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SEC filingRevenue grew 3% on pricing and new business, but profitability fell sharply due to cost inflation, tariff headwinds, and higher depreciation from kiosk investments.
Revenue for the first quarter of fiscal 2026 was $370.1 million, a 3.0% increase compared to $359.3 million in the prior year period. The growth was driven by pricing actions and new business wins, partially offset by low double-digit volume declines in core categories. Hillman sells its products to hardware stores, home improvement centers, mass merchants, pet supply stores, and other retail outlets principally in the United States, Canada, and Mexico.
Management highlighted the uncertain impact of tariffs, noting that the U.S. Supreme Court invalidated certain IEEPA tariffs in February 2026, and Hillman has filed a lawsuit seeking refunds. However, the financial impact remains unclear, and no adjustments have been recorded. The company expects the current tariff environment to increase product costs and working capital, unfavorably impacting future cash flows. Despite these headwinds, Hillman continues to invest in its kiosk and rack infrastructure to drive long-term growth, while managing near-term profitability challenges through pricing actions and cost control.