US stock futures dip as Nvidia earnings spark little cheer
Investing.com -- Hillman Solutions Corp (NASDAQ:HLMN) shares surged 12.6% after the hardware products provider reported second-quarter earnings that exceeded analyst expectations and announced a new $100 million share repurchase program.
The company posted adjusted earnings of $0.17 per diluted share for the second quarter, beating the analyst estimate of $0.14. Revenue climbed 6.2% YoY to $402.8 million, surpassing the consensus estimate of $390.34 million.
"Our team has done a fantastic job successfully managing the tariff environment while continuing to provide great customer service at the shelf and delivering orders on-time and in-full," said Jon Michael Adinolfi, President and CEO of Hillman.
The company also updated its full-year guidance, raising the low end of its revenue forecast to a range of $1.535-$1.575 billion, compared to its previous guidance of $1.495-$1.575 billion. The midpoint of the new range is slightly above the analyst consensus of $1.54 billion. Additionally, Hillman increased its adjusted EBITDA guidance to $265-$275 million from the previous $255-$275 million.
Adjusted EBITDA for the quarter rose to $75.2 million from $68.4 million in the same period last year, while net income increased to $15.8 million, or $0.08 per diluted share, compared to $12.5 million, or $0.06 per diluted share, a year ago.
"Strong execution during the first half of the year, some clarity around tariffs, and a better outlook for the second half of the year have resulted in us raising the low-end of our guidance," said Rocky Kraft, Hillman’s chief financial officer.
The company’s net debt to trailing twelve-month Adjusted EBITDA improved to 2.7x at quarter end compared to 2.8x at the end of 2024, with management now expecting to end the year with a leverage ratio of around 2.4x.
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