Hillman Solutions Corp. Reports 3% Sales Increase but $4.7M Net Loss for Thirteen Weeks Ended March 28, 2026

Hillman Solutions Corp. reported a net sales increase of 3.0% for the thirteen weeks ended March 28, 2026, reaching $370.1 million compared to $359.3 million in the same period last year. However, the company experienced a net loss of $4.7 million, or $0.02 per diluted share, a significant decline from the previous year's loss of $317,000. The increase in sales was driven by growth in the Canada segment, which saw a 15.1% rise, while the Hardware and Protective Solutions segment grew by 1.2%. The Robotics and Digital Solutions segment also reported a 6.0% increase in sales.

The company's operating income fell to $7.2 million from $15.0 million year-over-year, reflecting a decrease of 52.0%. This decline was attributed to rising costs, including a 5.6% increase in the cost of sales, which reached $201.5 million, and a 4.6% rise in selling, warehouse, and general administrative expenses totaling $124.6 million. The increase in costs was primarily driven by higher tariff costs and changes in product costs, particularly in the Hardware and Protective Solutions segment.

In terms of strategic developments, Hillman Solutions completed two acquisitions in April 2026: Campbell Chain and Fittings and Delaney Hardware, both of which will enhance its Hardware and Protective Solutions segment. The company also continued its share repurchase program, buying back $10.1 million worth of its common stock during the quarter. As of March 28, 2026, Hillman had 196.2 million shares outstanding, with a treasury stock balance of $22.5 million.

Operationally, Hillman reported a working capital position of $442.8 million, an increase of $53.9 million from the previous quarter, driven by seasonal business factors. The company’s cash flow from operating activities showed a significant outflow of $19.5 million, primarily due to increases in accounts receivable and timing of supplier payments. Despite these challenges, Hillman maintained access to capital markets and expects to generate sufficient operating cash flows to meet its short-term liquidity needs.

Looking ahead, Hillman Solutions Corp. anticipates continued challenges from macroeconomic conditions, including inflation and supply chain costs, which may impact future performance. The company is focused on leveraging its recent acquisitions and improving operational efficiencies to navigate these challenges and enhance profitability.