HLMN Earnings Prediction
The chart below shows how HLMN performed 10 days before and after its earnings report, based on data from the past quarters. Typically, HLMN sees a -2.22% change in stock price 10 days leading up to the earnings, and a -2.23% change 10 days following the report. On the earnings day itself, the stock moves by +1.71%. This data can give you a slight idea of what to expect for the next quarter's release.
HLMN Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
393.30M
-1.42%
3.65%
Gross Margin
39.74%
8.37%
-1.58%
Operating Margin
7.30%
-17.51%
-15.31%
Net Margin
1.89%
48.82%
-42.73%
EPS
0.04
33.33%
-33.33%
No Data Available
HLMN Earnings Analysis
Hillman Solutions Corp. Common Stock Corporation (HLMN.O) Earnings Conference Call
Positive
Adjusted EBITDA Increase: 1. Increased Adjusted EBITDA: Hillman Solutions reported a 9% increase in adjusted EBITDA for Q3 2024, reaching $72.6 million compared to $66.8 million in Q3 2023.
Gross Margin Improvement: 2. Improved Gross Margins: The adjusted gross margin for the third quarter improved by 400 basis points to 48.2%, up from 44.2% in the prior year quarter.
Acquisition Impact on Revenue: 3. Acquisition Contributions: The acquisitions of Koch and Intex contributed approximately 4% to the top line, helping to offset market volume declines.
Cash Flow Performance: 4. Strong Cash Flow Generation: For the year-to-date period, Hillman generated $142.2 million in operating cash flow, demonstrating robust cash generation capabilities.
Full-Year Sales Guidance Increase: 5. Increased Full-Year Guidance: The company raised its full-year net sales guidance to a range of $1.455 billion to $1.485 billion, reflecting a 4% increase over the previous year.
Negative
Net Sales Decline: 1. Declining Net Sales: Net sales in Q3 2024 totaled $393.3 million, down 1.4% compared to the prior year quarter, primarily due to a 4% decline in overall market volumes.
Rising SG&A Expenses: 2. Increased SG&A Expenses: Adjusted SG&A as a percentage of sales rose to 29.9% during the quarter, up from 27.5% in the year-ago quarter, driven by increased employee bonus expenses.
Receivables Risk Impact: 3. Receivables at Risk: The company reported $8.8 million of receivables at risk from True Value, with a $7.8 million charge for uncollectible receivables impacting Q3 results.
Decline in Canadian Sales: 4. Weak Canadian Performance: Net sales in the Canadian business decreased by 6.5% compared to the prior year quarter, attributed to a sluggish economy in Canada.
Net Debt Concerns: 5. High Net Debt Levels: Total net debt outstanding at the end of Q3 2024 was $698.7 million, with a net debt to trailing 12-month adjusted EBITDA ratio of 2.8 times, indicating ongoing leverage concerns.
HLMN FAQs
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HLMN Earning Call Sentiment
Hillman Solutions Corp. (HLMN) Q3 2024 Earnings Call Transcript
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00:00
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HLMN.O
-0.89%Positive
Basic Financial Performance: 3. The company shows mixed results with a slight decline in net sales but improved EBITDA. Product Development and Business Update: 4. Positive developments with acquisitions and new product introductions. Market Strategy: 3. Mixed, with growth expected in 2025. Expenses and Financial Health: 3. Concerns over increased SG&A and debt levels. Shareholder Return Plan: 3. No specific positive or negative updates. Adjustments: Q&A highlights risks such as tariffs and economic conditions, offset by some operational improvements. Overall, the stock is likely to remain neutral in the short term.
