Hillman Solutions Corp.
For the period ended Mar 29, 2025. Filed Apr 29, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 29, 2025 · Filed Apr 29, 2025
HLMN$8.17-2.5%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
| Thirteen Weeks Ended March 29, 2025 | Thirteen Weeks EndedMarch 30, 2024 | |
|---|---|---|
| Cash flows from operating activities: | ||
| Net loss | $(317) | $(1,492) |
| Adjustments to reconcile net loss to net cash (used for) provided by operating activities: | ||
| Depreciation and amortization | 34,810 | 31,592 |
| Deferred income taxes | (974) | (386) |
| Deferred financing and original issue discount amortization | 1,257 | 1,330 |
| Stock-based compensation expense | 3,278 | 2,829 |
| Loss on debt restructuring | 906 | 3,008 |
| Cash paid to third parties in connection with debt restructuring | (906) | (1,554) |
| (Gain) loss on disposal of property and equipment | (139) | 56 |
| Change in fair value of contingent consideration | (326) | 332 |
| Changes in operating items: | ||
| Accounts receivable, net | (24,617) | (25,095) |
| Inventories, net | 7,319 | (2,341) |
| Other assets | (2,152) | (4,014) |
| Accounts payable | 11,340 | 14,632 |
| Accrued salaries and wages | (20,769) | (6,315) |
| Other accrued expenses | (9,365) | (906) |
| Net cash (used for) provided by operating activities | (655) | 11,676 |
| Cash flows from investing activities: | ||
| Acquisition of business, net of cash received | — | (23,956) |
| Capital expenditures | (20,658) | (17,759) |
| Other investing activities | (67) | (67) |
| Net cash used for investing activities | (20,725) | (41,782) |
| Cash flows from financing activities: | ||
| Repayments of senior term loans | (2,128) | (2,128) |
| Financing fees | — | (33) |
| Borrowings on revolving credit loans | 62,000 | 45,000 |
| Repayments of revolving credit loans | (44,000) | (27,000) |
| Principal payments under finance lease obligations | (1,270) | (875) |
| Proceeds from exercise of stock options | 306 | 5,899 |
| Payments of contingent consideration | (75) | (72) |
| Other financing activities | (440) | (380) |
| Net cash provided by financing activities | 14,393 | 20,411 |
| Effect of exchange rate changes on cash | (1,214) | 1,814 |
| Net decrease in cash and cash equivalents | (8,201) | (7,881) |
| Cash and cash equivalents at beginning of period | 44,510 | 38,553 |
| Cash and cash equivalents at end of period | $36,309 | $30,672 |
| Supplemental disclosure of cash flow information: | ||
| Interest paid | $13,893 | $11,213 |
| Income taxes paid | 2,016 | 871 |
| Capital expenditures in accounts payable | 1,614 | 3,093 |
3 | March 29, 2025 Form 10-Q
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