Hillman Solutions Corp. (Nasdaq: HLMN), a prominent provider of hardware-related products and merchandising solutions, released its fourth-quarter and full-year financial results for 2025 today. While the company achieved record annual net sales, its fourth-quarter revenue fell slightly short of Wall Street expectations, prompting a cautious reaction from the market.
Q4 and Full-Year Financial Performance
For the thirteen weeks ended December 27, 2025, Hillman reported net sales of $365.1 million, a 4.5% increase compared to the fourth quarter of 2024. Despite the year-over-year growth, the figure missed the analyst consensus estimate of $371.7 million. On a bottom-line basis, the company reported adjusted diluted earnings of $0.10 per share, matching analyst predictions.
For the full year 2025, Hillman reached a milestone of $1.55 billion in net sales, marking a 5.4% increase over 2024. The company’s net income saw a significant turnaround, totaling $40.3 million, or $0.20 per diluted share, compared to a net loss of $17.3 million in the previous year. Adjusted EBITDA for the full year rose 13.9% to $275.3 million, reflecting improved operational efficiency and pricing execution.
Segment and Operational Highlights
The company’s growth was largely supported by its Hardware and Protective Solutions segment, which recorded $1.19 billion in annual revenue. Hillman attributed its performance to new business wins and the successful integration of the InTech DIY acquisition.
“During 2025, we successfully managed the dynamic tariff environment while driving record top and bottom line results,” said Jon Michael Adinolfi, CEO of Hillman. “The Hillman team did a great job this year taking care of our long-standing partners and winning new business.”
Management also highlighted the continued rollout of the MinuteKey 3.5 digital kiosks as a key driver for the Robotics and Digital Solutions segment, which contributed $220.2 million to the annual total.
Balance Sheet and 2026 Outlook
Hillman continued its efforts to deleverage, ending the year with $665.8 million in net debt, down from $674.0 million at the end of 2024. The net debt to trailing twelve-month Adjusted EBITDA ratio improved to 2.4x, down from 2.8x. Additionally, the company utilized its $100 million share repurchase authorization to buy back 1.4 million shares at an average price of $9.07.
Looking ahead to fiscal 2026, Hillman issued the following guidance:
- Net Sales: $1.6 billion to $1.7 billion (Midpoint growth of ~6.3%)
- Adjusted EBITDA: $275 million to $285 million
- Free Cash Flow: $100 million to $120 million
Market Reaction
Investor sentiment was mixed following the announcement. While the annual records and debt reduction were viewed positively, the Q4 revenue miss and a 2026 revenue forecast that sits slightly below some analyst estimates led to a pre-market dip. Shares of HLMN were trading down approximately 1.6% at $9.90 in early Tuesday trading.