Hillman Solutions (HLMN) Soars 19% on Impressive Q2, Higher Growth Outlook

We recently published 10 Stocks With Surprising Gains Amid Market Meltdown. Hillman Solutions Corp. (NASDAQ:HLMN) is one of the best-performing stocks on Tuesday.

Hillman Solutions surged by 19.07 percent on Tuesday to close at $9.68 apiece as investors cheered its impressive earnings performance that encouraged a higher growth outlook for the rest of the year.

In its earnings release, Hillman Solutions Corp. (NASDAQ:HLMN) grew its net income in the second quarter of the year by 26.4 percent to $15.8 million from $12.5 million in the same period last year. Revenues increased by 6 percent to $402.8 million from $379 million year-on-year.

Net income for the first half jumped by 40.9 percent to $15.5 million from $11 million in the same comparable period, while net sales grew by 4 percent to $762 million from $729.7 million year-on-year.

For the full-year period, Hillman Solutions Corp. (NASDAQ:HLMN) raised the low-end guidance of its net sales target to $1.535 billion from $1.495 billion, with a high-end guidance of $1.575 billion.

To give the company and its shareholders greater value, Hillman Solutions Corp. (NASDAQ:HLMN) announced plans to launch a $100 million share buyback program from time to time at management’s discretion.

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