (4) the ability to continue to innovate with new products and services; (5) seasonality; (6) large customer concentration; (7) the ability to recruit and retain qualified employees; (8) the outcome of any legal proceedings that may be instituted against the Company; (9) adverse changes in currency exchange rates; or (10) regulatory changes and potential legislation that could adversely impact financial results. The foregoing list of factors is not exclusive, and readers should also refer to those risks that are included in the Company’s filings with the Securities and Exchange Commission (“SEC”), including the Annual Report on Form 10-K filed on February 17, 2026. Given these uncertainties, current or prospective investors are cautioned not to place undue reliance on any such forward looking statements.
Except as required by applicable law, the Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements in this communication to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.
Contact:
Investors
Michael Koehler
Vice President of Investor Relations & Treasury
513-826-5495 [email protected]
NEW YORK & PARIS--(BUSINESS WIRE)--OpenGate Capital (“OpenGate”), a global private equity firm specializing in complex corporate carve-outs and operational transformations across the industrial sector, announced today that its portfolio company Sargent and Greenleaf (“S&G”) has completed the sale of Delaney Hardware to Hillman Solutions Corp. (Nasdaq: HLMN), a leading provider of hardware products and merchandising solutions. The transaction represents the final step in OpenGate's multi-pha.
Closed two acquisitions subsequent to quarter end - expanding Industrial MRO and Pro Distribution presence
Increases FY 2026 Net Sales guidance; reiterates Adj. EBITDA and Free Cash Flow guidance
CINCINNATI, April 27, 2026 (GLOBE NEWSWIRE) -- Hillman Solutions Corp. (Nasdaq: HLMN) (the “Company” or “Hillman”), a leading provider of hardware products and merchandising solutions, reported financial results for the thirteen weeks ended March 28, 2026.
First Quarter 2026 Highlights (Thirteen weeks ended March 28, 2026)
Net sales increased 3.0% to $370.1 million compared to $359.3 million in the prior year quarterNet loss totaled $(4.7) million, or $(0.02) per diluted share, compared to $(0.3) million, or $(0.00) per diluted share, in the prior year quarterAdjusted diluted EPS1 totaled $0.07 per diluted share compared to $0.10 per diluted share in the prior year quarterAdjusted EBITDA1 totaled $50.1 million compared to $54.5 million in the prior year quarterNet cash used by operating activities was $(19.5) million compared to $(0.7) million in the prior year quarterFree Cash Flow1 totaled $(34.3) million compared to $(21.3) million in the prior year quarterHillman repurchased approximately 1.2 million shares of its common stock at an average price of $8.29 per share, which totaled $10.1 millionSubsequent to the quarter end, closed two acquisitions: Campbell Chain & Fittings, a premier manufacturer and supplier of industrial chain and related productsDelaney Hardware, a U.S.-based supplier of door hardware and builder’s hardware used in residential, multifamily, and commercial construction Balance Sheet and Liquidity at March 28, 2026
Gross debt was $737.8 million compared to $693.1 million on December 27, 2025Net debt1 was $710.1 million compared to $665.8 million on December 27, 2025Liquidity available totaled $282.4 million; consisting of $254.7 million of available borrowing under the revolving credit facility and $27.7 million of cash and equivalentsNet debt1 to trailing twelve month Adjusted EBITDA was 2.6x at quarter end compared to 2.4x on December 27, 2025 Management Commentary
"Consistent demand for our hardware products, driven by repair, maintenance, and remodeling projects, coupled with mid-single digit growth in our robotics and digital solutions business ('RDS') drove a solid quarter for Hillman, despite the impact from weather and the macro," commented Jon Michael Adinolfi, President and CEO of Hillman.
"We are raising our full year net sales guidance, driven by the two acquisitions we made subsequent to the end of the quarter. These tuck-in acquisitions support two important strategic initiatives for Hillman: category expansion and pro distribution."
"After the quarter end, we acquired Campbell Chain and Fittings, a premier manufacturer and supplier of industrial chain and chain-related products. This acquisition adds U.S.-based manufacturing and complements our existing retail chain business. Campbell also expands our position within the industrial MRO sector, a key focus area for our future growth.
"Additionally, one week later, we acquired Delaney Hardware, a U.S.-based supplier of door hardware and builder’s hardware used in residential, multifamily, and commercial construction. This acquisition expands our product breadth in our residential pro distribution business.
"We will continue to be laser focused on strengthening our leadership position, executing our strategy to expand across categories and channels, and unlocking meaningful growth opportunities. As we look to the rest of the year, we remain confident in our ability to drive growth and manage this dynamic environment while taking great care of our customers and delivering value for our shareholders.”
Full Year 2026 Guidance - Updated
Based on year-to-date performance and its expectations for the remainder of the year, management is updating its guidance most recently provided on February 17, 2026.
Previous FY 2026 GuidanceUpdated FY 2026 GuidanceNet Sales$1.600 to $1.700 billion$1.630 to $1.730 billionAdjusted EBITDA1$275 to $285 million$275 to $285 millionFree Cash Flow1$100 to $120 million$100 to $120 million 1) Denotes Non-GAAP metric. For additional information, including our definitions, use of, and reconciliations of these metrics to the most directly comparable financial measures under GAAP, please see the reconciliations toward the end of the press release.
First Quarter 2026 Results Presentation
Hillman plans to host a conference call and webcast presentation on April 28, 2026, at 8:30 a.m. Eastern Time to discuss its results. President and Chief Executive Officer Jon Michael Adinolfi and Chief Financial Officer Rocky Kraft will host the results presentation.
Date: Tuesday, April 28, 2026
Time: 8:30 a.m. Eastern Time
Listen-Only Webcast: https://edge.media-server.com/mmc/p/3we7oiaa
A webcast replay will be available approximately one hour after the conclusion of the call using the link above.
Hillman’s quarterly presentation and Form 10-Q are expected to be filed with the SEC and posted to its Investor Relations website, https://ir.hillmangroup.com, prior to the webcast presentation.
About Hillman Solutions Corp.
Founded in 1964 and headquartered in Cincinnati, Hillman is a leading provider of hardware and related products serving retail, pro distribution, and industrial MRO customers. Over the last 60-plus years, Hillman has built a legacy of service and growth by forming strategic partnerships with North America’s leading home improvement, hardware, and farm and fleet retailers. Hillman differentiates itself from the competition with its dedicated field sales team of 1,200+ associates, direct-to-store distribution capabilities, and world class global sourcing and supply chain expertise. The company offers an extensive product portfolio of more than 111,000 SKUs, including fasteners (power screws, nuts, and bolts), hardware (builder’s hardware, door locks, rope & chain, accessories), project gear & supplies (gloves, work gear, paint & cleaning sundries), and key and engraving services (key duplication, auto keys, and engraving). Hillman is committed to delivering exceptional customer service, innovative products, and dependable solutions to its customers and regularly earns vendor of the year recognition from top customers. For more information on Hillman, visit www.hillman.com.
Forward-Looking Statements
All statements made in this press release that are considered to be forward-looking are made in good faith by the Company and are intended to qualify for the safe harbor from liability established by Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the Private Securities Litigation Reform Act of 1995. You should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," “target”, “goal”, "may," "will," "could," "should," "believes," "predicts," "potential," "continue," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, the Company’s expectations with respect to future performance. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside the Company's control and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) unfavorable economic conditions that may affect our and our customers’, suppliers’ and other business partners’ operations, financial condition and cash flows including spending on home renovation or construction projects, inflation, recessions, instability in the financial markets or credit markets; (2) increased supply chain costs, including tariffs, raw materials, sourcing, transportation and energy; (3) the highly competitive nature of the markets that we serve; (4) the ability to continue to innovate with new products and services; (5) seasonality; (6) large customer concentration; (7) the ability to recruit and retain qualified employees; (8) the outcome of any legal proceedings that may be instituted against the Company; (9) adverse changes in currency exchange rates; or (10) regulatory changes and potential legislation that could adversely impact financial results. The foregoing list of factors is not exclusive, and readers should also refer to those risks that are included in the Company’s filings with the Securities and Exchange Commission (“SEC”), including the Annual Report on Form 10-K filed on February 17, 2026. Given these uncertainties, current or prospective investors are cautioned not to place undue reliance on any such forward-looking statements.
Except as required by applicable law, the Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements in this communication to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.
Contact:
Michael Koehler
Vice President – Corporate Development, Investor Relations, Treasury
513-826-5495 [email protected]
HILLMAN SOLUTIONS CORP.
Condensed Consolidated Statement of Net Loss, GAAP Basis
(dollars in thousands) Unaudited
Thirteen Weeks Ended
March 28, 2026 Thirteen Weeks Ended
March 29, 2025Net sales$370,073 $359,343 Cost of sales (exclusive of depreciation and amortization shown separately below) 201,496 190,740 Selling, warehouse, general and administrative expenses 124,571 119,052 Depreciation 21,999 19,395 Amortization 15,276 15,415 Other income, net (483) (274)Income from operations 7,214 15,015 Interest expense, net 13,005 14,460 Refinancing costs — 906 loss before income taxes (5,791) (351)Income tax benefit (1,059) (34)Net loss$(4,732) $(317) Basic and diluted loss per share$(0.02) $(0.00)Weighted average basic and diluted shares outstanding 196,626 197,284 HILLMAN SOLUTIONS CORP.
Condensed Consolidated Balance Sheets
(dollars in thousands)
Unaudited
March 28, 2026 December 27, 2025ASSETS Current assets: Cash and cash equivalents$27,731 $27,276 Accounts receivable, net of allowances of $1,876 ($1,944 - 2025) 138,767 114,926 Inventories, net 483,323 485,938 Other current assets 20,066 18,342 Total current assets 669,887 646,482 Property and equipment, net of accumulated depreciation of $446,048 ($428,726 - 2025) 224,575 231,482 Goodwill 830,372 830,747 Other intangibles, net of accumulated amortization of $607,790 ($592,748 - 2025) 530,707 546,171 Operating lease right of use assets 77,222 75,152 Other assets 28,216 26,160 Total assets$2,360,979 $2,356,194 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable$139,832 $141,662 Current portion of debt and financing lease liabilities 14,898 14,830 Current portion of operating lease liabilities 19,432 17,947 Accrued expenses: Salaries and wages 10,419 35,790 Pricing allowances 5,514 8,098 Income and other taxes 8,429 9,466 Other accrued liabilities 28,559 29,766 Total current liabilities 227,083 257,559 Long-term debt 714,055 668,337 Deferred tax liabilities 132,061 131,870 Operating lease liabilities 63,934 63,459 Other non-current liabilities 7,868 6,462 Total liabilities$1,145,001 $1,127,687 Commitments and contingencies (Note 6) Stockholders' equity: Common stock: $0.0001 par value, 500,000,000 shares authorized, 198,945,695 and 196,355,206 issued and outstanding in 2026, respectively, and 197,857,100 and 196,487,532 shares issued and outstanding in 2025, respectively 20 20 Treasury stock, at cost, 2,590,489 shares in 2026 and 1,369,568 shares in 2025 (22,539) (12,423)Additional paid-in capital 1,460,059 1,457,422 Accumulated deficit (183,378) (178,646)Accumulated other comprehensive loss (38,184) (37,866)Total stockholders' equity 1,215,978 1,228,507 Total liabilities and stockholders' equity$2,360,979 $2,356,194 HILLMAN SOLUTIONS CORP.
Condensed Consolidated Statement of Cash Flows
(dollars in thousands)
Unaudited
Thirteen Weeks Ended
March 28, 2026 Thirteen Weeks Ended
March 29, 2025Cash flows from operating activities: Net loss$(4,732) $(317)Adjustments to reconcile net loss to net cash used for operating activities: Depreciation and amortization 37,275 34,810 Deferred income taxes 218 (974)Deferred financing and original issue discount amortization 1,253 1,257 Stock-based compensation expense 4,007 3,278 Loss on debt restructuring — 906 Cash paid to third parties in connection with debt restructuring — (906)Loss (gain) on disposal of property and equipment 14 (139)Change in fair value of contingent consideration (509) (326)Changes in operating items: Accounts receivable, net (24,128) (24,617)Inventories, net 2,909 7,319 Other assets (3,950) (2,152)Accounts payable (1,548) 11,340 Accrued salaries and wages (25,415) (20,769)Other accrued expenses (4,927) (9,365)Net cash used for operating activities (19,533) (655)Net cash from investing activities Capital expenditures (14,815) (20,658)Other investing activities (55) (67)Net cash used for investing activities (14,870) (20,725)Cash flows from financing activities: Repayments of senior term loans (2,128) (2,128)Borrowings on revolving credit loans 72,162 62,000 Repayments of revolving credit loans (25,000) (44,000)Principal payments under finance lease obligations (1,484) (1,270)Proceeds from exercise of stock options 1,483 306 Repurchases of common stock (10,116) — Payments of contingent consideration (77) (75)Other financing activities (114) (440)Net cash provided by financing activities 34,726 14,393 Effect of exchange rate changes on cash 132 (1,214)Net increase (decrease) in cash and cash equivalents 455 (8,201)Cash and cash equivalents at beginning of period 27,276 44,510 Cash and cash equivalents at end of period$27,731 $36,309 Reconciliations of Non-GAAP Financial Measures to the Most Directly Comparable GAAP Financial Measures
The Company uses non-GAAP financial measures to analyze underlying business performance and trends. The Company believes that providing these non-GAAP financial measures enhances the Company’s and investors’ ability to compare the Company’s past financial performance with its current performance. These non-GAAP financial measures are provided as supplemental information to the financial measures presented in this press release that are calculated and presented in accordance with GAAP. Non-GAAP financial measures should not be considered a substitute for, or superior to, financial measures determined or calculated in accordance with GAAP. The Company’s definitions of its non-GAAP financial measures may not be comparable to similarly titled measures reported by other companies. Because GAAP financial measures on a forward-looking basis are not accessible, and reconciling information is not available without unreasonable effort, reconciliations to GAAP financial measures are not provided for forward-looking non-GAAP measures. For the same reasons, the Company is unable to address the probable significance of the unavailable information, which could be material to future results.
Non-GAAP financial measures such as consolidated adjusted EBITDA and Adjusted Diluted Earnings per Share (EPS) exclude from the relevant GAAP metrics items that neither relate to the ordinary course of the Company’s business, nor reflect the Company’s underlying business performance.
Reconciliation of Adjusted EBITDA (Unaudited)
(dollars in thousands)
Adjusted EBITDA is a non-GAAP financial measure and is the primary basis used to measure the operational strength and performance of our businesses as well as to assist in the evaluation of underlying trends in our businesses. This measure eliminates the significant level of noncash depreciation and amortization expense that results from the capital-intensive nature of our businesses and from intangible assets recognized in business combinations. It is also unaffected by our capital and tax structures, as our management excludes these results when evaluating our operating performance. Our management use this financial measure to evaluate our consolidated operating performance and the operating performance of our operating segments as well as to allocate resources and capital to our operating segments. Additionally, we believe that Adjusted EBITDA is useful to investors because it is one of the bases for comparing our operating performance with that of other companies in our industries, although our measure of Adjusted EBITDA may not be directly comparable to similar measures used by other companies.
Thirteen Weeks Ended
March 28, 2026 Thirteen Weeks Ended
March 29, 2025Net loss$(4,732) $(317)Income tax benefit (1,059) (34)Interest expense, net 13,005 14,460 Depreciation 21,999 19,395 Amortization 15,276 15,415 EBITDA$44,489 $48,919 Stock compensation expense 4,007 3,278 Restructuring and other (1) 2,011 1,691 Transaction and integration expense (2) 92 58 Change in fair value of contingent consideration (509) (326)Refinancing costs (3) — 906 Total adjusting items 5,601 5,607 Adjusted EBITDA$50,090 $54,526 (1)Includes consulting and other costs associated with severance related to our distribution center relocations and corporate restructuring activities.(2)Transaction and integration expense includes professional fees and other costs related to acquisition activity, including the to the Campbell Chain and Fittings and Delaney Hardware acquisitions in 2026.(3)In the first quarter of 2025, we entered into a Repricing Amendment on our existing Senior Term Loan due July 14, 2028. Reconciliation of Adjusted Diluted Earnings Per Share
(in thousands, except per share data)
Unaudited
We define Adjusted Diluted EPS as reported diluted EPS excluding the effect of one-time, non-recurring activity and volatility associated with our income tax expense. The Company believes that Adjusted Diluted EPS provides further insight and comparability in operating performance as it eliminates the effects of certain items that are not comparable from one period to the next. The following is a reconciliation of reported diluted EPS from continuing operations to Adjusted Diluted EPS from continuing operations:
Thirteen Weeks Ended
March 28, 2026 Thirteen Weeks Ended
March 29, 2025Reconciliation to Adjusted Net Income Net Loss$(4,732) $(317)Remove adjusting items (1) 5,601 5,607 Remove amortization expense 15,276 15,415 Remove tax benefit on adjusting items and amortization expense (2) (1,506) (1,720)Adjusted Net Income$14,639 $18,985 Reconciliation to Adjusted Diluted Earnings per Share Diluted Earnings per Share$(0.02) $0.00 Remove adjusting items (1) 0.03 0.03 Remove amortization expense 0.08 0.08 Remove tax benefit on adjusting items and amortization expense (2) (0.01) (0.01)Adjusted Diluted Earnings per Share$0.07 $0.10 Diluted Shares, as reported 196,626 197,284 Non-GAAP dilution adjustments: Dilutive effect of stock options and awards 2,467 2,553 Adjusted Diluted Shares 199,093 199,837 Note: Adjusted EPS may not add due to rounding.
(1)Please refer to the "Reconciliation of Adjusted EBITDA" table above for additional information on adjusting items. See the "Per share impact of Adjusting Items" table below for the per share impact of each adjustment.(2)We have calculated the income tax effect of the non-GAAP adjustments shown above at the applicable statutory rate of 25% for the U.S. and 26.2% for Canada except for the following items: a.The tax impact of stock compensation expense was calculated using the statutory rates above, excluding certain awards that are non-deductible. b.Amortization expense for financial accounting purposes was offset by the tax benefit of deductible amortization expense using the statutory rate of 25%. Per Share Impact of Adjusting Items
Thirteen Weeks Ended
March 28, 2026
Thirteen Weeks Ended
March 29, 2025
Stock compensation expense$0.02 $0.02 Restructuring and other costs 0.01 0.01 Transaction and integration expense 0.00 0.00 Change in fair value of contingent consideration 0.00 0.00 Refinancing costs 0.00 0.00 Total adjusting items$0.03 $0.03 Note: Adjusting items may not add due to rounding.
Reconciliation of Net Debt
We define Net Debt as reported gross debt less cash on hand. Net debt is not defined under U.S. GAAP and may not be computed the same as similarly titled measures used by other companies. The Company believes that Net Debt provides further insight and comparability into liquidity and capital structure. The following is the calculation of Net Debt:
March 28, 2026
December 27, 2025
Revolving loans$83,162 $36,000 Senior term loan, due 2028 634,832 636,960 Finance leases and other obligations 19,851 20,090 Gross debt$737,845 $693,050 Less cash 27,731 27,276 Net debt$710,114 $665,774 Reconciliation of Free Cash Flow
We calculate free cash flow as cash flows from operating activities less capital expenditures. Free cash flow is not defined under U.S. GAAP and may not be computed the same as similarly titled measures used by other companies. We believe free cash flow is an important indicator of how much cash is generated by our business operations and is a measure of incremental cash available to invest in our business and meet our debt obligations.
Thirteen Weeks Ended
March 28, 2026 Thirteen Weeks Ended
March 29, 2025Net cash used by operating activities$(19,533) $(655)Capital expenditures (14,815) (20,658)Free cash flow$(34,348) $(21,313) Source: Hillman Solutions Corp.
Hillman Solutions Corp. (HLMN - Free Report) came out with quarterly earnings of $0.07 per share, missing the Zacks Consensus Estimate of $0.08 per share. This compares to earnings of $0.1 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -12.50%. A quarter ago, it was expected that this company would post earnings of $0.1 per share when it actually produced earnings of $0.1, delivering no surprise.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Hillman Solutions Corp., which belongs to the Zacks Building Products - Miscellaneous industry, posted revenues of $370.07 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 0.17%. This compares to year-ago revenues of $359.34 million. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Hillman Solutions Corp. shares have added about 1.7% since the beginning of the year versus the S&P 500's gain of 4.7%.
What's Next for Hillman Solutions Corp.?While Hillman Solutions Corp. has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Hillman Solutions Corp. was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.17 on $425.2 million in revenues for the coming quarter and $0.61 on $1.65 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Building Products - Miscellaneous is currently in the bottom 37% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Janus International Group, Inc. (JBI - Free Report) , has yet to report results for the quarter ended March 2026. The results are expected to be released on May 12.
This company is expected to post quarterly earnings of $0.10 per share in its upcoming report, which represents a year-over-year change of -23.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Janus International Group, Inc.'s revenues are expected to be $210 million, down 0.2% from the year-ago quarter.
