From GlobeNewswire: 2025-02-18 07:30:00

Hillman Solutions Corp. reported a net sales increase of 0.5% to $349.6 million in the fourth quarter of 2024. Adjusted EBITDA totaled $56.3 million, and net loss was $(1.2) million. The full-year 2024 net sales decreased slightly to $1.47 billion, with net income at $17.3 million.

The company’s balance sheet at December 28, 2024, showed gross debt decreased to $718.6 million, with net debt at $674.0 million. Liquidity available was $233 million. Hillman acquired Koch Industries in January 2024 and Intex DIY in August 2024.

Hillman’s management highlighted the company’s record bottom line results in 2024 and reduced net debt by $48 million. The company won vendor of the year awards at Home Depot and Lowe’s. The focus remains on customer care and strategic portfolio expansion through acquisitions.

Newly appointed CEO Jon Michael Adinolfi expressed confidence in a successful 2025, aiming for growth in both top and bottom lines. Continued investment in MinuteKey 3.5 fleet and growth opportunities is expected to generate strong returns for shareholders.

Hillman provided guidance for full-year 2025, expecting net sales of $1.495 to $1.575 billion, adjusted EBITDA of $255 to $275 million, and free cash flow of $90 to $110 million. The company plans to host a results presentation and conference call on February 18, 2025.



Read more at GlobeNewswire:: Hillman Reports Record Fourth Quarter 2024 Results;