Form: 10-Q

Quarterly report pursuant to Section 13 or 15(d)

November 3, 2021

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended September 25, 2021
OR
  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from ______ to ______
Commission file number 001-39609
Hillman Solutions Corp.
(Exact name of registrant as specified in its charter)
Delaware 85-2096734
(State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.)
10590 Hamilton Avenue 45231
Cincinnati , Ohio
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: (513851-4900
Securities registered pursuant to Section 12(g) of the Act: None
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes      No  
Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes      No  

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b‑2 of the Exchange Act. (Check one):
Large accelerated filer      Accelerated filer  
Non-accelerated filer  
  (Do not check if a smaller reporting company)
   Smaller reporting company  
Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.   
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes      No  
Securities registered pursuant to Section 12(b) of the Act:
Title of Each Class Trading Symbol(s) Name of Each Exchange on Which Registered
Common Stock, par value $0.0001 per share HLMN The Nasdaq Stock Market LLC
Warrants to purchase one share of common stock, each at an exercise price of $11.50 per share HLMNW The Nasdaq Stock Market LLC
On November 3, 2021, 187,569,511 shares of common stock, par value $0.0001 per share, were issued and outstanding.


Table of Contents
HILLMAN SOLUTIONS CORP. AND SUBSIDIARIES
INDEX
 
PART I. FINANCIAL INFORMATION PAGE
Item 1.
Item 2.
Item 3.
Item 4.
PART II. OTHER INFORMATION
Item 1.
Item 1A.
Item 2.
Item 3.
Item 4.
Item 5.
Item 6.

Page 2 

Table of Contents
HILLMAN SOLUTIONS CORP. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)
(dollars in thousands, except per share amounts)

  September 25,
2021
December 26,
2020
ASSETS
Current assets:
Cash and cash equivalents $ 14,429  $ 21,520 
Accounts receivable, net of allowances of $2,210 ($2,395 - 2020)
139,716  121,228 
Inventories, net 506,397  391,679 
Other current assets 15,600  19,280 
Total current assets 676,142  553,707 
Property and equipment, net of accumulated depreciation of $273,966 ($236,031 - 2020)
173,170  182,674 
Goodwill 825,981  816,200 
Other intangibles, net of accumulated amortization of $337,361 ($291,434 - 2020)
810,559  825,966 
Operating lease right of use assets 84,871  76,820 
Deferred tax assets 2,016  2,075 
Other assets 14,295  11,176 
Total assets $ 2,587,034  $ 2,468,618 
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable $ 219,397  $ 201,461 
Current portion of debt and capital leases 7,174  11,481 
Current portion of operating lease liabilities 12,680  12,168 
Accrued expenses:
Salaries and wages 11,893  29,800 
Pricing allowances 9,878  6,422 
Income and other taxes 4,252  5,986 
Interest 940  12,988 
Other accrued expenses 36,613  31,605 
Total current liabilities 302,827  311,911 
Long term debt 890,623  1,535,508 
Warrant liabilities 81,180   
Deferred tax liabilities 139,547  156,118 
Operating lease liabilities 77,238  68,934 
Other non-current liabilities 22,189  31,560 
Total liabilities $ 1,513,604  $ 2,104,031 
Commitments and contingencies (Note 6)
Stockholders' Equity:
Common stock, $0.0001 par, 500,000,000 shares authorized, 187,569,511 issued and 187,481,206 outstanding at September 25, 2021 and 90,934,930 issued and outstanding at December 26, 2020
19  9 
Additional paid-in capital 1,317,706  565,815 
Accumulated deficit (216,728) (171,849)
Accumulated other comprehensive loss (27,567) (29,388)
Total stockholders' equity 1,073,430  364,587 
Total liabilities and stockholders' equity $ 2,587,034  $ 2,468,618 
The accompanying notes are an integral part of these Condensed Consolidated Financial Statements.

Page 3 

Table of Contents
HILLMAN SOLUTIONS CORP. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited)
(dollars in thousands, except per share amounts)


Thirteen Weeks Ended
September 25, 2021
Thirteen Weeks Ended
September 26, 2020
Thirty-nine Weeks Ended
September 25, 2021
Thirty-nine Weeks Ended
September 26, 2020
Net sales $ 364,480  $ 398,680  $ 1,081,476  $ 1,041,226 
Cost of sales (exclusive of depreciation and amortization shown separately below) 236,999  227,481  654,264  590,294 
Selling, general and administrative expenses 110,447  107,333  325,288  292,056 
Depreciation 14,454  15,926  46,065  50,673 
Amortization 15,504  14,883  45,827  44,596 
Management fees to related party 56  130  270  451 
Other (income) expense 315  (2,175) (2,232) (2,120)
Income (loss) from operations (13,295) 35,102  11,994  65,276 
Loss on change in fair value of warrant liability 3,990    3,990   
Interest expense, net 11,801  20,688  49,979  67,746 
Interest expense on junior subordinated debentures 1,471  3,219  7,775  9,555 
(Gain) loss on mark-to-market adjustments (261) (773) (1,685) 1,169 
Refinancing charges 8,070    8,070   
Investment income on trust common securities (44) (94) (233) (283)
Income (loss) before income taxes (38,322) 12,062  (55,902) (12,911)
Income tax provision (benefit) (5,798) 2,758  (11,023) (2,374)
Net income (loss) $ (32,524) $ 9,304  $ (44,879) $ (10,537)
Basic income (loss) per share $ (0.19) $ 0.10  $ (0.38) $ (0.12)
Weighted average basic shares outstanding 168,440 89,745 116,945 89,673
Diluted income (loss) per share $ (0.19) $ 0.10  $ (0.38) $ (0.12)
Weighted average diluted shares outstanding 168,440 90,525 116,945 89,673
Net income (loss) from above $ (32,524) $ 9,304  $ (44,879) $ (10,537)
Other comprehensive income (loss):
Foreign currency translation adjustments (4,740) 3,070  1,575  (4,500)
Hedging activity 246    246   
Total other comprehensive income (loss) (4,494) 3,070  1,821  (4,500)
Comprehensive income (loss) $ (37,018) $ 12,374  $ (43,058) $ (15,037)

The accompanying notes are an integral part of these Condensed Consolidated Financial Statements.


Page 4 

Table of Contents
HILLMAN SOLUTIONS CORP. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)
(dollars in thousands)
  Thirty-nine Weeks Ended
September 25, 2021
Thirty-nine Weeks Ended
September 26, 2020
Cash flows from operating activities:
Net loss $ (44,879) $ (10,537)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization 91,892  95,269 
Deferred income taxes (21,538) (1,963)
Deferred financing and original issue discount amortization 3,036  2,805 
Stock-based compensation expense 8,817  3,818 
Increase in fair value of warrant liabilities 3,990   
Write off of deferred financing fees, premiums and discounts associated with debt refinancing (8,372)  
Asset impairment   210 
(Gain) on disposal of property and equipment   (23)
Change in fair value of contingent consideration (1,110) (1,300)
Other non-cash interest and change in value of interest rate swap (1,685) 1,245 
Changes in operating items:
Accounts receivable (17,097) (60,470)
Inventories (110,065) (16,793)
Other assets 3,003  (15,276)
Accounts payable 12,896  42,201 
Other accrued liabilities (24,193) 28,402 
Net cash provided by (used for) operating activities (105,305) 67,588 
Cash flows from investing activities:
Acquisition of business, net of cash received (39,102) (800)
Capital expenditures (36,955) (29,182)
Net cash used for investing activities (76,057) (29,982)
Cash flows from financing activities:
Repayments of senior term loans (1,072,042) (7,956)
Borrowings on senior term loans 883,872   
Proceeds from recapitalization of Landcadia, net of transaction costs 455,161   
Proceeds from sale of common stock in PIPE, net of issuance costs 363,301   
Repayments of senior notes (330,000)  
Repayment of Junior Subordinated Debentures (108,707)  
Financing fees (20,988)  
Borrowings on revolving credit loans 246,000  78,000 
Repayments of revolving credit loans (244,000) (94,000)
Principal payments under finance and capitalized lease obligations (697) (624)
Proceeds from exercise of stock options 1,761   
Net cash (used by) provided by financing activities 173,661  (24,580)
Effect of exchange rate changes on cash 610  (63)
Net decrease in cash and cash equivalents (7,091) 12,963 
Cash and cash equivalents at beginning of period 21,520  19,973 
Cash and cash equivalents at end of period $ 14,429  $ 32,936 
Supplemental disclosure of cash flow information:
Interest paid on junior subordinated debentures, net $ 7,542  $ 9,272 
Interest paid 55,624  59,147 
Income taxes paid 1,990  475 

The accompanying notes are an integral part of these Condensed Consolidated Financial Statements.
Page 5 

Table of Contents
HILLMAN SOLUTIONS CORP. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS’ EQUITY (Unaudited)
(dollars in thousands)
Common Stock Treasury Stock
Shares Amount Shares Amount Additional Paid-in-capital Accumulated Deficit Accumulated Other Comprehensive Loss Total Stockholders' Equity
Thirty-nine weeks ended September 25, 2021
Balance at December 26, 2020 90,934,930  $ 9  —  $ —  $ 565,815  $ (171,849) $ (29,388) $ 364,587 
Net Loss —  —  —  —  —  (8,970) —  (8,970)
Stock-based compensation —  —  —  —  1,741  —  —  1,741 
Proceeds from exercise of stock options 268,253  $ —  —  $ —  1,643  —  —  1,643 
Change in cumulative foreign currency translation adjustment  —  —  —  —  —  —  2,473  2,473 
Balance at March 27, 2021 91,203,183  $ 9  —  $ —  $ 569,199  $ (180,819) $ (26,915) $ 361,474 
Net Loss —  —  —  —  —  (3,385) —  (3,385)
Stock-based compensation —  —  —  —  1,796  —  —  1,796 
Proceeds from exercise of stock options 17,718  —  —  —  118  —  —  118 
Change in cumulative foreign currency translation adjustment  —  —  —  —  —  —  3,842  3,842 
Balance at June 26, 2021 91,220,901  $ 9  —  $ —  $ 571,113  $ (184,204) $ (23,073) $ 363,845 
Net Loss —  —  —  —  —  (32,524) —  (32,524)
Stock-based compensation —  —  —  —  5,280  —  —  5,280 
Vesting of restricted shares 88,305  —  —  —  —  —  —  — 
Proceeds from exercise of stock options —  —  —  —  —  —  —  — 
Recapitalization of Landcadia, net of issuance costs and fair value of of assets and liabilities acquired 58,672,000  6  —  —  378,016  —  —  378,022 
Shares issued to PIPE, net of issuance costs 37,500,000  4  —  —  363,297  —  363,301 
Hedging activity —  —  —  —  —  —  246  246 
Change in cumulative foreign currency translation adjustment  —  —  —  —  —  —  (4,740) (4,740)
Balance at September 25, 2021 187,481,206  $ 19  —  $ —  $ 1,317,706  $ (216,728) $ (27,567) $ 1,073,430 
Thirty-nine weeks ended September 26, 2020
Balance at December 28, 2019 548,040  $ 5  (4,740) $ (4,320) $ 557,674  $ (147,350) $ (32,040) $ 373,969 
Retroactive application of recapitalization 89,001,575  4  4,740  4,320  (4,324)      
Balance at December 28, 2019 - Recast 89,549,615  9      553,350  (147,350) (32,040) 373,969 
Net Loss —  —  —  —  —  (14,804) —  (14,804)
Stock-based compensation —  —  —  —  1,145  —  —  1,145 
Vesting of restricted shares 88,305  —  —  —  —  —  —  — 
Change in cumulative foreign currency translation adjustment  —  —  —  —  —  —  (11,213) (11,213)
Balance at March 28, 2020 89,637,920  $ 9  —  $ —  $ 554,495  $ (162,154) $ (43,253) $ 349,097 
Net Loss —  —  —  —  —  (5,037) —  (5,037)
Stock-based compensation —  —  —  —  1,524  —  —  1,524 
Change in cumulative foreign currency translation adjustment  —  —  —  —  —  —  3,643  3,643 
Balance at June 27, 2020 89,637,920  $ 9  —  $ —  $ 556,019  $ (167,191) $ (39,610) $ 349,227 
Net Income —  —  —  —  —  9,304  —  9,304 
Stock-based compensation —  —  —  —  1,148  —  —  1,148 
Vesting of restricted shares 88,305 —  —  —  —  —  —  — 
Change in cumulative foreign currency translation adjustment  —  —  —  —  —  —  3,070  3,070 
Balance at September 26, 2020 89,726,225  $ 9  —  $ —  $ 557,167  $ (157,887) $ (36,540) $ 362,749 


The accompanying notes are an integral part of these Condensed Consolidated Financial Statements.
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HILLMAN SOLUTIONS CORP. AND SUBSIDIARIES
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(dollars in thousands)
 

1. Basis of Presentation:

Hillman Solutions Corp., its predecessor for accounting purposes HMAN Group Holdings Inc.., and wholly-owned subsidiaries are collectively referred to herein as the "Company." The accompanying unaudited financial statements include the condensed consolidated accounts of the Company for the thirty-nine weeks ended September 25, 2021. Unless the context requires otherwise, references to "Hillman," "we," "us," "our," or "our Company" refer to Hillman Solutions Corp. and its wholly-owned subsidiaries. All significant intercompany balances and transactions have been eliminated. The Hillman Solutions Corp. is the newly formed parent company of HMAN Group Holdings Inc. (previously known as “Holdco”).

The accompanying unaudited condensed consolidated financial statements present information in accordance with accounting principles generally accepted in the United States for interim financial information and the instructions to Form 10-Q and applicable rules of Regulation S-X. Accordingly, they do not include all information or footnotes required by U.S. generally accepted accounting principles for complete financial statements. Operating results for the thirty-nine weeks ended September 25, 2021 do not necessarily indicate the results that may be expected for the full year. For further information, refer to the consolidated financial statements for the year ended December 26, 2020 and notes thereto included in the S-1 filed on August 25, 2021 with the Securities and Exchange Commission (“SEC”).

On July 14, 2021, privately held HMAN Group Holdings Inc. ("Old Hillman"), and Landcadia Holdings III, Inc. (“Landcadia” and after the Business Combination described herein, “New Hillman”), a special purpose acquisition company ("SPAC") consummated the previously announced business combination (the “Closing”) pursuant to the terms of the Agreement and Plan of Merger, dated as of January 24, 2021 (as amended on March 12, 2021, the "Merger Agreement”) by and among Landcadia, Helios Sun Merger Sub, a wholly-owned subsidiary of Landcadia (“Merger Sub”), HMAN Group Holdings Inc., a Delaware corporation (“Hillman Holdco”) and CCMP Sellers’ Representative, LLC, a Delaware limited liability company in its capacity as the Stockholder Representative thereunder (the “Stockholder Representative”). Pursuant to the terms of the Merger Agreement, Merger Sub merged with and into Hillman Holdco with Hillman Holdco surviving the merger as a wholly owned subsidiary of New Hillman, which was renamed “Hillman Solutions Corp.” (the “Merger” and together with the other transactions contemplated by the Merger Agreement, the “Business Combination”). Unless the context indicates otherwise, the discussion of the Company and its financial condition and results of operations is with respect to New Hillman following the closing date and Old Hillman prior to the closing date. See Note 3 - Merger Agreement for more information.

In connection with the closing of the Business Combination on July 14, 2021, Landcadia changed its name from “Landcadia Holdings III, Inc." to “Hillman Solutions Corp.” and the Company’s common stock and warrants began trading on The Nasdaq Stock Market under the trading symbols “HLMN” and “HLMNW,” respectively.

2. Summary of Significant Accounting Policies:
The significant accounting policies should be read in conjunction with the significant accounting policies included in the S-1 filed on August 25, 2021 with the Securities and Exchange Commission (“SEC”).
Use of Estimates in the Preparation of Financial Statements:
The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the financial statements and the reported amounts of revenues and expenses for the reporting periods. Actual results may differ from these estimates.
The extent to which COVID-19 impacts the Company’s business and financial results will depend on numerous evolving factors including, but not limited to: the magnitude and duration of COVID-19, the extent to which it will impact worldwide macroeconomic conditions including interest rates, employment rates and health insurance coverage, the speed of the anticipated recovery, and governmental and business reactions to the pandemic. The Company assessed certain accounting matters that generally require consideration of forecasted financial information in context with the information reasonably available to the Company and the unknown future impacts of COVID-19 as of September 25, 2021 and through the date of this report. The accounting matters assessed included, but were not limited to the carrying value inventory and the carrying value of the goodwill and other long-lived assets.
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HILLMAN SOLUTIONS CORP. AND SUBSIDIARIES
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(dollars in thousands)
In 2020, the pandemic had a significant impact on the Company's business, driving high demand for personal protective equipment, including face masks, disposable gloves, sanitizing wipes, and disinfecting sprays. During 2020, at the request of our customers, the Company began to sell certain categories of protective and cleaning equipment that are not a part of our core product offerings, including wipes, sprays, masks and bulk boxes of disposable gloves. High demand and limited supply of these products available for retail sale drove prices and cost up in 2020. In contrast, in 2021 the pandemic has had less of an impact on the Company's business, economic activity has generally recovered, and consumer access to personal protective equipment has normalized. By the end of the third quarter of 2021 the Company's product mix has begun to normalize back to near pre-pandemic levels. In 2021, demand for certain protective products softened as vaccines were rolled out and supply returned to a more normal level. In the third quarter of 2021, we evaluated our customers' needs and the market conditions and ultimately decided to exit certain protective product categories. In connection with the exit of these product lines, the Company recorded an inventory valuation charge of $32,026 thousand including the write off of inventory along with costs for donation and disposal of the remaining inventory on hand. Excluding the inventory valuation charge, there was not a material impact to the Company’s consolidated financial statements as of and for the quarter ended September 25, 2021, the Company’s future assessment of the magnitude and duration of COVID-19, as well as other factors, could result in material impacts to the Company’s Consolidated Financial Statements in future reporting periods.

Warrant Liabilities:
The Company accounts for the warrants in accordance with the guidance contained in ASC 815-40 under which the warrants do not meet the criteria for equity treatment and must be recorded as liabilities. Accordingly, the Company classifies the warrants as liabilities at their fair value and adjusts the warrants to fair value at each reporting period. This liability is subject to re-measurement at each balance sheet date until exercised, and any change in fair value is recognized in the Company's statement of operations. See Note 11 - Warrants for additional information.

Revenue Recognition:
Revenue is recognized when control of goods or services is transferred to our customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services. Sales and other taxes the Company collects concurrent with revenue-producing activities are excluded from revenue.
The Company offers a variety of sales incentives to its customers primarily in the form of discounts and rebates. Discounts are recognized in the consolidated financial statements at the date of the related sale. Rebates are based on the revenue to date and the contractual rebate percentage to be paid. A portion of the cost of the rebate is allocated to each underlying sales transaction. Discounts and rebates are included in the determination of net sales.
The Company also establishes reserves for customer returns and allowances. The reserve is established based on historical rates of returns and allowances. The reserve is adjusted quarterly based on actual experience. Returns and allowances are included in the determination of net sales.
The following table displays our disaggregated revenue by product category:

Thirteen weeks ended September 25, 2021
Hardware and Protective Solutions Robotics and Digital Solutions Canada Total Revenue
Fastening and Hardware $ 189,935  $   $ 34,648  $ 224,583 
Personal Protective 71,521    79  71,600 
Keys and Key Accessories   52,586  778  53,364 
Engraving   14,853  20  14,873 
Resharp   60    60 
Consolidated $ 261,456  $ 67,499  $ 35,525  $ 364,480 
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HILLMAN SOLUTIONS CORP. AND SUBSIDIARIES
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(dollars in thousands)
Thirteen weeks ended September 26, 2020
Hardware and Protective Solutions Robotics and Digital Solutions Canada Total Revenue
Fastening and Hardware $ 202,876  $   $ 38,383  $ 241,259 
Personal Protective 97,431    12  97,443 
Keys and Key Accessories   44,974  790  45,764 
Engraving   14,205  2  14,207 
Resharp   7    7 
Consolidated $ 300,307  $ 59,186  $ 39,187  $ 398,680 

Thirty-nine weeks ended September 25, 2021
Hardware and Protective Solutions Robotics and Digital Solutions Canada Total Revenue
Fastening and Hardware $ 557,745  $   $ 114,565  $ 672,310 
Personal Protective 217,769    270  218,039 
Keys and Key Accessories   144,969  1,345  146,314 
Engraving   44,635  53  44,688 
Resharp   125    125 
Consolidated $ 775,514  $ 189,729  $ 116,233  $ 1,081,476 

Thirty-nine weeks ended September 26, 2020
Hardware and Protective Solutions Robotics and Digital Solutions Canada Total Revenue
Fastening and Hardware $ 543,832  $   $ 98,430  $ 642,262 
Personal Protective 239,151    78  239,229 
Keys and Key Accessories   119,001  2,039  121,040 
Engraving   38,666  5  38,671 
Resharp   24    24 
Consolidated $ 782,983  $ 157,691  $ 100,552  $ 1,041,226 

The following table disaggregates our revenue by geographic location:

Thirteen weeks ended September 25, 2021
Hardware and Protective Solutions Robotics and Digital Solutions Canada Total Revenue
United States $ 256,407  $ 66,563  $   $ 322,970 
Canada 1,866  936  35,525  38,327 
Mexico 3,183      3,183 
Consolidated $ 261,456  $ 67,499  $ 35,525  $ 364,480 

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HILLMAN SOLUTIONS CORP. AND SUBSIDIARIES
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(dollars in thousands)
Thirteen weeks ended September 26, 2020
Hardware and Protective Solutions Robotics and Digital Solutions Canada Total Revenue
United States $ 295,689  $ 58,566  $   $ 354,255 
Canada 2,292  620  39,187  42,099 
Mexico 2,326      2,326 
Consolidated $ 300,307  $ 59,186  $ 39,187  $ 398,680 

Thirty-nine weeks ended September 25, 2021
Hardware and Protective Solutions Robotics and Digital Solutions Canada Total Revenue
United States $ 760,946  $ 187,602  $   $ 948,548 
Canada 5,145  2,127  116,233  123,505 
Mexico 9,423      9,423 
Consolidated $ 775,514  $ 189,729  $ 116,233  $ 1,081,476 

Thirty-nine weeks ended September 26, 2020
Hardware and Protective Solutions Robotics and Digital Solutions Canada Total Revenue
United States $ 771,064  $ 156,249  $   $ 927,313 
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