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.
Overview
Hawkins Inc. (HWKN) is a comprehensive chemical solutions provider with deep expertise in the formulation, manufacturing, blending, and distribution of high-quality industrial chemicals and reagent grade laboratory chemicals. As a company catering to broad industry needs, Hawkins operates in a competitive niche of chemical distribution with a strong focus on technical expertise, safety, and personalized customer service. Its product portfolio addresses industrial applications, water treatment challenges, and health & nutrition ingredients, ensuring that municipalities, manufacturers, and research laboratories receive consistent and reliable service.
Key industry keywords such as "chemical distribution", "industrial chemicals", and "water treatment" are embedded within its first-line description, setting the stage for investors and industry enthusiasts to understand its unique market position and operational prowess.
Business Segments
Hawkins organizes its operations into three primary segments, each addressing distinct market needs:
- Industrial Segment: This core unit is dedicated to manufacturing and selling various industrial chemicals, including private label bleach, caustic soda, and acids. It serves manufacturers across sectors such as food, dairy, and general production by offering quality reagents and chemicals that drive production processes.
- Water Treatment Segment: Focused on municipal and industrial water treatment, this segment supplies chemicals and related equipment for potable water processing, wastewater treatment, and industrial process water management. Its operations extend to non-residential applications such as swimming pool water treatment, showcasing its versatility and commitment to environmental and public health.
- Health and Nutrition Segment: This segment encompasses the formulation and distribution of specialty ingredients available to food, beverage, personal care, and dietary supplement producers. It emphasizes quality and safety, catering to a market that requires precise and consistent chemical formulations.
Operational Excellence and Market Position
With decades of industry experience dating back to its founding in 1938, Hawkins exhibits a strong heritage in chemical manufacturing and distribution. The company distinguishes itself by adapting quickly to changing chemical needs through technical expertise, teamwork, and an unwavering focus on customer satisfaction. Through its rigorous quality control measures and a broad network of facilities, Hawkins not only meets regulatory standards but also exceeds customer expectations by delivering tailor-made chemical solutions.
Hawkins maintains a robust operational framework with multiple strategically located facilities across various states. This geographically diverse presence ensures that clients receive timely access to products and responsive service. The company's structured business model allows it to cater to both short-term technical requirements and long-term industrial applications, reinforcing its reputation as a dependable specialty chemical provider.
Growth Through Strategic Acquisitions
In addition to organic growth, Hawkins has successfully expanded its market footprint through strategic acquisitions. The integration of companies specializing in water treatment and related chemical distribution has allowed Hawkins to fill regional voids and enhance service capabilities. Each acquisition is accompanied by efforts to maintain local relationships and community connectivity, ensuring that the technical excellence and customer service the company is known for remain uncompromised.
Commitment to Quality and Service
The company’s mission is to exceed customer expectations by providing high-quality, service-oriented chemical solutions. This commitment is rooted in its focus on technical expertise, safety, and responsible operations. Customers benefit from a strong track record of innovation in formulating and blending chemicals, which is critical in industries where consistency and precision are paramount.
Industry Relevance and Expertise
Operating in an industry that demands both scientific rigor and operational flexibility, Hawkins leverages its extensive experience to address a wide array of chemical challenges. The regular introduction of innovative formulations and the continuous improvement of production processes highlight its expertise in serving diverse markets. Whether it is for water treatment applications or specialized ingredient formulation, Hawkins stands as a reliable partner for organizations that depend on quality chemical products.
The company’s advanced technical capabilities, combined with an established track record, have made it a vital cog in the industrial, environmental, and health sectors. Its balanced approach of organic growth and targeted acquisitions ensures that the company remains agile while addressing a broad spectrum of market needs without overreliance on any single product line.
Conclusion
In summary, Hawkins Inc. represents a well-rounded and technically proficient entity in the specialty chemical and ingredients sector. With operations spanning industrial chemicals, water treatment, and health & nutrition, the company consistently delivers value through quality formulations, expansive distribution networks, and strategic market presence. Its operational discipline, commitment to customer-focused service, and clear dedication to technical excellence underscore its significance within the broader chemical supply chain.
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.