hillman solutions investor relations

Taiwan steel is up 7% in Q2 and then you know what's going on in U.S. Steel, I mean, it went up 33% from February to March and another 6% March to April. Rocky will shed more light on these three in just a minute.Our Canadian segment which makes up about 10% of our overall revenue decreased 5.1% compared to a year-ago quarter. Source: Hillman . The last five or six weeks or the first five or six weeks of this quarter, can you kind of compare the run rate? It is our expectation that we'll generate free cash flow and reduce our debt throughout the year, which Rocky will touch on shortly.Now turning to price and cost. We maintain our belief that during 2023 our net sales will be between USD1.45 billion and USD1.55 billion. I think the one other thing, Stephen, it is crazy what the container costs have done versus where they were. . Founded in 1964 and headquartered in Cincinnati, Ohio, Hillman is a leading North American provider of complete hardware solutions, delivered with industry best customer service to over 40,000 locations. Investors who anticipate trading during these times are strongly advised to use limit orders. To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research. Investors may trade in the Pre-Market (4:00-9:30 a.m. So I guess I'm curious, did you get the $120 million back? the hillman difference our team is your team 1,100 team members work alongside our partners to solve for better store experiences, aisle-by-aisle every day. So nothing there. Yeah, I think, Michael, if you just -- I mean, I always hate when CEOs talk about weather, but at the end of the day, anybody in North America knows that there just wasn't much of a spring yet. All forward-looking statements attributable to the Company or persons acting on our behalf are expressly qualified in their entirety by the cautionary statements included in this press release; they should not be regarded as a representation by the Company or any other individual. Hillman Solutions Corp. (HLMN) Latest Press Releases Yes, so for us, let's talk about hardware solutions, Ruben. Diluted shares on a GAAP basis for the thirteen weeks ended December 25, 2021 includes the dilutive impact of 1,863 options and awards. Yeah, Dave, I would -- I'm happy to report, we are not, at this point seeing that as a gating issue. Would you mind talking a little bit about the timeline of the rollout that you're kind of looking at right now and what you're kind of expecting through '23 and '24? Adjusted EBITDA as presented herein does not include certain adjustments and pro forma run rate measures contemplated by our senior secured credit facilities and our indenture and may also include additional adjustments that were not applicable at the time of the offering of the senior notes governed by our indenture. CINCINNATI, Oct. 13, 2022 (GLOBE NEWSWIRE) -- Hillman Solutions Corp. ( Nasdaq: HLMN) (the "Company" or "Hillman"), a leading provider of hardware products and . Yeah, I think when you think about our repair and maintenance, no issue remodel, you could argue that in the move-up market, we're not seeing quite that where people (inaudible) down. Cahill went on to say, "At Hillman, we are in the business of solving labor, logistics, and supply chain challenges for our customers so they can stay in stock and service their consumers. This was offset by a 5% lift from price increases executed during 2022. Good morning and welcome to the First Quarter 2023 Results Presentation for Hillman Solutions Corp. My name is Amber and I will be your conference call operator today. A live audio webcast of the conference call will also be available in a listen-only mode on the Investor Info page of the Companys website, which is located at www.ir.hillmangroup.com. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. Unless specified in this footnote, we have calculated the income tax effect of the non-gaap adjustments shown above at the applicable statutory rate of 25.2% for the U.S. and 26.5% for Canada. Despite PS' slow start to the year, we have all of our promotional activity locked in for the remainder of the year. We've got a bunch of ACE Hardwares. Restructuring includes restructuring costs associated with restructuring in our Canada segment announced in 2018, including facility consolidation, severance, sale of property and equipment, and charges relating to exiting certain lines of business. 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. Register for your free account today atdata.nasdaq.com. Hillman Announces Participation at Upcoming Investor Conferences During Information regarding our use of and reconciliations of these measures to our GAAP results are available in our earnings call slide presentation.With that, it's my pleasure to turn the call over to our Chairman, President and CEO, Doug Cahill. How we use your information depends on the product and service that you use and your relationship with us. We continue to invest in our RDS equipment and merchandising racks, important parts of our high-return CapEx initiatives.Net inventories were $450.9 million, down $38 million sequentially from $489.3 million last quarter. NASDAQ does not use this value to determine compliance with the listing requirements. We have about 300 to 350 that are available and we've not decided exactly where those are going to go yet. All statements other than statements of historical fact included in this presentation are forward-looking statements made in good faith by the company and are intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. Doug, I think you mentioned that you had renegotiated your transportation costs for '24 now and that it was $120 million increase last time you did it. EQS Asia Limited / EQS TodayIR Limited 14/F, Amber Commercial Building 70-74 Morrison Hill Road Wan Chai, Hong Kong. Real-time bid and ask information is powered by Nasdaq Basic, a premier market data solution. Hillman Publishes Inaugural ESG Fact Sheet for 2022 - Yahoo Finance 15 minutes unless otherwise indicated (view About HillmanFounded in 1964 and headquartered in Cincinnati, Ohio, Hillman is a leading North American provider of complete hardware solutions, delivered with industry best customer service to over 40,000 locations. For more information on Hillman, visit www.hillmangroup.com. Hillman designs innovative product and merchandising solutions for complex categories that deliver an outstanding customer experience to home improvement centers, mass merchants, national and regional hardware stores, pet supply stores, and OEM & Industrial customers. Adjustments to reconcile net loss to net cash (used for) provided by operating activities: Loss on dispositions of property and equipment, Deferred financing and original issue discount amortization, Loss on debt restructuring, net of third party fees paid, Change in fair value of warrant liabilities, Change in fair value of contingent consideration, Other non-cash interest and change in value of interest rate swap, Net cash (used for) provided by operating activities, Acquisitions of businesses, net of cash acquired, Borrowings on senior term loans, net of discount, Proceeds from recapitalization of Landcadia, net of transaction costs, Proceeds from sale of common stock in PIPE, net of issuance costs, Repayment of Junior Subordinated Debentures, Principal payments under capitalized lease obligations, Net cash provided by (used for) financing activities, Net (decrease) increase in cash and cash equivalents, Cash and cash equivalents at beginning of period, Cash and cash equivalents at end of period, Mark-to-market adjustment on interest rate swaps, Change in fair value of warrant liability. The other advantage we have with Kansas City that we actually didn't see coming, we hoped, but we didn't know is we're now able to bring containers from Asia all the way to Kansas City without touching them and the shipping companies are taking that responsibility whereas before you would have had to unload, put in a different container and bring them across. There is no tax impact to adjusted EPS related to the warrant mark to market adjustment. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Hillmans earnings release, quarterly presentation, and 10-Q are expected to be filed with the SEC and posted to its website, https://ir.hillmangroup.com, before the webcast presentation begins. So that's being optimized right now. Litigation expense includes legal fees associated with our litigation with KeyMe, Inc. and Hy-Ko Products Company LLC. Can you just remind us how that works and how we should expect the highest cost inventory to flow through Canada versus the stuff that's coming through the U.S. P&L today? Founded in 1964 and headquartered in Cincinnati, Ohio, Hillman Solutions Corp. ("Hillman") and its subsidiaries are leading North American providers of complete hardware solutions, delivered with outstanding customer service to over 40,000 locations. Adjusted EBITDA in the quarter totaled $40.2 million. HLMNs beta can be found in Trading Information at the top of this page. The improvement was driven by 6% of realized price increases that were implemented over the past 12 months and a volume increase of just under 2%. We ended the first quarter of 2023 with $876.9 million of total net debt outstanding, down $11 million from the $887.7 million at the end of '22. Net Debt is a non-GAAP financial measure. We do have a few discretionary things like pet engraving and like key accessories, which are impacted by the consumer tightening the belt.But again, we're not in that category for the repair, remodel. Includes charges related to a restructuring plan announced in our United States business in the fourth quarter of 2019, including severance related to management realignment and the integration of sales and operating functions. EX-99.2. Business Description. Yeah, I mean we don't plan to build a lot of machines this year. Participants who want to access the webcast should visit the company's website about five minutes before the call. During the quarter, RDS revenues were up slightly over Q1 of 2022, driven by an increase in sales from our self-serve key duplication machines, MinuteKey, which was offset by lighter sales in the other RDS categories like padding graving and accessories.RDS is a key driver of highly profitable long-term growth. CINCINNATI, May 03, 2022 (GLOBE NEWSWIRE) -- Hillman Solutions Corp. ( Nasdaq: HLMN) (the "Company" or "Hillman"), a leading provider of hardware products and merchandising solutions,. Free cash flow in the quarter totaled $13.4 million and allowed us to pay down debt during the quarter. Free cash flow for the quarter totaled $13.4 million compared to a cash burn of $16.1 million in the prior year quarter. Leveraging a world-class distribution and sales network, Hillman delivers a small business experience with big business efficiency. We are currently having ongoing dialogue with multiple stores about Resharp and remain very optimistic about its potential.Our Canadian business saw net sales down 5.1% compared to the prior year. The local Lowes roof was damaged, which prevented customers from accessing the fastener isle at a critical time for our products. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Forward-Looking StatementsThis communication 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. Have you seen a bump up because of some catch-up out West? We remain very excited about this new machine and expect to see a lift in both units and revenue per day on Quick Tag 3.0 versus the legacy Quick Tag machine.Regarding our one-of-a-kind knife sharpening machine Resharp, we have approximately 1,000 machines of select a hardware source across the country and have been working to optimize the marketing economics and location of each machine. The survey of suppliers determined that our supply chain is DRC Conflict Undeterminable. There is no tax impact related to the acquisition and integration expense due to the fact that these costs are all non-deductible. It should not be considered an alternative to GAAP-based net income or income from operations or operating cash flows. Phone: +852 28935622 Email: asia@eqs.com What does that usually mean for margins or sales? Now more than ever, our customers rely on Hillman to help them solve labor and logistics challenges for products that are essential to their business. And so two things, on the inbound when you think about containers, we're pretty close to where we were at 2019 levels. Refer to the "Reconciliation of Adjusted EBITDA section of this press release for additional information as well as reconciliations between the companys GAAP and non-GAAP financial results. You can use the bid-ask spread to determine whether to place a market orderorlimit orderwhen trading, helping you to optimize your price and have a successful order execution. So a little tempered there when you think about the total number. HLMNs stock style is Small Core. HLMNs historical performance We feel good about these results considering the high cost of goods still flowing through our income statement, resulting from the record-high container cost from last summer. Stock prices may also move more quickly in this environment. What's the thing that you're hanging your hat on that's giving you that incremental confidence? The warrant liabilities are marked to market each period end. Click here for more on how to use these ratings. Vice President of Investor Relations & Treasury 513-826 . So that's been rearing its ugly head.Now that increase in China that I talked about up 10% from November, that is up from a down. These cost break down to approximately $120 million of transportation and shipping costs, $90 million of commodities and $15 million of labor.Over the past several months, we've seen some of these costs come down and effective May 1, 2023, we secured our annual ocean container contracts at attractive rates, which will be a tailwind for us in 2024. Hillman Announces Participation at Upcoming Investor Conferences During The Hillman Group Michael Koehler. Hillman Publishes Inaugural ESG Fact Sheet for 2022 As we think about '24, I think, at least as we see visibility right now, it's probably going to be more consistent throughout the year. As a result, we have filed a Conflict Minerals Report. We do see a change in the West. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. For example, our new Kansas City distribution hub is open and operating and will fully replace our Rialto, California distribution hub by the end of the second quarter. For more information on the Company, please visit our website at http://www.hillmangroup.com or call Investor Relations at (513) 851-4900, ext. The reconciliation of operating income to EBITDA and Adjusted EBITDA for the twenty-six weeks ended June 27, 2020and June 29, 2019follows: THE HILLMAN COMPANIES, INC. AND SUBSIDIARIESReconciliation of Net Debt(dollars in thousands)Unaudited. Forward-looking statements are not guarantees of future performance. Our management and Board of Directors use this financial measure to evaluate our consolidated operating performance and the operating performance of our operating segments and to allocate resources and capital to our operating segments. THE HILLMAN GROUP, A LEADING VALUE-ADDED SPECIALTY - GlobeNewswire They really didn't have a chance to do much of anything, that's the only place we're really seeing a change. N/A. Touch device users, explore by touch or with swipe gestures. We evaluated our customers' needs and the market conditions and ultimately decided to exit the following protective product categories related to COVID-19; cleaning wipes, disinfecting sprays, face masks, and certain disposable gloves. Doug? How should we think about 2024?