Hardware supplier Hillman Solutions' Q3 sales rise slightly less than expected
Overview
US hardware supplier's Q3 net sales rose 7.7%, a slight miss versus analyst expectations
Adjusted EPS for Q3 beat analyst expectations, remaining flat year-over-year at $0.22
Company completed Kanebridge acquisition and repurchased $5 mln in shares during Q3
Outlook
Hillman narrows FY 2026 net sales guidance to $1.66 bln-$1.68 bln from $1.67 bln-$1.72 bln
Company reaffirms FY 2026 adjusted EBITDA guidance at ~$285 mln
Hillman maintains FY 2026 free cash flow outlook at $105 mln-$115 mln
Result Drivers
ROBOTICS AND DIGITAL SOLUTIONS - Co said its high-margin Robotics and Digital Solutions segment grew 19.2% in Q3, helping drive overall results
KANEBRIDGE ACQUISITION - Co said Kanebridge acquisition accelerated momentum in Pro and industrial markets
PRO CHANNEL WINS - Co said channel relationships and field sales team drove new business wins in Pro segment
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Sales | Slight Miss* | $457.5 mln | $461.005 mln (8 Analysts) |
Q3 Adjusted EPS | Beat | $0.22 | $0.21 (7 Analysts) |
Q3 Adjusted EBITDA | Beat | $90.2 mln | $84.53 mln (6 Analysts) |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the industrial machinery & equipment peer group is "buy"
Wall Street's median 12-month price target for Hillman Solutions Corp. is $12.00, about 53.8% above its October 30 closing price of $7.80
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)