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10-K2026-02-17· deepseek-chat

HLMN · Hillman Solutions Corp.

0001822492-26-000019

SEC filing

Summary

Hillman Solutions Corp. reported net sales of $1.55 billion for fiscal year 2025, generating income from operations of $114.0 million and net income of $40.3 million. The company achieved comprehensive income of $44.1 million, which includes other comprehensive income of $3.8 million. Operating activities provided $105.2 million in cash, while investing activities used $70.4 million primarily for capital expenditures of $70.1 million, and financing activities used $52.2 million mainly for debt repayments and stock repurchases. The company ended the period with total assets of $2.36 billion, total liabilities of $1.13 billion, and stockholders' equity of $1.23 billion. Cash and cash equivalents decreased by $17.2 million to $31.1 million at period end. The financial results demonstrate the company's operational performance and capital allocation decisions during the fiscal year.

Key takeaways

Full analysis

Performance Summary

Hillman Solutions Corp. reported net sales of $1.55 billion for fiscal year 2025. The company generated income from operations of $114.0 million, representing an operating margin of 7.4%. After accounting for interest expense of $56.5 million, refinancing costs of $906 thousand, and income tax expense of $16.3 million, the company reported net income of $40.3 million. Comprehensive income totaled $44.1 million, which includes other comprehensive income of $3.8 million primarily from foreign currency translation adjustments of $6.8 million and hedging activity of $3.0 million. The company's financial performance reflects its operational execution during the fiscal period.

Revenue Analysis

The company reported net sales of $1.55 billion for the fiscal year. Cost of sales was $795.9 million, resulting in gross profit of $754.1 million. The document does not provide segment breakdown, geographic mix, or specific growth drivers beyond the aggregate revenue figure. All revenue-related information is derived from the consolidated financial statements without further disaggregation by business segment or geographic region.

Margins & Profitability

The company achieved gross profit of $754.1 million on net sales of $1.55 billion, representing a gross margin of 48.7%. Operating expenses included selling, general and administrative expenses of $502.0 million, depreciation of $79.9 million, and amortization of $61.2 million. Other income expense net was $722 thousand. These expenses resulted in income from operations of $114.0 million, representing an operating margin of 7.4%. The cost structure shows significant investment in selling, general and administrative functions relative to revenue.

Cash Flow & Balance Sheet

Operating activities generated $105.2 million in cash, primarily from net income of $40.3 million adjusted for non-cash items including depreciation and amortization of $141.1 million. Investing activities used $70.4 million, mainly for capital expenditures of $70.1 million. Financing activities used $52.2 million, including repayments of senior term loans ($8.5 million), net repayments of revolving credit loans ($26.0 million), and stock repurchases ($12.4 million). The balance sheet shows total assets of $2.36 billion, with current assets of $646.5 million including inventories of $485.9 million. Total liabilities were $1.13 billion, including long-term debt of $668.3 million. Stockholders' equity was $1.23 billion.

Outlook

The document does not contain management guidance, strategic priorities, or specific risk factors beyond the financial statements provided. The filing presents historical financial results without forward-looking statements or outlook commentary. Investors should refer to other sections of the complete 10-K filing for information on business strategy, risk factors, and management discussion and analysis that may provide context for future performance expectations.