Hillman Solutions 2025 Q3 Earnings Net Income Surges 212% Amid Record Sales

Hillman Solutions (HLMN) reported fiscal 2025 Q3 results on November 5, 2025, with revenue rising 8.0% to $424.94 million and net income surging 212% to $23.19 million. The company raised adjusted EBITDA guidance to $270–$275 million, reflecting margin gains, while revenue met estimates. Despite a 6.63% weekly stock decline, the Zacks Rank #3 (Hold) suggests neutral near-term expectations.

Revenue

Hillman’s third-quarter revenue grew to $424.94 million, driven by price increases and acquisitions. Fastening and hardware led with $282.44 million, while personal protective equipment contributed $81.33 million. Keys and key fobs added $51.33 million, and engraving/resharp services totaled $9.85 million. The Hardware and Protective Solutions segment saw a 10% increase, with adjusted EBITDA rising 57.3% to $65.8 million.

Earnings/Net Income

Earnings per share (EPS) soared 200% to $0.12, with net income climbing 212% to $23.19 million. Adjusted EBITDA reached $88.0 million, up 36% year-over-year. Despite a 2.06% monthly stock decline, the company’s profitability improvements and operational efficiency underscored a strong performance.

Post-Earnings Price Action Review

Following the earnings release, Hillman’s stock edged up 2.97% on the day but dropped 6.63% over the week and 2.06% month-to-date. Analysts noted mixed sentiment, with the Zacks Rank #3 (Hold) reflecting balanced expectations. The stock’s near-term trajectory remains tied to management’s ability to sustain margin gains and navigate tariff challenges.

CEO Commentary

CEO Jon Adinolfi highlighted a record quarter, emphasizing resilience amid market headwinds. “We achieved the highest net sales and adjusted EBITDA in our 61-year history,” he stated, attributing success to operational efficiency and strategic pricing actions. The company reiterated full-year revenue guidance of $1.535–$1.575 billion and raised EBITDA targets to $270–$275 million.

Guidance

Hillman expects 2025 full-year net sales to reach $1.555 billion (midpoint) and adjusted EBITDA of $272.5 million. For 2026, management forecasts high single- to low double-digit sales growth, with adjusted EBITDA expanding in the low to mid-single digits, contingent on stable tariff environments.

Additional News

Hillman executed a $3.2 million share repurchase under its $100 million buyback program, reflecting confidence in its balance sheet. The company maintained a leverage ratio of 2.4x, demonstrating disciplined debt management. Additionally, management emphasized strategic supplier diversification, including a dual faucet sourcing approach, to mitigate tariff impacts.