HAWKINS, INC. CONTINUES TO EXPAND WATER TREATMENT FOOTPRINT WITH NEW LOCATION IN GREENVILLE, SOUTH CAROLINA

Rhea-AI Summary

Hawkins Inc. (Nasdaq: HWKN) has expanded its Water Treatment Group into South Carolina, leasing a new facility in Greenville, expected to commence operations next month. This addition raises the total to 33 Water Treatment branches across 20 states. CEO Patrick H. Hawkins reported a 35% increase in earnings per share over the first three quarters of the fiscal year, attributable to an aggressive expansion strategy, including two recent acquisitions and two new locations. In fiscal 2020, the company generated $540 million in revenue.

Positive

• Expansion into South Carolina increases Water Treatment branches to 33.
• Earnings per share grew 35% in the first three quarters of the fiscal year.
• Successful integration of recent acquisitions and establishment of new locations.

Negative

• None.

Roseville, MN, Feb. 24, 2021 (GLOBE NEWSWIRE) -- Hawkins Inc. (Nasdaq: HWKN) today announced that it has extended the footprint of its Water Treatment Group into South Carolina.  Hawkins has leased a building in Greenville, South Carolina and expects to start operations next month.  With this new location, the Company now has 33 Water Treatment branches spread across 20 states.

“Over the last twelve months we have aggressively added four new Water Treatment branches—two through acquisitions and two through purchasing or leasing buildings,” said Patrick H. Hawkins, Chief Executive Officer and President.  “The integration of the acquisitions has been going smoothly, and we are able to quickly get the new greenfield locations up and running to serve current and new customers.”

“Our earnings per share grew 35% in the first three quarters of this fiscal year due to our continued focus and execution on our long-term strategy, which includes adding Water Treatment locations annually,” said Mr. Hawkins. 

Hawkins, Inc. was founded in 1938 and is a leading specialty chemical company that distributes, blends and manufactures chemicals and other specialty ingredients for its Industrial, Water Treatment, and Health & Nutrition customers.  Headquartered in Roseville, Minnesota, and with 47 facilities in 22 states, the Company creates value for its customers through superb customer service and support, quality products and personalized applications.  Hawkins, Inc. generated $540 million of revenue in fiscal 2020 and has approximately 700 employees.  For more information, including registering to receive email alerts, please visit www.hawkinsinc.com/investors.

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FAQ

What is Hawkins Inc.'s recent expansion in the Water Treatment sector?

Hawkins Inc. has expanded into South Carolina by leasing a facility in Greenville, increasing its Water Treatment branches to 33 across 20 states.

What growth in earnings per share did Hawkins Inc. report?

Hawkins Inc. reported a 35% increase in earnings per share for the first three quarters of the fiscal year.

How many Water Treatment branches does Hawkins Inc. currently have?

Hawkins Inc. now has 33 Water Treatment branches after its latest expansion.

When is Hawkins Inc. expected to begin operations in South Carolina?

Hawkins Inc. expects to start operations at its new South Carolina facility next month.

What was Hawkins Inc.'s revenue in fiscal 2020?

Hawkins Inc. generated $540 million in revenue for fiscal 2020.