Hillman Solutions Q2 sales beat estimates on strong hardware demand

Hillman Solutions

03/08/2026 21:48

Overview
US hardware supplier's Q2 net sales rose 10%, beating analyst expectations
Adjusted EPS for Q2 met analyst consensus, unchanged from prior year
Subsequent to the quarter end, company agreed to acquire Kanebridge Corp for $315 mln, expanding industrial distribution presence

Outlook
Hillman raises FY 2026 net sales outlook to $1.670-$1.720 bln from $1.630-$1.730 bln
Company lifts FY 2026 adjusted EBITDA guidance to ~$285 mln from $275-$285 mln
Hillman sees FY 2026 free cash flow guidance at $105-$115 mln

Result Drivers
HARDWARE DEMAND - Co said consistent demand for hardware products contributed to Q2 sales growth
NEW BUSINESS WINS - Management cited new business wins, including in Pro distribution, as a driver of growth
ROBOTICS & DIGITAL SOLUTIONS - Double-digit growth in Robotics and Digital Solutions, led by MinuteKey 3.5 rollout, supported Q2 performance

Company press release: ID:nGNX4QtxWn

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Beat
$442 mln
$433.72 mln (8 Analysts)
Q2 Adjusted EPS
Meet
$0.17
$0.17 (7 Analysts)
Q2 Adjusted EBITDA
Beat
$77.10 mln
$76.14 mln (8 Analysts)

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 52.5% above its July 31 closing price of $7.87
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 13 three months ago

Reuters Recommended Reads
Aug 3 - Alamo Group Q2 sales beat estimates on organic demand growth in industrial equipment
Aug 3 - Custom Truck One Source Q2 revenue up on utility transmission, distribution markets strength; raises FY outlook
Aug 3 - Prysmian strikes $3.8 billion deal to buy Atkore in US electrical push

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)