Hillman Solutions Corp. HLMN
Hillman Solutions Corp. and its wholly-owned subsidiaries (collectively, "Hillman" or "Company") are one of the largest providers of hardware-related products and related merchandising services to retail markets in North America. Our principal business is operated through our wholly-owned subsidiary, Hillman, which had net sales of approximately $1,552.2 million in 2025. Hillman sells its products to hardware stores, home centers, mass merchants, pet supply stores, and other retail outlets principally in the United States, Canada, Mexico, Latin America, and the Caribbean. Product lines include thousands of small parts such as fasteners and related hardware items; threaded rod and metal shapes; keys; builder's hardware; personal protective equipment, such as gloves and eye-wear; rope and chain; and identification items, such as tags and letters, numbers, and signs. We support product sales with services that include design and installation of merchandising systems, maintenance of appropriate in-store inventory levels, and break-fix for our robotics kiosks.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.55B | $1.47B | $1.48B | $1.49B | $1.43B | $1.37B | $1.21B | — | — |
| R&D | $1.4M | $1.3M | $2.6M | $2.3M | $2.4M | $2.9M | $2.1M | — | — |
| SG&A | $502.0M | $488.7M | $452.1M | $481.0M | $437.9M | $398.5M | $382.1M | — | — |
| Operating income | $114.0M | $88.8M | $60.9M | $39.9M | $10.3M | $65.8M | $7.7M | — | — |
| Interest expense | $56.5M | $59.2M | $68.3M | $54.6M | $61.2M | $86.8M | $101.6M | — | — |
| Pre-tax income | $56.6M | $26.6M | -$7.4M | -$14.7M | -$50.1M | -$33.9M | -$108.8M | — | — |
| Income tax | $16.3M | $9.3M | $2.2M | $1.8M | $11.8M | $9.4M | $23.3M | — | — |
| Net income | $40.3M | $17.3M | -$9.6M | -$16.4M | -$38.3M | -$24.5M | -$85.5M | — | — |
| EPS, basic | 0.20 | 0.09 | -0.05 | -0.08 | -0.28 | -0.27 | -0.96 | — | — |
| EPS, diluted | 0.20 | 0.09 | -0.05 | -0.08 | -0.28 | -0.27 | -0.96 | — | — |
| Shares, diluted (wtd. avg.) | $199.5M | $198.9M | $194.7M | $194.2M | $134.7M | $89.9M | $89.4M | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $27.3M | $44.5M | $38.6M | $31.1M | $14.6M | $21.5M | $20.0M | $28.2M | — |
| Receivables | $114.9M | $109.8M | $103.5M | $87.0M | $107.2M | $121.2M | — | — | — |
| Inventory | $485.9M | $403.7M | $382.7M | $489.3M | $533.5M | $391.7M | — | — | — |
| Total current assets | $646.5M | $573.2M | $548.0M | $631.6M | $668.3M | $553.7M | $0 | — | — |
| Property, plant and equipment | $231.5M | $224.2M | $200.6M | $190.3M | $174.3M | $182.7M | — | — | — |
| Goodwill | $830.7M | $828.6M | $825.0M | $823.8M | $825.4M | $816.2M | — | — | — |
| Other intangibles | $546.2M | $605.9M | $655.3M | $734.5M | $794.7M | $826.0M | — | — | — |
| Total assets | $2.36B | $2.33B | $2.33B | $2.47B | $2.56B | $2.47B | $0 | — | — |
| Accounts payable | $141.7M | $139.1M | $140.3M | $131.8M | $186.1M | $201.5M | $0 | — | — |
| Total current liabilities | $257.6M | $253.7M | $223.1M | $215.4M | $277.3M | $311.9M | $0 | — | — |
| Long-term debt | $668.3M | $691.7M | $731.7M | $884.6M | $906.5M | $1.54B | — | — | — |
| Total liabilities | $1.13B | $1.15B | $1.18B | $1.31B | $1.41B | $2.10B | $0 | — | — |
| Retained earnings | -$178.6M | -$219.0M | -$236.2M | -$226.6M | -$210.2M | -$171.8M | $0 | — | — |
| Total equity | $1.23B | $1.18B | $1.15B | $1.16B | $1.15B | $364.6M | $374.0M | $450.1M | $0 |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $105.2M | $183.3M | $238.0M | $119.0M | -$110.3M | $92.1M | $52.4M | — | — |
| Depreciation and amortisation | $141.1M | $130.0M | $121.6M | $120.0M | $120.7M | $126.9M | $124.6M | — | — |
| Stock-based compensation | $14.2M | $13.5M | $12.0M | $13.5M | $15.3M | $5.1M | $3.0M | — | — |
| Capital expenditure | $70.1M | $85.2M | $65.8M | $69.6M | $51.6M | $45.3M | $57.8M | — | — |
| Investing cash flow | -$70.4M | -$143.4M | -$67.9M | -$72.8M | -$90.5M | -$46.1M | -$53.5M | — | — |
| Financing cash flow | -$52.2M | -$39.3M | -$162.0M | -$28.7M | $193.3M | -$45.1M | -$7.1M | — | — |
| Buybacks | $12.4M | $0 | $0 | — | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001822492-26-000056.
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