AI Earnings Predictions for Hillman Solutions Corp. (HLMN)

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Hillman Reports Second Quarter 2026 Results; Increases Net Sales and Adjusted EBITDA Outlook

Net Sales increased 10% to $442 million

Agreed to Acquire Kanebridge Corp subsequent to quarter end - establishes industrial master distribution presence in U.S.

Raises FY 2026 Net Sales and Adj. EBITDA outlook

CINCINNATI, August 3, 2026 -- Hillman Solutions Corp. (Nasdaq: HLMN) (the “Company” or “Hillman”), a leading provider of hardware and related products, reported financial results for the thirteen and twenty-six weeks ended June 27, 2026.

Second Quarter 2026 Highlights (Thirteen weeks ended June 27, 2026)

•Net sales increased 9.8% to $442.3 million compared to $402.8 million in the prior year quarter

•Net income increased to $21.1 million, or $0.11 per diluted share, compared to $15.8 million, or $0.08 per diluted share, in the prior year quarter

•Adjusted diluted EPS1 totaled $0.17 per diluted share, unchanged from the prior year quarter

•Adjusted EBITDA1 increased to $77.1 million compared to $75.2 million in the prior year quarter

•Net cash provided by operating activities increased to $68.5 million compared to $48.1 million in the prior year quarter

•Free Cash Flow1 increased to $70.2 million compared to $31.2 million in the prior year quarter

•Repurchased approximately 1.7 million shares of its common stock at an average price of $7.62 per share, which totaled $13.3 million

•Subsequent to the quarter end, successfully closed the refinancing of its existing credit facilities, consisting of a new $735 million senior secured Term Loan B and a $375 million asset-based revolving credit facility

•Subsequent to the quarter end, entered into a definitive agreement to acquire Kanebridge for $315 million, with closing expected around the start of Q4 2026

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.

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Balance Sheet and Liquidity at June 27, 2026

•Gross debt was $701.3 million compared to $693.1 million on December 27, 2025

•Net debt1 was $665.4 million compared to $665.8 million on December 27, 2025

•Liquidity available totaled $331.3 million; consisting of $295.5 million of available borrowing under the revolving credit facility and $35.8 million of cash and equivalents

•Net debt1 to trailing twelve month Adjusted EBITDA was 2.4x at quarter end unchanged from 2.4x on December 27, 2025

Management Commentary

"Hillman delivered a strong second quarter, with robust free cash flow and top line growth of 10%, which is in line with our long-term growth targets," commented Jon Michael Adinolfi, President and CEO of Hillman. "Consistent demand for our hardware products, healthy new business wins - including in Pro distribution - and low-double digit growth in our Robotics and Digital Solutions business due to our MinuteKey 3.5 rollout, drove healthy growth during the quarter."

"Given our continued execution and the expected contribution from the Kanebridge acquisition, we are raising the midpoint of full-year Net Sales guidance and our Adjusted EBITDA expectations, while reiterating our free cash flow guidance midpoint."

"We continue to execute our Blueprint for strategic growth. Kanebridge, together with recent acquisitions Campbell Chain and Fittings and Delaney Hardware, expand our categories, capabilities, and the channels we serve. As we look to the rest of the year, we remain confident in our ability to manage the dynamic market 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 updated its guidance most recently provided on April 27, 2026. The guidance assumes the Kanebridge acquisition closes around the start of Q4 2026.

Previous FY 2026 GuidanceUpdated FY 2026 Guidance

Net Sales$1.630 to $1.730 billion$1.670 to $1.720 billion

Adjusted EBITDA1 $275 to $285 million~$285 million

Free Cash Flow1 $100 to $120 million$105 to $115 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.

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Second Quarter 2026 Results Presentation

Hillman plans to host a conference call and webcast presentation on August 4, 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, August 4, 2026

Time: 8:30 a.m. Eastern Time

Listen-Only Webcast: https://edge.media-server.com/mmc/p/8mb5xri2

A webcast replay wil

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