Hillman Solutions Unveils $100 Million Share Buyback Initiative

Hillman Solutions Corp. Announces Major Share Repurchase Plan
Recently, Hillman Solutions Corp., recognized for its innovative hardware products and merchandising solutions, declared a significant step forward with the authorization of a $100 million share repurchase program. This initiative demonstrates the company's ongoing commitment to enhancing shareholder value while maintaining a strong financial position.
Understanding the Share Repurchase Program
This newly authorized program allows Hillman to repurchase shares of its common stock at the management's discretion. The repurchase could occur through various methods, such as 10b5-1 trading plans, open market purchases, or privately negotiated transactions that comply with existing regulations. Hillman's flexible approach to share repurchase will enable them to adapt to market conditions and optimize shareholder returns.
Company’s Growth Strategy
Jon Michael Adinolfi, the President and CEO of Hillman, expressed enthusiasm about this program, stating that the company's robust progress in improving its balance sheet made this decision timely and appropriate. The ability to repurchase shares will support Hillman’s ongoing investments in organic growth, debt reduction, and strategic acquisitions.
About Hillman Solutions Corp.
Hillman Solutions Corp. is a prominent provider of hardware-related products and solutions tailored for home improvement, hardware, and fleet retailers throughout North America. With a reputation for exceptional customer service, Hillman stands out in its industry through direct-to-store shipping and a committed sales team of over 1,200 professionals. Their vast product portfolio includes critical hardware solutions like fasteners and screws, protective equipment for work sites, and advanced digital solutions including key duplication.
Recognitions and Achievements
Over the years, Hillman has earned accolades as a leading vendor from major retailers, thanks to its world-class distribution network and relentless focus on customer satisfaction. With over 60 years in the industry, Hillman's dedication to service and product quality secures its position as a key player in the market.
Contact Information for Investors
For those interested in more information about Hillman Solutions Corp. and its initiatives, Michael Koehler, Vice President of Investor Relations & Treasury, is the designated contact. He can be reached at 513-826-5495 or via email at IR@hillmangroup.com.
Frequently Asked Questions
What is the purpose of Hillman's share repurchase program?
The share repurchase program aims to enhance shareholder value while enabling Hillman to invest in growth and reduce debt.
How much has been authorized for the repurchase program?
Hillman has authorized up to $100 million for its share repurchase program.
What methods can Hillman use to repurchase shares?
Hillman can repurchase shares through 10b5-1 trading plans, open market purchases, and negotiated transactions that comply with regulations.
Who is the CEO of Hillman Solutions Corp.?
Jon Michael Adinolfi serves as the President and CEO of Hillman Solutions Corp.
What types of products does Hillman offer?
Hillman offers a range of hardware products, protective solutions, and robotic services such as key duplication and tag engraving.
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