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EX - 99.1 2 ex991q32021.htm EX - 99.1 HILLMAN ™ Exhibit 99.1 News Release Hillman Solutions Corp. Reports Third Quarter and Year - to - Date 2021 Results CINCINNATI , November 3 , 2021 -- Hillman Solutions Corp. ( Nasdaq : HLMN ) ( the “ Company ” or “ Hillman ” ) reported today selected financial results for the thirty - nine weeks ended September 25 , 2021 . Third Quarter 2021 Highlights • Net sales for the third quarter of 2021 decreased 8.6 % to $ 364.5 million as compared to prior year quarter net sales of $ 398.7 million . Operating income decreased 137.9 % to $ ( 13.3 ) million compared to $ 35.1 million in the prior year third quarter • Adjusted EBITDA¹ decreased 24.6 % to $ 56.5 million compared to $ 75.0 million in the prior year quarter Year - to - Date 2021 Highlights • Net sales for the thirty - nine weeks ended September 25 , 2021 increased 3.9 % to $ 1,081.5 million as compared to $ 1,041.2 million in 2020 Operating income for the thirty - nine weeks ended September 25 , 2021 decreased 81.6 % to $ 12.0 million as compared to $ 65.3 million in 2020 Adjusted EBITDA¹ for the thirty - nine weeks ended September 25 , 2021 decreased 5.2 % to $ 168.8 million compared to $ 178.1 million in 2020 Doug Cahill , Chairman , President and Chief Executive Officer , stated “ Our Hardware Solutions , RDS and Canadian businesses all performed well in the quarter , in spite of historical supply chain challenges and a very strong third quarter last year , but the unwinding of our Covid - related products in Protective Solutions negatively impacted our earnings . " Cahill , went on to say " At Hillman , we are in the business of solving labor , logistics , and supply chain challenges for our customers so they can stay in stock and service their consumers . There has never been a time they've needed us more and we remain focused every day on delivering industry leading service and fill rates with our world class service team . " Conference Call and Webcast The Company will host a conference call to discuss the financial results for the thirteen and thirty - nine weeks ended September 25 , 2021 on Wednesday , November 3 , 2021 , at 8:30 am Eastern time . Participants may join the call by dialing 1 ( 866 ) -673-2033 , passcode : 3093168 , 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 , The Hillman Group , Inc. , a wholly - owned subsidiary of the Company , 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 . Forward - Looking Statements This press release may contain " forward - looking statements " within the meaning of the federal securities law . All statements other than statements of historical fact included in this presentation are forward - looking statements made in good faith by the company and are intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform 1 ) Adjusted EBITDA is a non - GAAP financial measure . Refer to the " Reconciliation of Adjusted EBITDA ” section of this press release