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 (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.
Hawkins, Inc. (Nasdaq: HWKN) has announced the upcoming release of its fiscal 2025 first quarter financial results. The company, which operates on a fiscal year different from the calendar year, will disclose its financial performance for the quarter ended June 30, 2024. The results are scheduled to be released after market close on July 31, 2024, at approximately 4:10 p.m. Eastern Time. This announcement sets expectations for investors and analysts who follow the company's financial performance.
Hawkins, Inc. (Nasdaq: HWKN) has been certified as a Great Place to Work for the fourth consecutive year. This recognition is based on employee feedback about their workplace experience, with 89% of employees stating that customers would rate their service as 'excellent' and 87% feeling welcomed when joining the company.
The certification process, conducted by Great Place to Work, an independent research firm, evaluates over 60 elements of job experience. CEO Patrick Hawkins emphasized the company's priority on employee care, which translates to excellent customer service. Research shows that job seekers are 4.5 times more likely to find a great boss at certified workplaces, and employees at these companies are 93% more likely to look forward to work.
Hawkins (Nasdaq: HWKN), a leading specialty chemical and ingredients company, announced the acquisition of Wofford Water Service, a distributor of water treatment chemicals and equipment based in Mississippi. This acquisition aligns with Hawkins' strategic plan to grow its water treatment business and expand its customer base in the southern U.S. Hawkins CEO, Patrick H. Hawkins, emphasized that the acquisition extends Hawkins' reach in Mississippi, where the company currently has business. He also highlighted the strong community connections Wofford Water Service has established, which Hawkins intends to maintain as part of its growth strategy.
Hawkins (Nasdaq: HWKN) has acquired the assets of Intercoastal Trading, which distributes water treatment chemicals and equipment in Maryland, Delaware, and Virginia. This acquisition will enhance Hawkins' East Coast presence. CEO Patrick H. Hawkins stated that this expansion is expected to be accretive to earnings per share in this fiscal year, with a leverage ratio of about 1x EBITDA at quarter end. All previous acquisitions in fiscal 2024 are meeting or exceeding business plans. Intercoastal's employees will benefit from Hawkins' resources, ensuring continued customer service excellence.
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