Filing Flows › Hillman Solutions (HLMN) › Q1 2025
Hillman Solutions (HLMN) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 29, 2025
Hillman Solutions (HLMN) reported revenue of $359M for the first quarter 2025 (Q1 2025), +3% from a year earlier and +3% from the quarter before. Operating margin was 4.2%, net loss $317K (0.1% of revenue).
Hillman Solutions, Q1 2025: revenue $359M (+3% year over year), operating margin 4.2%, net loss $317K, operating cash flow −$655K. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $359M | +3% | +3% |
| Operating profit | $15.0M | — | — |
| Net earnings | −$317K | — | — |
| Operating cash flow | −$655K | — | — |
What changed
Revenue was $359.3M in Q1 2025, up 3% year over year and up 3% from the previous quarter. Fastening and Hardware was the largest line at 64% of revenue. Personal Protection Solutions added $22.8M year over year (up 49%), 252% of the total change. Engraving declined 16%.
Operating profit was $15.0M, a 4.2% margin (down 0.5 points year over year). Operating profit fell $1.3M even though revenue rose $9.0M versus a year earlier, so costs grew faster than sales. Total costs grew 3% against revenue growth of 3%. The quarter ended with a net loss of $317K, narrower than the previous quarter's $1.2M loss. Net interest and other expense of $15.4M was the main reason.
Operating cash flow was −$655K. Non-cash charges added back $34.8M of depreciation and amortization and $3.3M of share-based compensation. Working capital and other items used $38.4M. Capital expenditures of $20.7M exceeded it, leaving free cash flow of −$21.3M.
Questions
What was Hillman Solutions' revenue in the first quarter 2025?
Hillman Solutions (HLMN) reported revenue of $359M for the first quarter 2025 (Q1 2025), +3% from a year earlier and +3% from the quarter before.
Was Hillman Solutions profitable in the first quarter 2025?
Operating profit was $15.0M (4.2% of revenue) and net loss $317K.
Source: Hillman Solutions 10-Q on SEC EDGAR.