Hillman Solutions Corp.
For the period ended Sep 27, 2025. Filed Nov 4, 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.
Sep 27, 2025 · Filed Nov 4, 2025
HLMN$8.17-2.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
| Thirty-nine Weeks Ended September 27, 2025 | Thirty-nine Weeks EndedSeptember 28, 2024 | |
|---|---|---|
| Cash flows from operating activities: | ||
| Net income | $38,707 | $18,477 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 105,280 | 96,440 |
| Deferred income taxes | 9,791 | (1,326) |
| Deferred financing and original issue discount amortization | 3,767 | 3,807 |
| Stock-based compensation expense | 10,739 | 9,742 |
| Customer bankruptcy reserve | — | 7,757 |
| 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 | (135) | 56 |
| Change in fair value of contingent consideration | (500) | 313 |
| Changes in operating items: | ||
| Accounts receivable, net | (34,721) | (22,906) |
| Inventories, net | (53,925) | (2,036) |
| Other assets | (19,691) | (142) |
| Accounts payable | 22,575 | 17,822 |
| Accrued salaries and wages | (1,217) | 7,150 |
| Other accrued expenses | (6,381) | 3,579 |
| Net cash provided by operating activities | 74,289 | 140,187 |
| Cash flows from investing activities: | ||
| Acquisition of business, net of cash received | — | (57,762) |
| Capital expenditures | (55,347) | (64,196) |
| Other investing activities | (154) | (211) |
| Net cash used for investing activities | (55,501) | (122,169) |
| Cash flows from financing activities: | ||
| Repayments of senior term loans | (6,384) | (4,255) |
| Financing fees | — | (33) |
| Borrowings on revolving credit loans | 109,000 | 77,000 |
| Repayments of revolving credit loans | (122,000) | (77,000) |
| Principal payments under finance lease obligations | (4,156) | (2,698) |
| Proceeds from exercise of stock options | 1,177 | 8,938 |
| Repurchases of common stock | (3,165) | — |
| Payments of contingent consideration | (199) | (196) |
| Other financing activities | 142 | (103) |
| Net cash (used for) provided by financing activities | (25,585) | 1,653 |
| Effect of exchange rate changes on cash | 18 | 1,596 |
| Net (decrease) increase in cash and cash equivalents | (6,779) | 21,267 |
| Cash and cash equivalents at beginning of period | 44,510 | 38,553 |
| Cash and cash equivalents at end of period | $37,731 | $59,820 |
| Supplemental disclosure of cash flow information: | ||
| Interest paid | $39,928 | $30,348 |
| Income taxes paid | 9,859 | 7,967 |
| Capital expenditures in accounts payable | 644 | 2,200 |
3 | September 27, 2025 Form 10-Q
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