Philip Woodlief, a director at Hillman Solutions Corp. (NASDAQ:HLMN), a company with a market capitalization of $2.19 billion and currently trading at a notably high P/E ratio of 260, recently executed a series of stock transactions, according to a filing with the Securities and Exchange Commission. On December 6, Woodlief sold 19,779 shares of Hillman Solutions' common stock at an average price of $11.18 per share, totaling approximately $221,129.
In a related transaction, Woodlief acquired the same number of shares, 19,779, through the exercise of stock options at a price of $6.07 per share. After these transactions, Woodlief's direct ownership in Hillman Solutions stands at 55,811 shares.
In other recent news, Hillman Solutions Corporation disclosed mixed results in its third-quarter earnings call for 2024. The company reported a slight dip in net sales, settling at $393.3 million, a 1.4% decrease year-over-year. However, adjusted EBITDA saw an increase of 9%, reaching $72.6 million. Hillman Solutions also revised its full-year net sales guidance to $1.455 billion to $1.485 billion, a 4% increase from the previous year.
The company highlighted its acquisition of Intex, which it anticipates will stimulate growth. Additionally, Hillman Solutions announced a planned leadership transition to Jon Michael Adinolfi in January 2025. Despite facing challenges such as True Value's Chapter 11 filing, the company remains optimistic about its strategic acquisitions and customer relationships.
Hillman Solutions is projecting net sales for 2024 to be between $1.455 billion and $1.485 billion, and expects adjusted EBITDA to reach approximately $250 million, a 14% increase from 2023. It is worth noting that these are recent developments and investors should pay close attention to Hillman Solutions' strategic moves in the upcoming months.
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