Filing Flows › Hillman Solutions (HLMN) › Q1 2026
Hillman Solutions (HLMN) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 28, 2026
Hillman Solutions (HLMN) reported revenue of $370M for the first quarter 2026 (Q1 2026), +3% from a year earlier and +1% from the quarter before. Operating margin was 1.9%, net loss $4.7M (1.3% of revenue).
Hillman Solutions, Q1 2026: revenue $370M (+3% year over year), operating margin 1.9%, net loss $4.7M, operating cash flow −$19.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $370M | +1% | +3% |
| Operating profit | $7.2M | -57% | -52% |
| Net earnings | −$4.7M | -396% | — |
| Operating cash flow | −$19.5M | -163% | — |
What changed
Revenue was $370.1M in Q1 2026, up 3% year over year and up 1% from the previous quarter. Fastening and Hardware was the largest line at 69% of revenue. Fastening and Hardware added $19.1M year over year (up 8%), 178% of the total change. Personal Protection Solutions declined 17%.
Operating profit was $7.2M, a 1.9% margin (down 2.2 points year over year). Operating profit fell $7.8M even though revenue rose $10.7M versus Q1 2025, so costs grew faster than sales. Total costs grew 5% against revenue growth of 3%. The quarter ended with a net loss of $4.7M, after a profit of $1.6M the previous quarter. Net interest and other expense of $13.0M was the main reason.
Operating cash flow was −$19.5M. Non-cash charges added back $37.3M of depreciation and amortization and $4.0M of share-based compensation. Working capital and other items used $56.1M. Capital expenditures of $14.8M exceeded it, leaving free cash flow of −$34.3M.
Questions
What was Hillman Solutions' revenue in the first quarter 2026?
Hillman Solutions (HLMN) reported revenue of $370M for the first quarter 2026 (Q1 2026), +3% from a year earlier and +1% from the quarter before.
Was Hillman Solutions profitable in the first quarter 2026?
Operating profit was $7.2M (1.9% of revenue) and net loss $4.7M.
Source: Hillman Solutions 10-Q on SEC EDGAR.