Loading...
•
Mar 26, 2022
Hillman Solutions Q1 2022 Earnings Report
Hillman Solutions reported an increase in net sales but a net loss for Q1 2022.
Key Takeaways
Hillman Solutions Corp. reported a rise in net sales to $363.0 million compared to $341.3 million in the prior year quarter. However, the company experienced a net loss of $(1.9) million, or $(0.01) per diluted share, contrasting with a net loss of $(9.0) million, or $(0.10) per diluted share, in the prior year quarter. Adjusted diluted EPS was $0.09 compared to $0.16 in the prior year quarter, and adjusted EBITDA totaled $44.0 million compared to $47.8 million in the prior year quarter.
Net sales increased to $363.0 million from $341.3 million in the prior year quarter.
Net loss totaled $(1.9) million, or $(0.01) per diluted share, compared to $(9.0) million, or $(0.10) per diluted share, in the prior year quarter.
Adjusted diluted EPS was $0.09 per diluted share compared to $0.16 per diluted share in the prior year quarter.
Adjusted EBITDA totaled $44.0 million compared to $47.8 million in the prior year quarter.
Forward Guidance
Management reiterated guidance for its 2022 fiscal year originally provided on March 2, 2022 with Hillman's fourth quarter 2021 results.
Positive Outlook
- Net sales are anticipated to be in the range of $1.5 billion to $1.6 billion
- Adjusted EBITDA is expected to be in the range of $207 million to $227 million
- Free Cash Flow is projected to be in a range of $120 million to $130 million
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...