Hillman Solutions Corp., through its subsidiaries, delivers a broad spectrum of hardware products and associated merchandising solutions throughout North America. The company's ...
Hillman Solutions Corp. is a publicly traded industrial and consumer-products company headquartered in Cincinnati, Ohio, and listed on the NASDAQ Global Market under the symbol HLMN. Founded in 1964, the company has developed from a hardware supplier into a broad provider of products, services, and in-store merchandising programs across North ...Hillman Solutions Corp. is a publicly traded industrial and consumer-products company headquartered in Cincinnati, Ohio, and listed on the NASDAQ Global Market under the symbol HLMN. Founded in 1964, the company has developed from a hardware supplier into a broad provider of products, services, and in-store merchandising programs across North America. Jon Michael Adinolfi became President and Chief Executive Officer on January 1, 2025, after previously serving as Hillman’s Chief Operating Officer.
Hillman’s business is centered on making essential hardware and related products available through retail and professional channels. Its product categories include fasteners such as screws, bolts, nuts, nails, anchors, rivets, washers, and kits; builder hardware such as hinges, hasps, hooks, latches, braces, springs, and garage-door accessories; and construction products including threaded rods and aluminum profiles. The company also supplies wall-hanging systems, picture-frame hardware, adhesives, mirrors, signs, stencils, driveway markers, numbers, letters, and storage or organizational products. Protective and practical items include gloves, face masks, safety glasses, and other personal protective equipment. In addition, Hillman provides key cutting and engraving services, as well as electrical, plumbing, automotive, and other accessory products.
The company markets products under several recognized brands, including Hillman, DECK PLUS, GORILLA GRIP, Hardware Essentials, minute key, POWERPRO, OOK, Fas.n.Tite, Distinctions, AWP, OZCO, The Steel Works, and Digz. A key part of Hillman’s value proposition is its ability to combine product sourcing and manufacturing with merchandising, replenishment, field service, and category-management support. This helps retailers maintain organized, convenient hardware sections and reduces the operational burden associated with managing many small stock-keeping units.
Hillman serves a diversified customer base that includes independent hardware stores, large home-improvement centers, mass merchants, pet-supply retailers, industrial customers, and professional distribution networks. Its scale and product breadth can provide purchasing, logistics, and merchandising advantages, while its exposure to retail construction, repair, maintenance, and do-it-yourself demand creates a recurring need for many of its products. The company’s offerings generally consist of relatively low-cost, high-volume hardware items, although profitability is influenced by raw-material costs, freight, labor, inventory levels, retailer promotions, and sourcing conditions. The bill of materials varies by category and can include steel, stainless steel, aluminum, plastics, adhesives, packaging, and electronic or mechanical components for certain service products.
Based on the supplied trailing-twelve-month data, Hillman reported approximately 45.8% gross margin, 6.9% EBIT margin, 16.0% EBITDA margin, and 2.6% net profit margin. Revenue per share was approximately $8.18, while free cash flow was approximately $100.5 million at the firm level. The company had approximately $2.57 billion of enterprise value and a net-debt-to-EBITDA ratio of about 3.0. These figures indicate a business with meaningful operating cash generation but also material leverage and interest-cost exposure. Inventory management is important because the reported inventory days and cash-conversion cycle are relatively high for a distribution-oriented operation. Hillman does not currently pay a regular dividend according to the supplied data, suggesting that cash is primarily directed toward operations, debt management, investment, and strategic priorities.
Hillman’s principal opportunities include expanding its branded product portfolio, increasing penetration of professional and industrial channels, improving retail execution, achieving sourcing efficiencies, and using its service platform to deepen customer relationships. Key risks include retailer concentration, weak housing or repair-and-remodel demand, inflation in metals and freight, supply-chain disruptions, foreign-sourcing exposure, private-label competition, execution risk, and balance-sheet constraints. Overall, Hillman is a scaled North American hardware-solutions provider whose competitive position is based on product breadth, established brands, retail relationships, merchandising capabilities, and service infrastructure.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$1.6B
+5.4%
+19.5%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$40.3M
+133.6%
+546.3%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+39.6%
-17.5%
+3.3%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
+7.6%
+25.6%
+374.8%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
+2.6%
+121.6%
+473.5%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$35.1M
-64.2%
+304.4%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
+2.3%
-66.1%
+271.1%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
67.4%
+0.5%
-2.1%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
2.51x
+11.1%
-8.0%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
Operator: Good morning and welcome to the second quarter 2026 results presentation for Hillman Solutions Corp. My name is Amber, and I will be your conference call operator today. Before we begin, I would like to remind our listeners that today's presentation is being recorded. The company's earnings release and presentation were issued yesterday, and the 10-Q was issued this morning. These documents and a replay of today's presentation can be accessed on Hillman's Investor Relations website at ir.hillmangroup.com. I would now like to turn the call over to Michael Koehler with Hillman. Please go ahead.
Michael Koehler: Thank you, operator. Good morning, everyone, and thank you for joining us for Hillman's second quarter 2026 results presentation. I am Michael Koehler, Vice President of Corporate Development, Investor Relations, and Treasury. Joining me on today's call are Hillman's President and Chief Executive Officer, Jon-Michael Adinolfi, or JMA, and our Chief Financial Officer, Rocky Kraft. I would like to remind our audience that certain statements made today may be considered forward-looking and are subject to the safe harbor provisions of applicable securities laws. These forward-looking statements are not guaranteed to future performance and are subject to risks, uncertainties, assumptions, and other factors, many of which are beyond the company's control and may cause actual results to differ materially from those projected in such statements. Some of the factors that could influence our results are contained in our periodic and annual reports filed with the SEC. For more information regarding these risks and uncertainties, please see slide 2 in our earnings call slide presentation, which is available on our website. In addition, on today's call, we will refer to certain non-GAAP financial measures. Information regarding our use of and reconciliations of these measures to our GAAP results are available in our earnings call slide presentation. JMA will begin today's call by discussing the recently announced agreement to acquire Kanebridge Corporation, a master distributor serving the industrial channel. Then he will provide commentary on our quarterly results and guidance, followed by a discussion on our performance by business. Rocky will then walk through our financial results, balance sheet, and guidance before turning the call back over to JMA for some closing comments. We will then open up the call for your questions. Now, it is my pleasure to turn the call over to our President and CEO, Jon-Michael Adinolfi. JMA?
Jon Adinolfi: Thank you, Michael. Good morning, everyone, and thank you for joining us. The second quarter was a great quarter for Hillman, which I'll get to in a moment. Yesterday after the market closed, we announced that we entered into a definitive agreement to acquire Kanebridge Corporation, a leading master distributor of fasteners in the industrial channel. Like Hillman, Kanebridge has a specialized business model …
