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Dec 31, 2022
Hillman Solutions Q4 2022 Earnings Report
Hillman Solutions reported mixed results for Q4 2022, with sales increasing slightly but a net loss recorded, while adjusted EBITDA increased.
Key Takeaways
Hillman Solutions reported a slight increase in net sales for Q4 2022, but experienced a net loss compared to net income in the prior year quarter. Adjusted EBITDA, however, increased during the quarter. The company provided full year 2023 guidance, projecting net sales between $1.45 to $1.55 billion and adjusted EBITDA between $215 to $235 million.
Net sales increased by 1.8% to $350.7 million compared to the prior year quarter.
Net loss totaled $(13.9) million, or $(0.07) per diluted share, compared to net income of $6.5 million, or $0.03 per diluted share, in the prior year quarter.
Adjusted Diluted EPS was $0.05 per diluted share compared to $0.06 per diluted share in the prior year quarter.
Adjusted EBITDA totaled $45.0 million compared to $38.6 million in the prior year quarter.
Forward Guidance
Hillman provided full year 2023 guidance, projecting net sales between $1.45 to $1.55 billion and adjusted EBITDA between $215 to $235 million and Free Cash Flow between $125 to $145 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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