Hillman Solutions Corp. Reports 6.2% Net Sales Increase and Rising Net Income for Recent Quarter

Hillman Solutions Corp. reported a net sales increase of 6.2% for the thirteen weeks ended June 28, 2025, reaching $402.8 million compared to $379.4 million in the same period last year. The company also saw a rise in net income, which amounted to $15.8 million, or $0.08 per diluted share, up from $12.5 million, or $0.06 per diluted share, in the prior year. For the twenty-six weeks ended June 28, 2025, net sales were $762.1 million, reflecting a 4.4% increase from $729.7 million in the previous year, while net income for this period was $15.5 million, also translating to $0.08 per diluted share.

The company’s financial performance was bolstered by significant contributions from its Hardware and Protective Solutions segment, which generated $305.9 million in sales, an increase of 8.7% year-over-year. This growth was attributed to price increases and new business, particularly in protective equipment, which benefited from the acquisition of Intex DIY, Inc. Robotics and Digital Solutions also saw a modest increase in sales, while the Canada segment experienced a decline due to reduced volume and unfavorable exchange rates.

In terms of operational metrics, Hillman reported an increase in total current assets to $623.5 million as of June 28, 2025, compared to $573.2 million at the end of the previous fiscal year. The company’s cash and cash equivalents decreased to $34.2 million from $44.5 million, while accounts receivable rose to $141.2 million, indicating improved sales performance. The total liabilities increased slightly to $1.15 billion, with long-term debt standing at $683.1 million, down from $691.7 million.

Strategically, Hillman realigned its segments to enhance operational efficiency, moving accessory sales from the Robotics and Digital Solutions segment to Hardware and Protective Solutions. This change is expected to streamline management and improve sales tracking. The company also continues to navigate a challenging tariff environment, sourcing approximately one-third of its products from China, which has led to increased costs and necessitated price adjustments to maintain margins.

Looking ahead, Hillman Solutions Corp. anticipates continued growth driven by its strategic initiatives and market demand, despite potential challenges from tariffs and economic conditions. The company remains focused on optimizing its supply chain and exploring alternative sourcing options to mitigate the impact of rising costs.