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Dec 30, 2023
Hillman Solutions Q4 2023 Earnings Report
Hillman Solutions reported a decrease in net sales but an increase in adjusted EPS and adjusted EBITDA compared to the prior year quarter. The company also provided full year 2024 guidance.
Key Takeaways
Hillman Solutions Corp. reported a slight decrease in net sales for Q4 2023, but experienced improvements in adjusted EPS and adjusted EBITDA. The company also highlighted debt reduction and inventory management achievements during the year and provided full year 2024 guidance.
Net sales decreased by 0.8% to $347.8 million compared to the prior year quarter, but increased 3.8% when excluding the 14th week in 2022.
Net loss totaled $(10.1) million, or $(0.05) per diluted share, compared to a net loss of $(13.9) million, or $(0.07) per diluted share, in the prior year quarter.
Adjusted Diluted EPS was $0.10 per diluted share compared to $0.05 per diluted share in the prior year quarter.
Adjusted EBITDA totaled $54.4 million compared to $45.0 million in the prior year quarter.
Forward Guidance
Hillman provided its full year 2024 guidance, anticipating net sales between $1.475 to $1.555 billion, adjusted EBITDA between $230 to $240 million, and free cash flow between $100 to $120 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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