Hillman Solutions Q3 2021 Earnings Report

Hillman Solutions experienced a decrease in net sales and operating income, while adjusted EBITDA also declined due to supply chain challenges and the unwinding of Covid-related products.

Key Takeaways

Hillman Solutions Corp. reported a decrease in net sales for the third quarter of 2021 by 8.6% to $364.5 million. Operating income decreased significantly by 137.9% to $(13.3) million, and adjusted EBITDA decreased by 24.6% to $56.5 million.

Net sales decreased by 8.6% to $364.5 million compared to the prior year quarter.

Operating income decreased by 137.9% to $(13.3) million compared to the prior year quarter.

Adjusted EBITDA decreased by 24.6% to $56.5 million compared to the prior year quarter.

Hardware Solutions, RDS, and Canadian businesses performed well despite supply chain challenges.

Previous year: -$0.12

-133.3%