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EX - 99.1 2 tm2123528d2_ex99-1.htm EXHIBIT 99.1 HILLMAN ™ Exhibit 99.1 News Release The Hillman Group Reports Second Quarter and Year - to - Date 2021 Results CINCINNATI , July 29 , 2021 -- The Hillman Companies , Inc. ( NYSE - AMEX : HLM.PR ) ( the “ Company ” or “ Hillman ” ) reported today selected financial results for the twenty - six weeks ended June 26 , 2021 . Second Quarter 2021 Highlights • Net sales for the second quarter of 2021 increased 8.4 % to $ 375.7 million as compared to prior year quarter net sales of $ 346.7 million Operating income decreased 5.9 % to $ 19.5 million compared to $ 20.7 million in the prior year second quarter Adjusted EBITDA¹ increased 4.6 % to $ 64.5 million compared to $ 61.6 million in the prior year quarter Year - to - Date 2021 Highlights • Net sales for the twenty - six weeks ended June 26 , 2021 increased 11.6 % to $ 717.0 million as compared to $ 642.5 million in 2020 Operating income for the twenty - six weeks ended June 26 , 2021 decreased 16.2 % to $ 25.3 million as compared to $ 30.2 million in 2020 Adjusted EBITDA¹ for the twenty - six weeks ended June 26 , 2021 increased 8.9 % to $ 112.3 million compared to $ 103.1 million in 2020 Doug Cahill , Chairman , President and Chief Executive Officer , stated “ It has been an exciting time for Hillman with the closing of the transaction with Landcadia III and on July 15th ringing the bell and becoming a publicly traded company on Nasdaq under the symbol ' HLMN ' . With the transaction complete and the recapitalization of our balance sheet , we are even better positioned to do what we do best , solved complexity , labor and logistics problems for best - in - class retailers from big box to your local hardware stores . I can't remember a time in the hardware and home improvement business when these were more important to our retailers than they are right now . " Conference Call and Webcast The Company will host a conference call to discuss the financial results for the thirteen and twenty - six weeks ended June 26 , 2021 on Friday , July 30 , 2021 , at 10:00 am Eastern time . Participants may join the call by dialing 1- ( 866 ) -673-2033 , passcode : 8163153 , a few minutes before the call start time . A live audio webcast of the conference call will also be available in a listen - only mode on the Investor Info page of the Company's website , which is located at www.ir.hillmangroup.com . Participants who want to access the webcast should visit the company's website about five minutes before the call . The archived webcast will be available for replay on the company's website after the call . About Hillman Founded in 1964 and headquartered in Cincinnati , Ohio , Hillman is a leading North American provider of complete hardware solutions , delivered with industry best customer service to over 40,000 locations . Hillman designs innovative product and merchandising solutions for complex categories that deliver an outstanding customer experience to home improvement centers , mass merchants , national and regional hardware stores , pet supply stores , and OEM & Industrial customers . Leveraging a world - class distribution and sales network , Hillman delivers a “ small business " experience with “ big business ” efficiency . For more information on Hillman , visit www.hillmangroup.com . 1 ) Adjusted EBITDA is a non - GAAP financial measure . Refer to the " Reconciliation of Adjusted EBITDA " section of this press release for additional information as well as reconciliations between the company's GAAP and non - GAAP financial results .