NASDAQ: HLMN
Hillman Solutions Corp.CIK 0001822492 · SIC 3420 · Cutlery, Handtools & General Hardware
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Hillman refinances $735M term loan and $375M ABL facility, extending maturities to 2033/2031
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Hillman launches $735M Term Loan B, $375M ABL refinancing to extend maturities to 2031-2033
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Latest financial statements
From 10-Q filed Aug 4, 2026 (period ending Jun 27, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited)
(dollars in thousands, except for per share amounts)
| Description | Thirteen weeks ended June 27, 2026 | Thirteen weeks ended June 28, 2025 | Twenty-six weeks ended June 27, 2026 | Twenty-six weeks ended June 28, 2025 |
|---|---|---|---|---|
| Net sales | 442,251 | 402,803 | 812,324 | 762,146 |
| Cost of sales (exclusive of depreciation and amortization shown separately below) | 234,162 | 208,338 | 435,658 | 399,078 |
| Selling, warehouse, general and administrative expenses | 133,983 | 123,707 | 258,554 | 242,759 |
| Depreciation | 22,535 | 19,848 | 44,534 | 39,243 |
| Amortization | 15,223 | 15,257 | 30,499 | 30,672 |
| Other income, net | (4,585) | (664) | (5,068) | (938) |
| Income from operations | 40,933 | 36,317 | 48,147 | 51,332 |
| Interest expense, net | 13,042 | 13,892 | 26,047 | 28,352 |
| Refinancing costs | — | — | — | 906 |
| Income before income taxes | 27,891 | 22,425 | 22,100 | 22,074 |
| Income tax expense | 6,771 | 6,593 | 5,712 | 6,559 |
| Net income | 21,120 | 15,832 | 16,388 | 15,515 |
| Basic and diluted net income per share | 0.11 | 0.08 | 0.08 | 0.08 |
| Weighted average basic and diluted shares outstanding | 195,881 | 197,593 | 196,254 | 197,439 |
| Diluted net income per share | 0.11 | 0.08 | 0.08 | 0.08 |
| Weighted average diluted shares outstanding | 196,891 | 198,676 | 197,993 | 199,257 |
| Net income from above | 21,120 | 15,832 | 16,388 | 15,515 |
| Other comprehensive (loss) income: | ||||
| Foreign currency translation adjustments | (1,962) | 5,324 | (3,277) | 6,006 |
| Hedging activity, net of tax | 150 | (559) | 1,147 | (2,549) |
| Total other comprehensive (loss) income | (1,812) | 4,765 | (2,130) | 3,457 |
| Comprehensive income | 19,308 | 20,597 | 14,258 | 18,972 |
Condensed Consolidated Balance Sheets (Unaudited)
(dollars in thousands)
| Description | As of June 27, 2026 | As of December 27, 2025 |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | 35,839 | 27,276 |
| Accounts receivable, net of allowances of $2,484 ($1,944 2025) | 154,694 | 114,926 |
| Inventories, net | 455,085 | 485,938 |
| Other current assets | 24,152 | 18,342 |
| Total current assets | 669,770 | 646,482 |
| Property and equipment, net of accumulated depreciation of $466,189 ($428,726 2025) | 228,637 | 231,482 |
| Goodwill | 829,833 | 830,747 |
| Other intangibles, net of accumulated amortization of $622,666 ($592,748 2025) | 515,187 | 546,171 |
| Operating lease right of use assets | 101,219 | 75,152 |
| Other assets | 31,532 | 26,160 |
| Total assets | 2,376,178 | 2,356,194 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | 131,510 | 141,662 |
| Current portion of debt and finance lease liabilities | 15,252 | 14,830 |
| Current portion of operating lease liabilities | 20,884 | 17,947 |
| Accrued expenses: | ||
| Salaries and wages | 15,610 | 35,790 |
| Pricing allowances | 11,980 | 8,098 |
| Income and other taxes | 9,899 | 9,466 |
| Other accrued expenses | 41,706 | 29,766 |
| Total current liabilities | 246,841 | 257,559 |
| Long-term debt | 678,112 | 668,337 |
| Deferred tax liabilities | 132,938 | 131,870 |
| Operating lease liabilities | 86,771 | 63,459 |
| Other non-current liabilities | 6,309 | 6,462 |
| Total liabilities | 1,150,971 | 1,127,687 |
| Commitments and contingencies (Note 6) | ||
| Stockholders' equity: | ||
| Common stock: $0.0001 par value, 500,000,000 shares authorized, 199,136,010 and 194,803,383 issued and outstanding in 2026, respectively, and 197,857,100 and 196,487,532 shares issued and outstanding in 2025, respectively | 20 | 20 |
| Treasury stock, at cost, 4,332,627 shares in 2026 and 1,369,568 shares in 2025 | (35,823) | (12,423) |
| Additional paid-in capital | 1,463,264 | 1,457,422 |
| Accumulated deficit | (162,258) | (178,646) |
| Accumulated other comprehensive loss | (39,996) | (37,866) |
| Total stockholders' equity | 1,225,207 | 1,228,507 |
| Total liabilities and stockholders' equity | 2,376,178 | 2,356,194 |
Condensed Consolidated Statements of Cash Flows (Unaudited)
(dollars in thousands)
| Description | Twenty-six weeks ended June 27, 2026 | Twenty-six weeks ended June 28, 2025 |
|---|---|---|
| Net income | 16,388 | 15,515 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 75,033 | 69,915 |
| Deferred income taxes | (467) | (3,101) |
| Deferred financing and original issue discount amortization | 2,506 | 2,511 |
| Stock-based compensation expense | 7,362 | 6,835 |
| Loss on debt restructuring | — | 906 |
| Cash paid to third parties in connection with debt restructuring | — | (906) |
| Gain on acquisition, net of deferred taxes | (4,721) | — |
| Gain on disposal of property and equipment | (77) | (63) |
| Change in fair value of contingent consideration | (352) | (567) |
| Changes in operating items: | ||
| Accounts receivable, net | (31,935) | (30,905) |
| Inventories, net | 41,804 | (20,812) |
| Other assets | (11,349) | (7,702) |
| Accounts payable | (13,395) | 29,015 |
| Accrued salaries and wages | (20,134) | (10,681) |
| Other accrued expenses | 7,800 | (1,908) |
| Net cash provided by operating activities | 68,463 | 48,052 |
| Cash flows from investing activities: | ||
| Acquisition of business, net of cash received | (7,218) | — |
| Capital expenditures | (32,595) | (38,175) |
| Other investing activities | (96) | (109) |
| Net cash used for investing activities | (39,909) | (38,284) |
| Cash flows from financing activities: | ||
| Repayments of senior term loans | (4,255) | (4,256) |
| Borrowings on revolving credit loans | 105,645 | 79,000 |
| Repayments of revolving credit loans | (95,617) | (92,000) |
| Principal payments under finance lease obligations | (3,193) | (2,653) |
| Proceeds from exercise of stock options | 1,483 | 490 |
| Repurchases of common stock | (23,400) | — |
| Payments of contingent consideration | (141) | (137) |
| Other financing activities | (477) | (855) |
| Net cash used for financing activities | (19,955) | (20,411) |
| Effect of exchange rate changes on cash | (36) | 321 |
| Net increase (decrease) in cash and cash equivalents | 8,563 | (10,322) |
| Cash and cash equivalents at beginning of period | 27,276 | 44,510 |
| Cash and cash equivalents at end of period | 35,839 | 34,188 |
| Supplemental disclosure of cash flow information: | ||
| Interest paid | 20,594 | 29,003 |
| Income taxes paid | 5,310 | 8,646 |
| Capital expenditures in accounts payable | 822 | 883 |
Amounts as printed on the EDGAR/iXBRL face — (dollars in thousands, except for per share amounts); (dollars in thousands). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗