Hillman Group reported net sales, including fasteners, increased 10% to $207.6 million in the opening quarter of 2018. Income from operations nearly tripled to $9.1 million, while loss before income taxes was $7.5 million compared to the prior year pre-tax loss of $12.4 million. Adjusted EBITDA1 increased 2.5% to $26.2 million.

“We had a strong start to fiscal year 2018 with top line growth of 10.0% as we benefited from the acquisition of ST Fastening Systems in late 2017, as well as the rollout of our key program to a significant new customer,” commented CEO Greg Gluchowski. “Operationally, integration activities are well underway with ST Fastening Systems, and our teams continued delivering superior customer service through the first quarter of 2018.”

Hillman acquired Tyler, TX-based ST Fastening Systems, a specialty fastener manufacturer and distributor for an disclosed sum.

Founded in 1964, Hillman distributes fasteners, key duplication systems, engraved tags, and related hardware items to over 26,000 retail customers in the U.S., Canada, Mexico, South America, and Australia. Web: HillmanGroup.com