Hillman Solutions Corp. reported a net sales increase of 2.6% for the thirteen weeks ended March 29, 2025, reaching $359.3 million compared to $350.3 million in the same period last year. The company experienced a net loss of $317,000, or $0.00 per diluted share, an improvement from the net loss of $1.5 million, or $0.01 per diluted share, reported in the prior year. Adjusted EBITDA for the quarter was $54.5 million, slightly up from $52.3 million in the previous year, indicating stable operational performance despite the net loss.
The financial performance reflects several operational changes, including a notable increase in sales from the Hardware and Protective Solutions segment, which rose by $14.5 million, primarily due to the acquisition of Intex DIY, Inc. and increased sales of personal protective equipment. Conversely, the Canada segment saw a decline in sales of $6.5 million, attributed to reduced volume and unfavorable exchange rates. The Robotics and Digital Solutions segment also reported a modest increase in sales of $1.0 million, driven by higher prices.
In terms of operational metrics, Hillman’s total current assets increased to $584.3 million as of March 29, 2025, compared to $573.2 million at the end of the previous fiscal year. The company’s cash and cash equivalents decreased to $36.3 million from $44.5 million, while accounts receivable rose to $134.2 million, reflecting seasonal business dynamics. The total liabilities stood at $1.15 billion, with long-term debt increasing to $713.5 million from $691.7 million, indicating ongoing investment in growth and operational capacity.
Strategically, Hillman completed the acquisition of Intex DIY, Inc. in August 2024, enhancing its product offerings in the cleaning products category. The company also executed a Repricing Amendment on its Senior Term Loan in January 2025, reducing the interest rate and potentially lowering future interest expenses. Looking ahead, Hillman anticipates that the current tariff environment may increase costs and impact working capital, but it plans to adjust pricing strategies to mitigate these effects. The company remains focused on maintaining operational efficiency and exploring further growth opportunities in its core markets.
About Hillman Solutions Corp.
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