Hillman Solutions Corp. (Nasdaq: HLMN), Cincinnati, Ohio, a provider of hardware products and merchandising solutions, reported sales for its fiscal 2023 second quarter were $380 million, down 3.6% from the prior-year period.
Net income for the quarter was $4.5 million, down 48.9% from the prior-year period.
Hillman also reported sales for its first six months ending July 1, 2023, were $729.7 million, down 3.6% from the prior year. Net loss for the first six months was $4.6 million, down from a net income of $6.9 million from the prior-year period.
“Our strong second-quarter results reflect the dedicated efforts of our associates and the resiliency of the competitive moat we have created here at Hillman,” said Doug Cahill, CEO of Hillman. “We have navigated a complex market environment, carefully controlling our costs to produce strong bottom-line results with gross margins that came in line with our expectations.”