Business
The Hillman Group Reports Second Quarter and Year-to-Date 2021 Results
Exhibit 99.1 CINCINNATI, July 29, 2021 (GLOBE NEWSWIRE) -- The Hillman Companies, Inc. (NYSE-AMEX: HLM.PR) (the “Company” or “Hillman”) reported today
About this update from Hillman Solutions Corp.
[{"type":"text","content":"Exhibit 99.1 CINCINNATI, July 29, 2021 (GLOBE NEWSWIRE) -- The Hillman Companies, Inc. (NYSE-AMEX: HLM.PR) (the “Company” or “Hillman”) reported today selected financial results for the twenty-six weeks ended June 26, 2021. Second Quarter 2021 Highlights Net sales for the second quarter of 2021 increased 8.4% to $375.7 million as compared to prior year quarter net sales of $346.7 millionOperating income decreased 5.9% to $19.5 million compared to $20.7 million in the prior year second quarterAdjusted EBITDA1 increased 4.6% to $64.5 million compared to $61.6 million in the prior year quarter Year-to-Date 2021 Highlights Net sales for the twenty-six weeks ended June 26, 2021 increased 11.6% to $717.0 million as compared to $642.5 million in 2020Operating income for the twenty-six weeks ended June 26, 2021 decreased 16.2% to $25.3 million as compared to $30.2 million in 2020Adjusted EBITDA1 for the twenty-six weeks ended June 26, 2021 increased 8.9% to $112.3 million compared to $103.1 million in 2020 Doug Cahill, Chairman, President and Chief Executive Officer, stated, “It has been an exciting time for Hillman with the closing of the transaction with Landcadia III and on July 15th ringing the bell and becoming a publicly traded company on Nasdaq under the symbol 'HLMN'. With the transaction complete and the recapitalization of our balance sheet, we are even better positioned to do what we do best, solved complexity, labor and logistics problems for best-in-class retailers from big box to your local hardware stores. I can't remember a time in the hardware and home improvement business when these were more important to our retailers than they are right now.\" Conference Call and Webcast The Company will host a conference call to discuss the financial results for the thirteen and twenty-six weeks ended June 26, 2021 on Friday, July 30, 2021, at 10:00 am Eastern time. Participants may join the call by dialing 1-(866)-673-2033, passcode: 8163153, a few minutes before the call start time. A live audio webcast of the conference call will also be available in a listen-only mode on the Investor Info page of the Company’s website, which is located at www.ir.hillmangroup.com. Participants who want to access the webcast should visit the company's website about five minutes before the call. The archived webcast will be available for replay on ...