Hillman Solutions Corp. Files Q2 2024 10-Q
Ticker: HLMN · Form: 10-Q · Filed: Aug 6, 2024 · CIK: 1822492
Sentiment: neutral
Topics: 10-Q, financials, reporting
TL;DR
Hillman Solutions Q2 10-Q is in! Check financials for latest performance.
AI Summary
Hillman Solutions Corp. filed its 10-Q for the period ending June 29, 2024. The filing details financial performance and operational updates for the second quarter. Specific financial figures and segment performance are outlined within the report, providing insight into the company's current standing.
Why It Matters
This filing provides investors with the latest financial results and operational details for Hillman Solutions Corp., crucial for understanding the company's performance and making informed investment decisions.
Risk Assessment
Risk Level: medium — As a 10-Q filing, it contains detailed financial information which can reveal both positive and negative trends, impacting investment risk.
Key Numbers
- N/A — Revenue (Specific revenue figures for the quarter are not directly extractable from the provided text snippet.)
- N/A — Net Income (Specific net income figures for the quarter are not directly extractable from the provided text snippet.)
- N/A — Earnings Per Share (Specific EPS figures for the quarter are not directly extractable from the provided text snippet.)
Key Players & Entities
- Hillman Solutions Corp. (company) — Filer of the 10-Q
- Landcadia Holdings III, Inc. (company) — Former name of Hillman Solutions Corp.
- 20240629 (date) — End of the reporting period
- 20240806 (date) — Filing date
FAQ
What were Hillman Solutions Corp.'s total revenues for the quarter ended June 29, 2024?
The provided text snippet does not contain specific revenue figures for the quarter ended June 29, 2024.
What is the net income or loss reported by Hillman Solutions Corp. for the second quarter of 2024?
Specific net income or loss figures for the second quarter of 2024 are not detailed in the provided text.
What were the key financial metrics for Hillman Solutions Corp. in the comparative period of 2023?
The filing mentions comparative periods such as 2023-04-02 to 2023-07-01 and 2023-01-01 to 2023-07-01, but specific financial results are not detailed in this snippet.
What is the company's fiscal year end?
Hillman Solutions Corp.'s fiscal year ends on December 28.
When did Hillman Solutions Corp. change its name from Landcadia Holdings III, Inc.?
The company changed its name from Landcadia Holdings III, Inc. on August 25, 2020.
Filing Stats: 4,594 words · 18 min read · ~15 pages · Grade level 17.2 · Accepted 2024-08-06 07:37:42
Key Financial Figures
- $0.0001 — ich Registered Common Stock, par value $0.0001 per share HLMN The Nasdaq Stock Market
- $173 — final net working capital adjustment of $173, which reduced goodwill and the purchas
- $23,956 — ce of the acquisition from an estimated $23,956 at closing in the first quarter of 2024
- $12,291 — ix weeks ended June 29, 2024 Net sales $12,291 $21,456 Operating income 1,795 2,63
- $21,456 — ended June 29, 2024 Net sales $12,291 $21,456 Operating income 1,795 2,631 Pro f
Filing Documents
- hlm-20240629.htm (10-Q) — 1353KB
- ex102-hillmanxamendmentno5.htm (EX-10.2) — 64KB
- ex103-hillmanxamendedandre.htm (EX-10.3) — 2336KB
- exhibit311-62924.htm (EX-31.1) — 10KB
- exhibit312-62924.htm (EX-31.2) — 10KB
- exhibit321-62924.htm (EX-32.1) — 4KB
- exhibit322-62924.htm (EX-32.2) — 4KB
- hlm-20240629_g1.jpg (GRAPHIC) — 626KB
- 0001822492-24-000140.txt ( ) — 11242KB
- hlm-20240629.xsd (EX-101.SCH) — 39KB
- hlm-20240629_cal.xml (EX-101.CAL) — 68KB
- hlm-20240629_def.xml (EX-101.DEF) — 209KB
- hlm-20240629_lab.xml (EX-101.LAB) — 453KB
- hlm-20240629_pre.xml (EX-101.PRE) — 357KB
- hlm-20240629_htm.xml (XML) — 1249KB
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION
Condensed Consolidated Financial Statements (Unaudited)
Item 1. Condensed Consolidated Financial Statements (Unaudited) Condensed Consolidated Balance Sheets 1 Condensed Consolidated Statements of Comprehensive Income (Loss ) 2 Condensed Consolidated Statements of Cash Flows 3 Condensed Consolidated Statements of Stockholders' Equity 3 Notes to Condensed Consolidated Financial Statements 5 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 21 Item 3.
Quantitative and Qualitative Disclosures about Market Risk
Quantitative and Qualitative Disclosures about Market Risk 33 Item 4.
Controls and Procedures
Controls and Procedures 34
OTHER INFORMATION
PART II. OTHER INFORMATION Item 1.
Legal Proceedings
Legal Proceedings 35 Item 1A.
Risk Factors
Risk Factors 35 Item 2. Unregistered Sales of Equity Securities, Use of Proceeds , and Issuer Purchases of Equity Securities 35
Defaults upon Senior Securities
Item 3. Defaults upon Senior Securities 35
Mine Safety Disclosures
Item 4. Mine Safety Disclosures 35
Other Information
Item 5. Other Information 35
Exhibits
Item 6. Exhibits 36
SIGNATURES
SIGNATURES 37 Table of Contents HILLMAN SOLUTIONS CORP. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (dollars in thousands) As of June 29, 2024 As of December 30, 2023 ASSETS Current assets: Cash and cash equivalents $ 54,016 $ 38,553 Accounts receivable, net of allowances of $ 2,477 ($ 2,770 - 2023) 130,505 103,482 Inventories, net 411,928 382,710 Other current assets 21,324 23,235 Total current assets 617,773 547,980 Property and equipment, net of accumulated depreciation of $ 358,874 ($ 333,875 - 2023) 212,428 200,553 Goodwill 827,400 825,042 Other intangibles, net of accumulated amortization of $ 500,617 ($ 470,791 - 2023) 627,671 655,293 Operating lease right of use assets 83,539 87,479 Other assets 16,305 14,754 Total assets $ 2,385,116 $ 2,331,101 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 170,548 $ 140,290 Current portion of debt and finance lease liabilities 11,416 9,952 Current portion of operating lease liabilities 15,459 14,407 Accrued expenses: Salaries and wages 28,324 22,548 Pricing allowances 6,287 8,145 Income and other taxes 10,021 6,469 Other accrued liabilities 24,504 21,309 Total current liabilities 266,559 223,120 Long-term debt 732,097 731,708 Deferred tax liabilities 129,748 131,552 Operating lease liabilities 74,794 79,994 Other non-current liabilities 7,476 10,198 Total liabilities $ 1,210,674 $ 1,176,572 Commitments and contingencies (Note 6) Stockholders' equity: Common stock, $ 0.0001 par, 500,000,000 shares authorized, 196,156,159 issued and outstanding at June 29, 2024 and 194,913,124 issued and outstanding at December 30, 2023 20 20 Additional paid-in capital 1,431,862 1,418,535 Accumulated deficit ( 225,163 ) ( 236,206 ) Accumulated other comprehensive loss ( 32,277 ) ( 27,820 ) Total stockholders' equity 1,174,442 1,154,529 Total liabilities and stockholders' equity $ 2,385,116 $ 2,331,101 The accompanying Notes are an integr