Hillman Solutions Corp. filed its Form 10-Q with the SEC on November 3, 2026, covering the thirteen and thirty-nine weeks ended September 26, 2026, reporting quarterly net income of $6,291 thousand and year-to-date net income of $22,679 thousand.

Key Highlights

  • Quarterly net sales of $457,488 thousand for the thirteen weeks ended September 26, 2026, up from $424,939 thousand in the same period of 2025, according to the filing.
  • Quarterly net income fell to $6,291 thousand from $23,192 thousand in the prior-year quarter, with basic net income per share of $0.03 versus $0.12 a year earlier.
  • Refinancing costs of $13,505 thousand were recorded in the quarter, compared to zero in the same quarter of 2025, the filing disclosed.
  • Total assets rose to $2,669,880 thousand as of September 26, 2026, from $2,356,194 thousand as of December 27, 2025, driven in part by goodwill increasing to $936,011 thousand from $830,747 thousand.
  • Long-term debt increased to $940,512 thousand as of September 26, 2026, from $668,337 thousand at December 27, 2025, following borrowings of $935,000 thousand and repayments of $636,960 thousand on senior term loans during the thirty-nine-week period.
  • Net cash provided by operating activities was $138,347 thousand for the thirty-nine weeks ended September 26, 2026, compared to $74,289 thousand in the prior-year period.
  • 194,139,409 shares of common stock were outstanding as of October 30, 2026, the filing stated.

Hillman Solutions Q3 2026 Results: Sales Growth Offset by Refinancing Costs and Lower Operating Income

According to the filing, Hillman Solutions Corp. (NASDAQ:HLMN) reported net sales of $457,488 thousand for the thirteen weeks ended September 26, 2026, an increase from $424,939 thousand in the comparable prior-year quarter. For the thirty-nine-week period, net sales reached $1,269,812 thousand, up from $1,187,085 thousand in the same period of 2025. Cost of sales for the quarter was $225,203 thousand, and selling, warehouse, general and administrative expenses were $157,896 thousand, the filing disclosed.

Income from operations for the quarter was $37,889 thousand, down from $45,904 thousand in the prior-year quarter. The filing disclosed refinancing costs of $13,505 thousand recorded in the thirteen-week period ended September 26, 2026, with no comparable charge in the same period of 2025. Interest expense, net, was $14,338 thousand for the quarter. Income before income taxes was $10,046 thousand, yielding income tax expense of $3,755 thousand and net income of $6,291 thousand, compared to net income of $23,192 thousand in the prior-year quarter. Diluted net income per share was $0.03 for the quarter versus $0.12 a year earlier.

On the balance sheet, goodwill rose to $936,011 thousand from $830,747 thousand at December 27, 2025, and other intangibles, net, increased to $658,024 thousand from $546,171 thousand, reflecting an acquisition of business with net cash paid of $314,503 thousand during the thirty-nine-week period, as reported in the cash flow statement. The filing also noted that the company repurchased $28,351 thousand of common stock during the thirty-nine weeks ended September 26, 2026, resulting in treasury stock of $40,774 thousand at quarter-end, compared to $12,423 thousand at December 27, 2025. Accumulated deficit narrowed to $155,967 thousand from $178,646 thousand over the same span.

What Was Disclosed

Hillman Solutions Corp. filed its quarterly report for the period ended September 26, 2026, disclosing net sales growth, lower quarterly net income partly attributable to $13,505 thousand in refinancing costs, a significant acquisition, increased long-term debt, and share repurchase activity during the thirty-nine-week period.