Hillman Solutions Corp. (NASDAQ: HLMN)

Hillman Solutions Corp. is a leading provider of hardware-related products and related merchandising services to retail markets in North America. The company operates through its wholly-owned subsidiary, Hillman, and had net sales of approximately $1,552.2 million in 2025. Hillman sells its products to hardware stores, home centers, mass merchants, pet supply stores, and other retail outlets principally in the United States, Canada, Mexico, Latin America, and the Caribbean.

Hillman Solutions Corp. generates revenue through the sale of a wide range of hardware-related products and services. The company's product lines include thousands of small parts such as fasteners and related hardware items, threaded rod and metal shapes, keys, builder's hardware, personal protective equipment like gloves and eye-wear, rope and chain, and identification items such as tags and letters, numbers, and signs. Additionally, Hillman supports product sales with services that include design and installation of merchandising systems, maintenance of appropriate in-store inventory levels, and break-fix for robotics kiosks. The company's customer base includes hardware stores, home centers, mass merchants, pet supply stores, and other retail outlets.

• Hardware and Protective Solutions: This segment includes a variety of product categories such as fasteners, builders hardware, wall hanging, threaded rod and metal shapes, rope and chain, letters, numbers, and signs, and personal protective equipment. Key brands in this segment include Hillman, Fas-n-Tite, Deck-Plus, Power Pro, Hardware Essentials, OOK, High & Mighty, SteelWorks, Firm Grip, True Grip, Gorilla Grip, Grease Monkey, Digz, AWP, McGuire Nicholas, and Premium Defense. This segment caters to retail outlets, primarily hardware stores, home centers, and mass merchants.

• Robotics and Digital Solutions: This segment consists primarily of software-enabled robotic key duplication and engraving solutions. Key products include the MinuteKey self-service kiosk, Hillman KeyKrafter, KeyHero Technology, Precision Laser Key System, SmartBox Automotive Key Programmer, Quick-Tag, TagWorks, and FIDO. This segment serves high-foot traffic areas where retailers can provide consumers with on-the-spot, customized licensed and unlicensed key and engraving options.

• Canada: This segment distributes fasteners and related hardware items, threaded rod, keys, key duplicating systems, accessories, and identification items to hardware stores, home centers, mass merchants, industrial distributors, automotive aftermarket distributors, and other retail outlets and industrial Original Equipment Manufacturers in Canada.

Hillman Solutions Corp. holds a strong position within the hardware and protective solutions industry. The company's key competitors include Primesource Building Products, Inc., Midwest Fastener Corporation, Illinois Tool Works Inc., Spectrum Brands, and direct import by customers. In the gloves and personal protective equipment market, competitors include Techtronic Industries, West Chester Protective Gear, PIP, Iron Clad, and MidWest Quality Gloves, Inc. Hillman's competitive advantages lie in its product innovation, in-store merchandising service, and the largest direct sales force in the industry. The company's patent-protected technology in the pet tag market also serves as a significant barrier to entry.

Hillman Solutions Corp. serves a diverse range of customers, including national accounts such as Home Depot, Lowe's, Tractor Supply, Walmart, Menard's, PETCO, and PetSmart. The company also services a wide variety of franchise and independent retail outlets, many of which are members of larger cooperatives like Ace Hardware and Do It Best Corp. Hillman's customer base benefits from the company's extensive product selection, regular retailer visits by field sales and service organizations, and comprehensive merchandising services.