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Sep 28, 2024
Hillman Solutions Q3 2024 Earnings Report
Hillman Solutions' financial performance decreased slightly in net sales but improved in net income and Adjusted EBITDA compared to the prior year quarter, driven by efficient operations and strategic acquisitions.
Key Takeaways
Hillman Solutions reported a slight decrease in net sales but an increase in net income and adjusted EBITDA for Q3 2024. The company acquired Intex DIY and updated its full-year guidance, reflecting the acquisition and strong bottom-line results.
Net sales decreased by 1.4% to $393.3 million.
Net income increased to $7.4 million, or $0.04 per diluted share.
Adjusted EBITDA increased to $72.6 million.
Acquired Intex DIY, expanding product portfolio and customer base.
Forward Guidance
Hillman Solutions updated its full year 2024 guidance based on year-to-date performance and improved visibility. Net Sales are expected to be $1.455 to $1.485 billion, Adjusted EBITDA is expected to be approximately $250 million, and Free Cash Flow is expected to be $100 to $115 million.
Positive Outlook
- Net Sales: $1.455 to $1.485 billion
- Adjusted EBITDA: Approximately $250 million
- Free Cash Flow: $100 to $115 million
- Guidance reflects the acquisition of Intex.
- Strong bottom line results.
Challenges Ahead
- Unfavorable economic conditions
- Increased supply chain costs
- Highly competitive markets
- Seasonality
- Large customer concentration
Historical Earnings Impact
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Avg. Return Before/After Earnings
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