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Hillman Solutions (HLMN) investor relations material
Hillman Solutions Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved record 2025 net sales of $1.552 billion, up 5.4% year-over-year, and record adjusted EBITDA of $275.3 million, up 13.9% from 2024.
Returned to profitability with GAAP net income of $40.3 million in 2025, up from $17.3 million in 2024, and Q4 net income of $1.6 million.
Successfully navigated tariff impacts, maintained strong customer service and operational efficiency, and continued investment in growth.
Positioned for continued growth in 2026, focusing on new business wins, pro channel expansion, and strategic M&A.
Free cash flow for 2025 was $35.1 million, with net leverage improved to 2.4x from 2.8x a year ago.
Financial highlights
2025 net sales increased by $80 million over 2024, driven by pricing, acquisitions, and new business wins.
Adjusted gross profit margin for 2025 rose 60 basis points to 48.7%; adjusted EBITDA margin reached 17.7%.
Adjusted diluted EPS for 2025 was $0.58, up from $0.49 in 2024; Q4 adjusted EPS was flat at $0.10.
Free cash flow for 2025 was $35.1 million, impacted by $65 million in tariffs and down from $98.1 million in 2024.
Net debt at year-end was $665.8 million, with a net debt/EBITDA ratio of 2.4x.
Outlook and guidance
2026 net sales expected between $1.6–$1.7 billion, midpoint growth of 6.3% over 2025.
Adjusted EBITDA guidance for 2026 is $275–$285 million, midpoint growth of 1.7%.
Free cash flow projected at $100–$120 million, with 90%+ conversion of adjusted net income.
CapEx for 2026 expected at $70–$75 million; continued stock repurchases and strategic M&A planned.
Long-term annual growth targets: organic revenue +6%, adjusted EBITDA +10%; with acquisitions: revenue +10%, adjusted EBITDA +15%.
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