株探米国株
日本語 英語
エドガーで原本を確認する
0001822492false00018224922026-04-272026-04-27

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.  20549
__________________________
  
FORM 8-K
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported): April 27, 2026

hillmangreen.jpg

Hillman Solutions Corp.
(Exact name of registrant as specified in its charter)
Delaware   001-39609   85-2096734
(State or other jurisdiction   (Commission File No.)   (I.R.S. Employer
of incorporation)       Identification No.)
1280 Kemper Meadows Drive
Cincinnati, Ohio 45240
(Address of principal executive offices)

Registrant’s telephone number, including area code: (513) 851-4900

Not Applicable
(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))  

Securities registered pursuant to Section 12(b) of the Act:
Title of each class Trading Symbols Name of each exchange on which registered
Common Stock, par value $0.0001 per share HLMN The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ 





Item 2.02 Results of Operations and Financial Condition.

On April 27, 2026, Hillman Solutions Corp. (the “Company”) issued a press release, furnished as Exhibit 99.1 and incorporated herein by reference, announcing the Company's selected summary financial results for its thirteen weeks ended March 28, 2026.

The information provided pursuant to Item 2.02, including the exhibit attached hereto, is being furnished and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in any such filing.


Item 9.01 Financial Statements and Exhibits.

(d)    Exhibits.

99.1    Press Release, dated April 27, 2026, announcing the financial results of Hillman Solutions Corp. for its thirteen weeks ended March 28, 2026.

99.2     Supplemental slides provided in connection with the first quarter 2026 earnings call of Hillman Solutions Corp.











SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: April 27, 2026
Hillman Solutions Corp.


By:
/s/ Robert O. Kraft
Name:
Robert O. Kraft
Title:
Chief Financial Officer



EX-99.1 2 ex991hillmanq12026earnings.htm EX-99.1 Document

hillmangreena.jpg
Hillman Reports First Quarter 2026 Results
Closed two acquisitions subsequent to quarter end - expanding Industrial MRO and Pro Distribution presence

Increases FY 2026 Net Sales guidance; reiterates Adj. EBITDA and Free Cash Flow guidance

CINCINNATI, April 27, 2026 -- Hillman Solutions Corp. (Nasdaq: HLMN) (the “Company” or “Hillman”), a leading provider of hardware products and merchandising solutions, reported financial results for the thirteen weeks ended March 28, 2026.
First Quarter 2026 Highlights (Thirteen weeks ended March 28, 2026)
•Net sales increased 3.0% to $370.1 million compared to $359.3 million in the prior year quarter
•Net loss totaled $(4.7) million, or $(0.02) per diluted share, compared to $(0.3) million, or $(0.00) per diluted share, in the prior year quarter
•Adjusted diluted EPS1 totaled $0.07 per diluted share compared to $0.10 per diluted share in the prior year quarter
•Adjusted EBITDA1 totaled $50.1 million compared to $54.5 million in the prior year quarter
•Net cash used by operating activities was $(19.5) million compared to $(0.7) million in the prior year quarter
•Free Cash Flow1 totaled $(34.3) million compared to $(21.3) million in the prior year quarter
•Hillman repurchased approximately 1.2 million shares of its common stock at an average price of $8.29 per share, which totaled $10.1 million
•Subsequent to the quarter end, closed two acquisitions:
◦Campbell Chain & Fittings, a premier manufacturer and supplier of industrial chain and related products
◦Delaney Hardware, a U.S.-based supplier of door hardware and builder’s hardware used in residential, multifamily, and commercial construction
1) Denotes Non-GAAP metric. For additional information, including our definitions, use of, and reconciliations of these metrics to the most directly comparable financial measures under GAAP, please see the reconciliations toward the end of the press release.
1


Balance Sheet and Liquidity at March 28, 2026
•Gross debt was $737.8 million compared to $693.1 million on December 27, 2025
•Net debt1 was $710.1 million compared to $665.8 million on December 27, 2025
•Liquidity available totaled $282.4 million; consisting of $254.7 million of available borrowing under the revolving credit facility and $27.7 million of cash and equivalents
•Net debt1 to trailing twelve month Adjusted EBITDA was 2.6x at quarter end compared to 2.4x on December 27, 2025

Management Commentary
"Consistent demand for our hardware products, driven by repair, maintenance, and remodeling projects, coupled with mid-single digit growth in our robotics and digital solutions business ('RDS') drove a solid quarter for Hillman, despite the impact from weather and the macro," commented Jon Michael Adinolfi, President and CEO of Hillman.
"We are raising our full year net sales guidance, driven by the two acquisitions we made subsequent to the end of the quarter. These tuck-in acquisitions support two important strategic initiatives for Hillman: category expansion and pro distribution."
"After the quarter end, we acquired Campbell Chain and Fittings, a premier manufacturer and supplier of industrial chain and chain-related products. This acquisition adds U.S.-based manufacturing and complements our existing retail chain business. Campbell also expands our position within the industrial MRO sector, a key focus area for our future growth.
"Additionally, one week later, we acquired Delaney Hardware, a U.S.-based supplier of door hardware and builder’s hardware used in residential, multifamily, and commercial construction. This acquisition expands our product breadth in our residential pro distribution business.
"We will continue to be laser focused on strengthening our leadership position, executing our strategy to expand across categories and channels, and unlocking meaningful growth opportunities. As we look to the rest of the year, we remain confident in our ability to drive growth and manage this dynamic environment while taking great care of our customers and delivering value for our shareholders.”

Full Year 2026 Guidance - Updated
Based on year-to-date performance and its expectations for the remainder of the year, management is updating its guidance most recently provided on February 17, 2026.
Previous FY 2026 Guidance Updated FY 2026 Guidance
Net Sales $1.600 to $1.700 billion $1.630 to $1.730 billion
Adjusted EBITDA1
$275 to $285 million $275 to $285 million
Free Cash Flow1
$100 to $120 million $100 to $120 million
1) Denotes Non-GAAP metric. For additional information, including our definitions, use of, and reconciliations of these metrics to the most directly comparable financial measures under GAAP, please see the reconciliations toward the end of the press release.
2


First Quarter 2026 Results Presentation
Hillman plans to host a conference call and webcast presentation on April 28, 2026, at 8:30 a.m. Eastern Time to discuss its results. President and Chief Executive Officer Jon Michael Adinolfi and Chief Financial Officer Rocky Kraft will host the results presentation.
Date: Tuesday, April 28, 2026
Time: 8:30 a.m. Eastern Time
Listen-Only Webcast: https://edge.media-server.com/mmc/p/3we7oiaa

A webcast replay will be available approximately one hour after the conclusion of the call using the link above.
Hillman’s quarterly presentation and Form 10-Q are expected to be filed with the SEC and posted to its Investor Relations website, https://ir.hillmangroup.com, prior to the webcast presentation.
About Hillman Solutions Corp.
Founded in 1964 and headquartered in Cincinnati, Hillman is a leading provider of hardware and related products serving retail, pro distribution, and industrial MRO customers. Over the last 60-plus years, Hillman has built a legacy of service and growth by forming strategic partnerships with North America’s leading home improvement, hardware, and farm and fleet retailers. Hillman differentiates itself from the competition with its dedicated field sales team of 1,200+ associates, direct-to-store distribution capabilities, and world class global sourcing and supply chain expertise. The company offers an extensive product portfolio of more than 111,000 SKUs, including fasteners (power screws, nuts, and bolts), hardware (builder’s hardware, door locks, rope & chain, accessories), project gear & supplies (gloves, work gear, paint & cleaning sundries), and key and engraving services (key duplication, auto keys, and engraving). Hillman is committed to delivering exceptional customer service, innovative products, and dependable solutions to its customers and regularly earns vendor of the year recognition from top customers. For more information on Hillman, visit www.hillman.com.
Forward-Looking Statements
All statements made in this press release that are considered to be forward-looking are made in good faith by the Company and are intended to qualify for the safe harbor from liability established by Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the Private Securities Litigation Reform Act of 1995. You should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," “target”, “goal”, "may," "will," "could," "should," "believes," "predicts," "potential," "continue," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, the Company’s expectations with respect to future performance. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside the Company's control and are difficult to predict.
1) Denotes Non-GAAP metric. For additional information, including our definitions, use of, and reconciliations of these metrics to the most directly comparable financial measures under GAAP, please see the reconciliations toward the end of the press release.
3


Factors that may cause such differences include, but are not limited to: (1) unfavorable economic conditions that may affect our and our customers’, suppliers’ and other business partners’ operations, financial condition and cash flows including spending on home renovation or construction projects, inflation, recessions, instability in the financial markets or credit markets; (2) increased supply chain costs, including tariffs, raw materials, sourcing, transportation and energy; (3) the highly competitive nature of the markets that we serve; (4) the ability to continue to innovate with new products and services; (5) seasonality; (6) large customer concentration; (7) the ability to recruit and retain qualified employees; (8) the outcome of any legal proceedings that may be instituted against the Company; (9) adverse changes in currency exchange rates; or (10) regulatory changes and potential legislation that could adversely impact financial results. The foregoing list of factors is not exclusive, and readers should also refer to those risks that are included in the Company’s filings with the Securities and Exchange Commission (“SEC”), including the Annual Report on Form 10-K filed on February 17, 2026. Given these uncertainties, current or prospective investors are cautioned not to place undue reliance on any such forward-looking statements.
Except as required by applicable law, the Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements in this communication to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.
Contact:
Michael Koehler
Vice President – Corporate Development, Investor Relations, Treasury
513-826-5495
IR@hillmangroup.com
1) Denotes Non-GAAP metric. For additional information, including our definitions, use of, and reconciliations of these metrics to the most directly comparable financial measures under GAAP, please see the reconciliations toward the end of the press release.
4


HILLMAN SOLUTIONS CORP.
Condensed Consolidated Statement of Net Loss, GAAP Basis
(dollars in thousands) Unaudited

Thirteen Weeks Ended
March 28, 2026
Thirteen Weeks Ended
March 29, 2025
Net sales $ 370,073  $ 359,343 
Cost of sales (exclusive of depreciation and amortization shown separately below) 201,496  190,740 
Selling, warehouse, general and administrative expenses 124,571  119,052 
Depreciation 21,999  19,395 
Amortization 15,276  15,415 
Other income, net (483) (274)
Income from operations 7,214  15,015 
Interest expense, net 13,005  14,460 
Refinancing costs —  906 
loss before income taxes (5,791) (351)
Income tax benefit (1,059) (34)
Net loss $ (4,732) $ (317)
Basic and diluted loss per share $ (0.02) $ (0.00)
Weighted average basic and diluted shares outstanding 196,626  197,284 


















5


HILLMAN SOLUTIONS CORP.
Condensed Consolidated Balance Sheets
(dollars in thousands)
Unaudited
  March 28, 2026 December 27, 2025
ASSETS
Current assets:
Cash and cash equivalents $ 27,731  $ 27,276 
Accounts receivable, net of allowances of $1,876 ($1,944 - 2025)
138,767  114,926 
Inventories, net 483,323  485,938 
Other current assets 20,066  18,342 
Total current assets 669,887  646,482 
Property and equipment, net of accumulated depreciation of $446,048 ($428,726 - 2025)
224,575  231,482 
Goodwill 830,372  830,747 
Other intangibles, net of accumulated amortization of $607,790 ($592,748 - 2025)
530,707  546,171 
Operating lease right of use assets 77,222  75,152 
Other assets 28,216  26,160 
Total assets $ 2,360,979  $ 2,356,194 
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable $ 139,832  $ 141,662 
Current portion of debt and financing lease liabilities 14,898  14,830 
Current portion of operating lease liabilities 19,432  17,947 
Accrued expenses:
Salaries and wages 10,419  35,790 
Pricing allowances 5,514  8,098 
Income and other taxes 8,429  9,466 
Other accrued liabilities 28,559  29,766 
Total current liabilities 227,083  257,559 
Long-term debt 714,055  668,337 
Deferred tax liabilities 132,061  131,870 
Operating lease liabilities 63,934  63,459 
Other non-current liabilities 7,868  6,462 
Total liabilities $ 1,145,001  $ 1,127,687 
Commitments and contingencies (Note 6)
Stockholders' equity:
Common stock: $0.0001 par value, 500,000,000 shares authorized, 198,945,695 and 196,355,206 issued and outstanding in 2026, respectively, and 197,857,100 and 196,487,532 shares issued and outstanding in 2025, respectively
20  20 
Treasury stock, at cost, 2,590,489 shares in 2026 and 1,369,568 shares in 2025
(22,539) (12,423)
Additional paid-in capital 1,460,059  1,457,422 
Accumulated deficit (183,378) (178,646)
Accumulated other comprehensive loss (38,184) (37,866)
Total stockholders' equity 1,215,978  1,228,507 
Total liabilities and stockholders' equity $ 2,360,979  $ 2,356,194 






6


HILLMAN SOLUTIONS CORP.
Condensed Consolidated Statement of Cash Flows
(dollars in thousands)
Unaudited
  Thirteen Weeks Ended
March 28, 2026
Thirteen Weeks Ended
March 29, 2025
Cash flows from operating activities:
Net loss $ (4,732) $ (317)
Adjustments to reconcile net loss to net cash used for operating activities:
Depreciation and amortization 37,275  34,810 
Deferred income taxes 218  (974)
Deferred financing and original issue discount amortization 1,253  1,257 
Stock-based compensation expense 4,007  3,278 
Loss on debt restructuring —  906 
Cash paid to third parties in connection with debt restructuring —  (906)
Loss (gain) on disposal of property and equipment 14  (139)
Change in fair value of contingent consideration (509) (326)
Changes in operating items:
Accounts receivable, net (24,128) (24,617)
Inventories, net 2,909  7,319 
Other assets (3,950) (2,152)
Accounts payable (1,548) 11,340 
Accrued salaries and wages (25,415) (20,769)
Other accrued expenses (4,927) (9,365)
Net cash used for operating activities (19,533) (655)
Net cash from investing activities
Capital expenditures (14,815) (20,658)
Other investing activities (55) (67)
Net cash used for investing activities (14,870) (20,725)
Cash flows from financing activities:
Repayments of senior term loans (2,128) (2,128)
Borrowings on revolving credit loans 72,162  62,000 
Repayments of revolving credit loans (25,000) (44,000)
Principal payments under finance lease obligations (1,484) (1,270)
Proceeds from exercise of stock options 1,483  306 
Repurchases of common stock (10,116) — 
Payments of contingent consideration (77) (75)
Other financing activities (114) (440)
Net cash provided by financing activities 34,726  14,393 
Effect of exchange rate changes on cash 132  (1,214)
Net increase (decrease) in cash and cash equivalents 455  (8,201)
Cash and cash equivalents at beginning of period 27,276  44,510 
Cash and cash equivalents at end of period $ 27,731  $ 36,309 

7


Reconciliations of Non-GAAP Financial Measures to the Most Directly Comparable GAAP Financial Measures
The Company uses non-GAAP financial measures to analyze underlying business performance and trends. The Company believes that providing these non-GAAP financial measures enhances the Company’s and investors’ ability to compare the Company’s past financial performance with its current performance. These non-GAAP financial measures are provided as supplemental information to the financial measures presented in this press release that are calculated and presented in accordance with GAAP. Non-GAAP financial measures should not be considered a substitute for, or superior to, financial measures determined or calculated in accordance with GAAP. The Company’s definitions of its non-GAAP financial measures may not be comparable to similarly titled measures reported by other companies. Because GAAP financial measures on a forward-looking basis are not accessible, and reconciling information is not available without unreasonable effort, reconciliations to GAAP financial measures are not provided for forward-looking non-GAAP measures. For the same reasons, the Company is unable to address the probable significance of the unavailable information, which could be material to future results.
Non-GAAP financial measures such as consolidated adjusted EBITDA and Adjusted Diluted Earnings per Share (EPS) exclude from the relevant GAAP metrics items that neither relate to the ordinary course of the Company’s business, nor reflect the Company’s underlying business performance.

Reconciliation of Adjusted EBITDA (Unaudited)
(dollars in thousands)
Adjusted EBITDA is a non-GAAP financial measure and is the primary basis used to measure the operational strength and performance of our businesses as well as to assist in the evaluation of underlying trends in our businesses. This measure eliminates the significant level of noncash depreciation and amortization expense that results from the capital-intensive nature of our businesses and from intangible assets recognized in business combinations. It is also unaffected by our capital and tax structures, as our management excludes these results when evaluating our operating performance. Our management use this financial measure to evaluate our consolidated operating performance and the operating performance of our operating segments as well as to allocate resources and capital to our operating segments. Additionally, we believe that Adjusted EBITDA is useful to investors because it is one of the bases for comparing our operating performance with that of other companies in our industries, although our measure of Adjusted EBITDA may not be directly comparable to similar measures used by other companies.

8




Thirteen Weeks Ended
March 28, 2026
Thirteen Weeks Ended
March 29, 2025
Net loss $ (4,732) $ (317)
Income tax benefit (1,059) (34)
Interest expense, net 13,005  14,460 
Depreciation 21,999  19,395 
Amortization 15,276  15,415 
EBITDA $ 44,489  $ 48,919 
Stock compensation expense 4,007  3,278 
Restructuring and other (1)
2,011  1,691 
Transaction and integration expense (2)
92  58 
Change in fair value of contingent consideration (509) (326)
Refinancing costs (3)
—  906 
Total adjusting items 5,601  5,607 
Adjusted EBITDA $ 50,090  $ 54,526 
(1)Includes consulting and other costs associated with severance related to our distribution center relocations and corporate restructuring activities.
(2)Transaction and integration expense includes professional fees and other costs related to acquisition activity, including the to the Campbell Chain and Fittings and Delaney Hardware acquisitions in 2026.
(3)In the first quarter of 2025, we entered into a Repricing Amendment on our existing Senior Term Loan due July 14, 2028.

Reconciliation of Adjusted Diluted Earnings Per Share
(in thousands, except per share data)
Unaudited

We define Adjusted Diluted EPS as reported diluted EPS excluding the effect of one-time, non-recurring activity and volatility associated with our income tax expense. The Company believes that Adjusted Diluted EPS provides further insight and comparability in operating performance as it eliminates the effects of certain items that are not comparable from one period to the next. The following is a reconciliation of reported diluted EPS from continuing operations to Adjusted Diluted EPS from continuing operations:

9




Thirteen Weeks Ended
March 28, 2026
Thirteen Weeks Ended
March 29, 2025
Reconciliation to Adjusted Net Income
Net Loss $ (4,732) $ (317)
Remove adjusting items (1)
5,601  5,607 
Remove amortization expense 15,276  15,415 
Remove tax benefit on adjusting items and amortization expense (2)
(1,506) (1,720)
Adjusted Net Income $ 14,639  $ 18,985 
Reconciliation to Adjusted Diluted Earnings per Share
Diluted Earnings per Share $ (0.02) $ 0.00 
Remove adjusting items (1)
0.03  0.03 
Remove amortization expense 0.08  0.08 
Remove tax benefit on adjusting items and amortization expense (2)
(0.01) (0.01)
Adjusted Diluted Earnings per Share $ 0.07  $ 0.10 
Diluted Shares, as reported 196,626  197,284 
Non-GAAP dilution adjustments:
Dilutive effect of stock options and awards 2,467  2,553 
Adjusted Diluted Shares 199,093  199,837 
Note: Adjusted EPS may not add due to rounding.
(1)Please refer to the "Reconciliation of Adjusted EBITDA" table above for additional information on adjusting items. See the "Per share impact of Adjusting Items" table below for the per share impact of each adjustment.
(2)We have calculated the income tax effect of the non-GAAP adjustments shown above at the applicable statutory rate of 25% for the U.S. and 26.2% for Canada except for the following items:
a.The tax impact of stock compensation expense was calculated using the statutory rates above, excluding certain awards that are non-deductible.
b.Amortization expense for financial accounting purposes was offset by the tax benefit of deductible amortization expense using the statutory rate of 25%.
Per Share Impact of Adjusting Items
Thirteen Weeks Ended
March 28, 2026
Thirteen Weeks Ended
March 29, 2025
Stock compensation expense $ 0.02  $ 0.02 
Restructuring and other costs 0.01 0.01
Transaction and integration expense 0.00 0.00
Change in fair value of contingent consideration 0.00 0.00
Refinancing costs 0.00 0.00
Total adjusting items $ 0.03  $ 0.03 
Note: Adjusting items may not add due to rounding.
10


Reconciliation of Net Debt
We define Net Debt as reported gross debt less cash on hand. Net debt is not defined under U.S. GAAP and may not be computed the same as similarly titled measures used by other companies. The Company believes that Net Debt provides further insight and comparability into liquidity and capital structure. The following is the calculation of Net Debt:
March 28, 2026 December 27, 2025
Revolving loans $ 83,162  $ 36,000 
Senior term loan, due 2028 634,832  636,960 
Finance leases and other obligations 19,851  20,090 
Gross debt $ 737,845  $ 693,050 
Less cash 27,731  27,276 
Net debt $ 710,114  $ 665,774 
Reconciliation of Free Cash Flow
We calculate free cash flow as cash flows from operating activities less capital expenditures. Free cash flow is not defined under U.S. GAAP and may not be computed the same as similarly titled measures used by other companies. We believe free cash flow is an important indicator of how much cash is generated by our business operations and is a measure of incremental cash available to invest in our business and meet our debt obligations.
Thirteen Weeks Ended
March 28, 2026
Thirteen Weeks Ended
March 29, 2025
Net cash used by operating activities $ (19,533) $ (655)
Capital expenditures (14,815) (20,658)
Free cash flow $ (34,348) $ (21,313)

Source: Hillman Solutions Corp.
###
11
EX-99.2 3 hillmanq12026earningscal.htm EX-99.2 hillmanq12026earningscal
Quarterly Earnings Results Presentation Q1 2026 - April 27, 2026


 
2 PresBuilder Placeholder - Delete this box if you see it on a slide, but DO NOT REMOVE this box from the slide layout Forward Looking Statements This presentation contains certain forward-looking statements, including, but not limited to, certain plans, expectations, goals, projections, and statements, which are not historical facts and are subject to numerous assumptions, risks, and uncertainties. Statements that do not describe historical or current facts, including statements about beliefs and expectations, are forward-looking statements. All forward-looking statements are made in good faith by the company and are intended to qualify for the safe harbor from liability established by Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the Private Securities Litigation Reform Act of 1995.You should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," “target”, “goal”, "may," "will," "could," "should," "believes," "predicts," "potential," "continue," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, the Company’s expectations with respect to future performance. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside the Company's control and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) unfavorable economic conditions that may affect operations, financial condition and cash flows including spending on home renovation or construction projects, inflation, recessions, instability in the financial markets or credit markets; (2) increased supply chain costs, including tariffs, raw materials, sourcing, transportation and energy; (3) the highly competitive nature of the markets that we serve; (4) the ability to continue to innovate with new products and services; (5) seasonality; (6) large customer concentration; (7) the ability to recruit and retain qualified employees; (8) the outcome of any legal proceedings that may be instituted against the Company; (9) adverse changes in currency exchange rates; or (10) regulatory changes and potential legislation that could adversely impact financial results. The foregoing list of factors is not exclusive, and readers should also refer to those risks that are included in the Company’s filings with the Securities and Exchange Commission (“SEC”), including its Annual Report on Form 10-K for the fiscal year ended December 27, 2025 filed on February 17, 2026. Given these uncertainties, current or prospective investors are cautioned not to place undue reliance on any such forward looking statements. Except as required by applicable law, the Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements in this communication to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based. Presentation of Non-GAAP Financial Measures In addition to the results provided in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”) throughout this presentation the company has provided non-GAAP financial measures, which present results on a basis adjusted for certain items. The company uses these non-GAAP financial measures for business planning purposes and in measuring its performance relative to that of its competitors. The company believes that these non-GAAP financial measures are useful financial metrics to assess its operating performance from period-to-period by excluding certain items that the company believes are not representative of its core business. These non-GAAP financial measures are not intended to replace, and should not be considered superior to, the presentation of the company’s financial results in accordance with GAAP. The use of the non-GAAP financial measures terms may differ from similar measures reported by other companies and may not be comparable to other similarly titled measures. These non-GAAP financial measures are reconciled from the respective measures under GAAP in the appendix below. The company is not able to provide a reconciliation of the company’s non-GAAP financial guidance to the corresponding GAAP measures without unreasonable effort because of the inherent difficulty in forecasting and quantifying certain amounts necessary for such a reconciliation such as certain non-cash, nonrecurring or other items that are included in net income and EBITDA as well as the related tax impacts of these items and asset dispositions / acquisitions and changes in foreign currency exchange rates that are included in cash flow, due to the uncertainty and variability of the nature and amount of these future charges and costs.


 
3 • Net sales increased 3.0% to $370.1 million versus Q1 2025 ◦ Hardware and Protective Solutions ("HPS") increased +1.2% ◦ Robotics and Digital Solutions ("RDS") increased +6.0% ◦ Canada increased +15.1% • GAAP net loss totaled $(4.7) million, or $(0.02) per diluted share, compared to $(0.3) million, or $(0.00) per diluted share, in Q1 2025 • Adjusted Gross Margins were 45.6% compared to 46.9% in Q1 2025 • Adjusted EBITDA totaled $50.1 million compared to $54.5 million in Q1 2025 • Adjusted EBITDA margins were 13.5% compared to 15.2% in Q1 2025 • Net Debt / Adjusted EBITDA (ttm): 2.6x at quarter end, compared to 2.4x on December 27, 2025 Q1 2026 Financial Review Please see reconciliation tables in the Appendix of this presentation for non-GAAP metrics. Highlights for the 13 Weeks Ended March 28, 2026


 
4 Q1 2026 Operational Review Highlights for the 13 Weeks Ended March 28, 2026 • Continued taking great care of customers: ◦ YTD fill rates continued to be in the "high ninety percent" range • During the quarter, Hillman continued to optimize its "dual faucet" supply chain strategy: ◦ Dual source products in different countries ◦ Diversify the country of origin to optimize total landed product cost while mitigating tariff impact • Repurchased 1.2 million shares of common stock at an average price of $8.29 per share, which totaled $10.1 million • Closed two acquisitions subsequent to the quarter end: ◦ Campbell Chain & Fittings - Expands Industrial MRO Presence • Expected to add $20m of Net Sales to Hillman in 2026 ◦ Delaney Hardware - Expands Pro Distribution Categories Adding Door Hardware • Expected to add $10m of Net Sales to Hillman in 2026


 
5 Quarterly Financial Performance Adjusted EBITDA (millions $ and % of Net Sales) Please see reconciliation of Non-GAAP metrics Adjusted EBITDA and Adjusted Gross Margin in the Appendix of this presentation. Not to scale. Net Sales (millions $) Adjusted Gross Margin (millions $ and % of Net Sales) $54.5 $50.1 Q1 2025 Q1 2026 13.5%15.2% $168.6 $168.6 Q1 2025 Q1 2026 $359.3 $370.1 Q1 2025 Q1 2026 45.6%46.9%


 
6 Hardware & Protective Q1 2026 Q1 2025 Δ Thirteen weeks ended 3/28/2026 3/29/2025 Revenues $281,308 $278,009 1.2% Adjusted EBITDA $31,896 $38,259 (16.6)% Margin (Adj. EBITDA/Net Sales) 11.3% 13.8% (250) bps Robotics & Digital Q1 2026 Q1 2025 Δ Thirteen weeks ended 3/28/2026 3/29/2025 Revenues $56,062 $52,910 6.0% Adjusted EBITDA $16,200 $14,537 11.4% Margin (Adj. EBITDA/Net Sales) 28.9% 27.5% 140 bps Canada Q1 2026 Q1 2025 Δ Thirteen weeks ended 3/28/2026 3/29/2025 Revenues $32,703 $28,424 15.1% Adjusted EBITDA $1,994 $1,730 15.3% Margin (Adj. EBITDA/Net Sales) 6.1% 6.1% 0 bps Consolidated Q1 2026 Q1 2025 Δ Thirteen weeks ended 3/28/2026 3/29/2025 Revenues $370,073 $359,343 3.0% Adjusted EBITDA $50,090 $54,526 (8.1)% Margin (Adj. EBITDA/Net Sales) 13.5% 15.2% (170) bps Quarterly Performance by Product Category Please see reconciliation of Adjusted EBITDA to Net Income in the Appendix of this presentation. Figures in Thousands of USD unless otherwise noted. • Top Row: ◦ 27 point height ◦ 16 font (work sans) ◦ 4 point white bottom line • First Column green ◦ Dark: CFD9D1 ◦ Light: D9E1DA • Other Columns gray ◦ Dark: D9D9D9 ◦ Light E0E0E0 ◦ 1 point white bottom and inside lines


 
7 Hardware & Protective Robotics & Digital Canada Total Revenue Thirteen weeks ended March 28, 2026 Fastening and Hardware $224,916 $— $28,827 $253,743 Personal Protective 56,392 — 1,330 57,722 Keys and Key Fobs — 46,930 2,538 49,468 Engraving and Resharp — 9,132 8 9,140 Total Revenue $281,308 $56,062 $32,703 $370,073 Quarterly Revenue by Product Category Hardware & Protective Robotics & Digital Canada Total Revenue Thirteen weeks ended March 29, 2025 Fastening and Hardware $209,548 $— $25,050 $234,598 Personal Protective 68,461 — 1,231 69,692 Keys and Key Fobs — 42,979 2,136 45,115 Engraving and Resharp — 9,931 7 9,938 Total Revenue $278,009 $52,910 $28,424 $359,343 Figures in Thousands of USD unless otherwise noted.


 
8 Hillman’s Diversified Supply Chain ◦ Over the past several years, Hillman has lowered its exposure to suppliers based in China ◦ Hillman continues to accelerate its “Dual Faucet” strategy; sourcing from multiple suppliers in multiple countries ◦ Hillman has the capability to reduce China exposure to ~10% by end of 2026, while actual sourcing mix will continue to be determined by lowest total landed cost ◦ Hillman remains focused on delivering quality products at the best overall value for its customers, no matter the country of origin 2018 SUPPLIER COUNTRY OF ORIGIN Approximate Spend FY China 49% North America 24% Rest of World 27% 2025 SUPPLIER COUNTRY OF ORIGIN Approximate Spend FY China 32% North America 30% Rest of World 38% Management estimates


 
9 Total Net Leverage (Net Debt / TTM Adj. EBITDA) Capital Structure March 28, 2026 millions $ ABL Revolver ($254.7m available) $83.2 Term Note $634.8 Finance Leases and Other Obligations $19.9 Total Debt $737.8 Cash $27.7 Net Debt $710.1 TTM Adjusted EBITDA $270.9 Net Debt/ TTM Adjusted EBITDA 2.6x Leverage holding near 2.5x target; while buying back stock and executing M&A Please see reconciliation of Non-GAAP metrics Adjusted EBITDA and Net Debt in the Appendix of this presentation. 2.9x 2.7x 2.5x 2.4x 2.6x 03 /2 9/ 20 25 06 /2 8/ 20 25 09 /2 7/ 20 25 12 /2 7/ 20 25 03 /2 8/ 20 26


 
10 2026 Full Year Guidance (in millions USD) Previous FY 2026 Guidance Range Updated FY 2026 Guidance Range Net Sales $1.600 to $1.700 billion $1.630 to $1.730 billion Adjusted EBITDA $275 to $285 million $275 to $285 million Free Cash Flow $100 to $120 million $100 to $120 million On April 27, 2026, Hillman increased its Net Sales guidance; while reiterating its Adjusted EBITDA and Free Cash Flow guidance. Please see reconciliation of Non-GAAP metrics in the Appendix of this presentation.


 
11 Key Takeaways Resilient Business; M&A Active; Playing to Win • Business has 60+ year track record of success; proven to be resilient through multiple economic cycles with great long-term partnerships with customers • Hillman products are utilized for repair, maintenance and remodel projects; products are generally low-cost and a very small percentage of a given project • 1,200-member sales and service team and direct-to-store fulfillment continue to provide competitive advantages and strengthen competitive moat - drives new business wins • Hillman continues "Dual Faucet" strategy to diversify its supply chain to optimize costs and value; working to mitigate higher costs Long Term Financial Objectives Please see reconciliation of Adjusted EBITDA to Net Income in the Appendix of this presentation. Figures in Thousands of USD unless otherwise noted.


 
12 Long Term Financial Targets Hillman outlined its path to $2.5 Billion of Net Sales at its Inaugural Investor Day, held on March 19, 2026 Targeting an 8%-12% revenue CAGR over the next 5 years driven by multiple levers


 
Appendix


 
14 Investment Highlights Significant runway for incremental growth: Organic + M&A Management team with proven operational and M&A expertise Strong financial profile with 60+ year track record Market and innovation leader across multiple categories Indispensable partner embedded with winning retailers Customers love us, trust us and rely on us Large, predictable, growing and resilient end markets


 
15 Hillman: Overview Who We Are *Management Estimates Adjusted EBITDA is a non-GAAP measure. Please see Appendix for a reconciliation of Adjusted EBITDA to Net loss ~18 billion Fasteners Sold ~214 million Pairs of Work Gloves Sold ~105 million Keys Duplicated ~111,000 SKUs Managed ~29,000 Direct Shipping Retail Locations ~31,500 Kiosks in Retail Locations #1 Position Across Core Categories* 7.3% Sales CAGR over past 20 years 62-Year Track record of success $1.6 billion 2025 Sales 10.2% CAGR 2018-2025 Adj. EBITDA Growth 17.7% 2025 Adj. EBITDA Margin 2025: By The Numbers • We are a leading North American provider of hardware products and solutions, including; ◦ Hardware and home improvement products ◦ Protective and job site gear – including work gloves and job site storage ◦ Robotic kiosk technologies (“RDS”): Key duplication, engraving & knife sharpening • Our differentiated service model provides direct to-store shipping, in-store service, and category management solutions • We have long-standing strategic partnerships with leading retailers across North America: ◦ Home Depot, Lowes, Walmart, Tractor Supply, and ACE Hardware • Founded in 1964; HQ in Cincinnati, Ohio


 
16 #1 in Segment Representative Top Customers #1 in Segment #1 in Segment Key, Auto and Fob Duplication Personalized Tags Knife Sharpening Fasteners & Specialty Gloves Builders Hardware & Metal Shapes Safety / PPE Construction Fasteners / Power Screws Work Gear Picture Hanging Source: Third party industry report and management estimates. Primary Product Categories Hardware Solutions Robotics & Digital SolutionsProtective Solutions Rope & Chain


 
17 Thirteen weeks ended March 28, 2026 March 29, 2025 Net loss $(4,732) $(317) Income tax benefit (1,059) (34) Interest expense, net 13,005 14,460 Depreciation 21,999 19,395 Amortization 15,276 15,415 EBITDA $44,489 $48,919 Stock compensation expense 4,007 3,278 Restructuring and other (1) 2,011 1,691 Transaction and integration expense (2) 92 58 Change in fair value of contingent consideration (509) (326) Refinancing costs (3) — 906 Adjusted EBITDA $50,090 $54,526 Adjusted EBITDA Reconciliation Footnotes: 1. Includes consulting and other costs associated with severance related to our distribution center relocations and corporate restructuring activities. 2. Transaction and integration expense includes professional fees and other costs related to acquisition activity, including the to the Campbell Chain and Fittings and Delaney Hardware acquisitions in 2026. 3. In the first quarter of 2025, we entered into a Repricing Amendment (2025 Repricing Amendment) on our existing Senior Term Loan due July 14, 2028.


 
18 Thirteen weeks ended March 28, 2026 March 29, 2025 Net Sales $370,073 $359,343 Cost of sales (exclusive of depreciation and amortization) 201,496 190,740 Gross margin exclusive of depreciation and amortization $168,577 $168,603 Gross margin exclusive of depreciation and amortization % 45.6 % 46.9 % Adjusting Items: — — Adjusted Gross Profit $168,577 $168,603 Adjusted Gross Margin % 45.6 % 46.9 % Adjusted Gross Margin Reconciliation


 
19 Thirteen weeks ended March 28, 2026 March 29, 2025 Net sales $370,073 $359,343 Selling, general and administrative expenses 124,571 119,052 SG&A as a % of Net Sales 33.7 % 33.1 % SG&A Adjusting Items (1): Stock compensation expense 4,007 3,278 Restructuring 2,011 1,691 Acquisition and integration expense 92 58 Adjusted SG&A $118,461 $114,025 Adjusted SG&A as a % of Net Sales 32.0 % 31.7 % Adjusted SG&A Expense Reconciliation 1. See adjusted EBITDA Reconciliation for details of adjusting items


 
20 As of March 28, 2026 December 27, 2025 Revolving loans $83,162 $36,000 Senior term loan 634,832 636,960 Finance leases and other obligations 19,851 20,090 Gross debt $737,845 $693,050 Less cash 27,731 27,276 Net debt $710,114 $665,774 Net Debt & Free Cash Flow Reconciliations Thirteen weeks ended March 28, 2026 March 29, 2025 Net cash used by operating activities $(19,533) $(655) Capital expenditures (14,815) (20,658) Free cash flow $(34,348) $(21,313) Reconciliation of Net Debt Reconciliation of Free Cash Flow


 
21 Thirteen weeks ended March 28, 2026 HPS RDS Canada Operating income $4,011 $2,655 $548 Depreciation & amortization 22,491 13,557 1,227 Stock compensation expense 3,511 315 181 Restructuring and other 1,791 182 38 Transaction and integration expense 92 — — Change in fair value of contingent consideration — (509) — Adjusted EBITDA $31,896 $16,200 $1,994 Thirteen weeks ended March 29, 2025 HPS RDS Canada Operating income $11,470 $3,056 $489 Depreciation & amortization 22,076 11,553 1,181 Stock compensation expense 2,848 231 199 Restructuring 1,809 21 (139) Transaction and integration expense 56 2 — Change in fair value of contingent consideration — (326) — Adjusted EBITDA $38,259 $14,537 $1,730 Segment Adjusted EBITDA Reconciliations


 
22 Return on Invested Capital Return on Invested Capital ("ROIC") 52 Weeks Ended December 27, 2025 Operating income $ 113,969 Remove income tax expense (1) 28,492 Plus legacy intangible amortization (2) (36,912) Adjusted operating income $ 122,389 Current portion of debt and finance lease obligations $ 14,830 Long-term debt 668,337 Stockholders Equity 1,228,507 Legacy goodwill and intangible assets, net of amortization (3) (988,129) Invested capital $ 923,545 Average invested capital (4) $ 893,459 Return on invested capital (5) 13.7 % 1. Income tax expense calculated using the U.S. statutory rate of 25% 2. Amortization of intangible assets generated by the 2014 acquisition of Hillman by the private equity ownership group prior to our going public. 3. Goodwill and intangible assets generated by the 2014 acquisition mentioned in the note above 4. The average of the invested capital from the end of the current year and the pervious year 5. Adjusted income from operations divided by invested capital