Shares of Hillman Solutions Corp. (NASDAQ:HLMN) soared 5.78% in pre-market trading on Monday, November 5, 2024, following the company's better-than-expected third-quarter 2024 earnings results and raised full-year guidance.
The Cincinnati-based provider of hardware products and merchandising solutions reported adjusted earnings per share of $0.16 for the third quarter, meeting analyst estimates. The company's quarterly sales of $393.3 million surpassed the consensus forecast of $387.8 million, driven by efficient operations and strong customer service.
Hillman also raised its full-year 2024 guidance, projecting net sales between $1.455 billion and $1.485 billion, up from its previous range of $1.44 billion to $1.48 billion. The company now expects adjusted EBITDA of approximately $250 million, compared to its earlier guidance of $240 million to $250 million, reflecting the acquisition of Intex DIY and robust bottom-line performance.
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