Hillman Solutions Corp.
ir.hillmangroup.comWhat Do They Do?
Sells fasteners and related hardware to retailers, plus protective gear and robotic key-duplication and engraving systems for retail customers.
10-K for FY2025, filed Feb 17, 2026Hillman Solutions Corp. and its wholly-owned subsidiaries (collectively, “Hillman” or “Company”) are one of the largest providers of…View ↗
Our expansive Personal Protective Equipment category covers many uses for DIYer ("Do It Yourself") around the house and for the…View ↗
Our Robotics and Digital Solutions segment consists primarily of software-enabled robotic key duplication and engraving solutions that are…View ↗
How Do They Make Money?
Retailers buy hardware, protective products, keys and engraved tags; Hillman also provides merchandising and kiosk services. The company earns the sale when goods are delivered or services are provided.
10-K for FY2025, filed Feb 17, 2026We provide products such as fasteners and related hardware items; threaded rod and metal shapes; keys and key duplication systems…View ↗
Our Robotics and Digital Solutions segment consists primarily of software-enabled robotic key duplication and engraving solutions that are…View ↗
We retain ownership of the key duplicating equipment and market and sell keys. Our proprietary key offering features the universal blank…View ↗
Our engraving business focuses on the growing consumer spending trends surrounding personalized and pet identification. Innovation has…View ↗
Revenue is recognized when control of goods or services is transferred to our customers, in an amount that reflects the consideration the…View ↗
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10-K for FY2025, filed Feb 17, 2026
FY2025 revenue by product or service ↗
$1.6B
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10-K for FY2025, filed Feb 17, 2026
$1.6B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Fastening and Hardware
Sold outright
10-K for FY2025, filed Feb 17, 2026 |
68%
FY2022: 67%
|
Fastening and Hardware, FY2025
$1.1B Sources
|
Sold outright |
|
Personal Protective
Sold outright
10-K for FY2025, filed Feb 17, 2026 |
17%
FY2022: 16%
|
Personal Protective, FY2025
$270.9M Sources
|
Sold outright |
|
Keys and Key Fobs
Sold outright
10-K for FY2025, filed Feb 17, 2026 |
12% |
Keys and Key Fobs, FY2025
$189M Sources
|
Sold outright |
|
Engraving and Resharp
Sold outright
|
2.6%
FY2022: 3.8%
|
Engraving and Resharp, FY2025
$41M Sources
|
Sold outright |
Who Are Their Customers?
Hillman sells products to national retail accounts, while independent hardware stores receive direct shipments or buy through cooperative warehouses and billing. Its Canada business also serves industrial distributors and automotive suppliers.
10-K for FY2025, filed Feb 17, 2026We sell our products to national accounts such as Home Depot, Lowe’s, Tractor Supply, Walmart, Menard’s, PETCO, and PetSmart. Our status as…View ↗
We service a wide variety of franchise and independent retail outlets. These individual dealers are typically members of the larger…View ↗
Our Canada segment distributes fasteners and related hardware items, threaded rod, keys, key duplicating systems, accessories, and…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 3 cents of every revenue dollar as net income in FY2025 and turned 2 cents into free cash flow.
10-K for FY2025, filed Feb 17, 2026
$114MView ↗
10-K for FY2025, filed Feb 17, 2026
$40.3MView ↗
10-K for FY2025, filed Feb 17, 2026
$35.1MView ↗
How Are They Changing?
10-Q for Q2 FY2026, filed Aug 4, 2026
Open tableView ↗
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Sep 3, 2026
Completed the acquisition of Kanebridge
The purchase price was approximately $315 million, subject to customary post-closing adjustments.
Sources
8-K, filed Sep 3, 2026
The aggregate purchase price was approximately $315 million, subject to customary post-closing adjustments for cash, indebtedness, working…View ↗
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Aug 4, 2026
Agreed to acquire Kanebridge and raised its full-year outlook
The agreement called for approximately $315 million, and Hillman raised its full-year net sales and adjusted EBITDA outlook.
Sources
8-K, filed Aug 4, 2026
Pursuant to the Purchase Agreement, the Company has agreed to acquire all of the outstanding equity interests of Kanebridge for aggregate…View ↗
Growing. Revenue grew 9% in 4 years, from $1.4B in FY2021 to $1.6B in FY2025, about 2% a year.
Expanded cleaning products
The older report described sanitizing wipes and sprays within safety products; the latest describes a cleaning-products category that includes wiping cloths, consumable rags, and cleaning textiles.
10-K for FY2022, filed Feb 27, 2023 10-K for FY2025, filed Feb 17, 2026Our safety products include face masks, safety vests, and sanitizing wipes and sprays sold under a variety of brands including Firm Grip®…View ↗
With our acquisition of Intex in August 2024, our cleaning products category now includes wiping cloths, consumable rags, and cleaning…View ↗
Who Do They Compete With?
Competes with Primesource Building Products, Midwest Fastener, Illinois Tool Works, Spectrum Brands, Techtronic Industries, West Chester Protective Gear, PIP, Iron Clad, and MidWest Quality Gloves
10-K for FY2025, filed Feb 17, 2026Our primary competitors in the national accounts marketplace for fasteners are Primesource Building Products, Inc., Midwest Fastener…View ↗
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