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Apr 01, 2023
Hillman Solutions Q1 2023 Earnings Report
Hillman Solutions' financial performance in Q1 2023 reflected a decrease in net sales but strong Adjusted EBITDA and free cash flow.
Key Takeaways
Hillman Solutions reported a decrease in net sales by (3.7)% to $349.7 million, a net loss of $(9.1) million, and an adjusted diluted EPS of $0.06. Despite the decrease in net sales, the company saw strong Adjusted EBITDA of $40.2 million and free cash flow of $13.4 million.
Net sales decreased by (3.7)% to $349.7 million compared to the prior year quarter.
Net loss totaled $(9.1) million, or $(0.05) per diluted share, compared to a net loss of $(1.9) million in the prior year quarter.
Adjusted diluted EPS was $0.06 per diluted share compared to $0.09 per diluted share in the prior year quarter.
Free cash flow totaled $13.4 million compared to $(16.1) million in the prior year quarter.
Forward Guidance
Hillman reiterated the following guidance based on its current view of the market and its performance expectations for the fifty-two weeks ended December 30, 2023. Full Year 2023 Guidance Net Sales $1.45 to $1.55 billion Adjusted EBITDA $215 to $235 million Free Cash Flow $125 to $145 million
Historical Earnings Impact
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Avg. Return Before/After Earnings
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