Hillman Solutions Corp. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 08, 2023 at 07:36 am EST
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Hillman Solutions Corp. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 398.94 million compared to USD 378.54 million a year ago. Net income was USD 5.06 million compared to net loss of USD 9.47 million a year ago. Basic earnings per share from continuing operations was USD 0.03 compared to basic loss per share from continuing operations of USD 0.05 a year ago. Diluted earnings per share from continuing operations was USD 0.03 compared to diluted loss per share from continuing operations of USD 0.05 a year ago.
For the nine months, sales was USD 1,128.67 million compared to USD 1,135.67 million a year ago. Net income was USD 0.47 million compared to net loss of USD 2.54 million a year ago.
Hillman Solutions Corp. is a provider of hardware-related products and related merchandising services to retail markets in North America. Its segments include Hardware and Protective Solutions, Robotics and Digital Solutions, and Canada. The Hardware and Protective Solutions segment includes a selection of product categories, including fasteners, builders' hardware, wall hanging, threaded rod and metal shapes, letters, numbers and signs (LNS), and personal protection equipment. The Robotics and Digital Solutions segment consists primarily of software-enabled robotic key duplication and engraving solutions that are tailored to the needs of the consumer. The Canada segment distributes fasteners and related hardware items, threaded rods, keys, key duplicating systems, accessories, and identification items, such as tags and letters, numbers, and signs to hardware stores, home centers, mass merchants, industrial distributors, automotive aftermarket distributors, and other retail outlets.