Welcome to our dedicated page for Hawkins news (Ticker: HWKN), a resource for investors and traders seeking the latest updates and insights on Hawkins stock.
Hawkins Inc. (HWKN) is a prominent specialty chemical and ingredients company headquartered in Roseville, Minnesota. Established in 1938, the company has evolved into a significant player in the chemical industry, serving diverse sectors through its three primary segments: Industrial, Water Treatment, and Health & Nutrition. Hawkins Inc. formulates, manufactures, blends, and distributes thousands of chemical products that cater to municipalities and businesses across the central United States.
Core Business Operations:
- Industrial Segment: The largest revenue generator, this segment offers a range of chemicals including private label bleach, caustic soda, sulfuric acid, hydrochloric acid, phosphoric acid, potassium hydroxide, and aqua ammonia. These products are vital for various industrial processes and applications.
- Water Treatment Segment: Specializes in providing chemicals and equipment for potable water treatment, municipal and industrial wastewater treatment, and non-residential swimming pool water treatment. Recent acquisitions such as Water Solutions Unlimited and Miami Products have expanded this segment's footprint and capabilities, contributing to its strong revenue and profit growth.
- Health & Nutrition Segment: Supplies ingredients to producers of food, beverages, personal care items, and dietary supplements. This segment has shown resilience and signs of improvement, despite facing challenges related to customer demand and inventory levels.
Recent Achievements and Financial Performance:
Hawkins Inc. reported robust financial performance in recent quarters, marked by significant growth in its Water Treatment segment and steady improvements in other areas. The company's strategy to increase its Water Treatment footprint through acquisitions has proven successful, with completed deals bolstering revenue and operational capacity. The latest acquisition of Intercoastal Trading further enhances Hawkins' capabilities in the highly populated East Coast region.
For the third quarter of fiscal 2024, Hawkins Inc. recorded net income of $14.9 million or $0.71 per diluted share, reflecting a 39% increase from the previous year. Sales for the quarter were $208.5 million, with notable growth in the Water Treatment segment. The company's effective tax rate and disciplined inventory management contributed to a strong balance sheet and reduced leverage ratio.
The company continues to prioritize customer service, quality products, and responsible environmental management. Hawkins Inc. employs approximately 950 people across 60 facilities in 27 states, generating $919 million in revenue for fiscal 2024.
Hawkins Inc. remains committed to exceeding customer expectations and adapting swiftly to changing needs through technical expertise and teamwork. Investors can look forward to continued growth and profitability driven by strategic acquisitions and efficient operations.
Hawkins Inc (Nasdaq: HWKN) has completed the acquisition of Amerochem 's assets, marking its second acquisition in North Carolina and establishing its 50th Water Treatment location across the United States. Amerochem specializes in distributing water treatment chemicals and equipment throughout North Carolina and has been in operation for over 30 years.
The acquisition aligns with Hawkins' expansion strategy in the water treatment sector. Amerochem's President and Owner, Woodrow 'Woody' Wright, chose Hawkins specifically for their shared values and business approach. The integration aims to maintain and expand Amerochem's existing customer, supplier, and employee relationships while supporting future growth opportunities.
Hawkins Inc (NASDAQ: HWKN) reported strong Q3 FY2025 results with record performance in key metrics. Revenue grew 8% to $226.2M, driven by a 22% increase in Water Treatment segment revenue to $99.8M. The company achieved net income of $15.0M and diluted EPS of $0.72.
The Water Treatment segment showed robust growth from acquisitions and 9% organic volume growth. The Industrial segment saw a slight revenue decline of 1% due to lower selling prices, while Health and Nutrition segment revenue increased 3%. Gross profit rose 15% to $48.4M, with notable improvements in Water Treatment (29%) and Health and Nutrition (31%) segments.
The company maintains a strong balance sheet with a leverage ratio of 0.7x trailing 12-month proforma adjusted EBITDA. Adjusted EBITDA increased 13% to $33.6M. Management expects continued growth in Water Treatment and Health and Nutrition segments.
Hawkins Inc (Nasdaq: HWKN) has declared a quarterly cash dividend of $0.18 per share, payable February 28, 2025, to shareholders of record as of February 14, 2025. The dividend declaration was made by the Board of Directors at their meeting on January 29, 2025.
The company, founded in 1938, is a water treatment and specialty ingredients company that has maintained consistent dividend payments since 1985. Operating through 61 facilities across 28 states, Hawkins serves Industrial, Water Treatment, and Health & Nutrition customers with product formulation, distribution, blending, and manufacturing services. The company reported revenue of $919 million in fiscal 2024 and employs approximately 1,000 people.
Hawkins (Nasdaq: HWKN) has announced it will release its fiscal 2025 third quarter financial results on January 29, 2025. The results, covering the period ended December 29, 2024, will be made public after market close at approximately 4:10 p.m. Eastern Time.
Hawkins (HWKN) reported record second quarter fiscal 2025 results with overall revenue growth of 4% to $247.0 million. The Water Treatment segment led growth with a 23% increase to $124.5 million, while Industrial segment sales decreased 9% to $89.9 million and Health & Nutrition declined 12% to $32.6 million. Net income reached $24.1 million with diluted EPS of $1.16, up 5% year-over-year. Gross profit increased 12% to $60.2 million, and adjusted EBITDA grew 12% to $46.3 million. The company maintained a strong balance sheet, paying down $30 million in debt with a leverage ratio of 0.65x.
Hawkins Inc (Nasdaq: HWKN) has declared a quarterly cash dividend of $0.18 per share, payable November 29, 2024, to shareholders of record as of November 15, 2024. The company has maintained consistent dividend payments since 1985. Hawkins, founded in 1938, operates as a specialty chemical and ingredients company with 61 facilities across 28 states, serving Industrial, Water Treatment, and Health & Nutrition sectors. The company generated $919 million in revenue for fiscal 2024 and employs approximately 1,000 people.
Hawkins Inc (Nasdaq: HWKN) has acquired Water Guard Inc, a water treatment chemicals and equipment distributor serving Virginia and the Carolinas since 1978. The acquisition provides Hawkins with its first location in North Carolina, supporting its East Coast expansion strategy. Water Guard's customers will benefit from expanded product offerings and additional resources while maintaining the company's commitment to outstanding products and services.
Hawkins, Inc. (Nasdaq: HWKN) has announced the upcoming release of its fiscal 2025 second quarter financial results. The company, which ended its second quarter on September 29, 2024, plans to disclose these results after the market closes on October 30, 2024, at approximately 4:10 p.m. Eastern Time. This announcement sets the stage for investors and analysts to gain insights into Hawkins' financial performance for the most recent quarter.
Hawkins, Inc. (Nasdaq: HWKN) reported record Q1 FY2025 results with revenue growing 2% to $255.9 million, driven by a 25% increase in Water Treatment segment sales. Diluted EPS rose 23% to $1.38, while adjusted EBITDA increased 25% to $50.9 million. Gross profit grew 24% to $64.7 million, with all three segments showing double-digit growth. The company completed two acquisitions in the Water Treatment segment, expanding its geographic reach. Hawkins' CEO Patrick H. Hawkins highlighted the company's strong performance, with Water Treatment becoming the largest reporting segment and profitability growing over 20%. The company's balance sheet remains strong with a leverage ratio of 0.84x.
Hawkins, Inc. (Nasdaq: HWKN) has announced a 13% increase in its quarterly cash dividend to $0.18 per share, payable on August 30, 2024, to shareholders of record as of August 16, 2024. This decision, made by the Board of Directors on July 31, 2024, continues Hawkins' tradition of consistent dividend payments since 1985.
Hawkins, founded in 1938, is a leading specialty chemical and ingredients company serving Industrial, Water Treatment, and Health & Nutrition sectors. With 60 facilities across 27 states and approximately 950 employees, the company generated $919 million in revenue for fiscal 2024. Hawkins is known for its superb customer service, quality products, and personalized applications.
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