Hillman Solutions Corp. (Nasdaq: HLMN), Cincinnati, Ohio, distributor of hardware products and merchandising solutions, reported sales for the first quarter ended March 30, 2024, were $350.3 million, up 0.2% from the prior-year period.
Don’t miss any content from Distribution Strategy Group. Join our list.
The distributor reported a loss of $1.5 million.
The quarter was marked by Hillman’s acquisition of Koch Industries, which increased the company’s product offerings. Hillman leadership expects mergers and acquisitions to be a significant element of the company’s strategy moving forward.
“Hillman’s differentiated strategy and competitive moat continue to demonstrate resilience in the current market environment,” said Doug Cahill, president and CEO. “Our performance has been the result of our operational execution, our commitment to taking care of our customers and the resilience of our end-markets.”
Hillman provides hardware products and services to over 46,000 customers across North America.
