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) reported strong Q3 results for fiscal 2023, with sales reaching $219.2 million, a 17% year-over-year increase, driven by a 38% rise in the Water Treatment segment. Gross profit rose 7% to $36.3 million, supporting an operating income of $15.3 million, also up 7%. The diluted EPS increased 6% to $0.51, contributing to a year-to-date EPS of $2.31, a 19% increase. Adjusted EBITDA grew 10% to $23.8 million. Despite rising material costs impacting profits, Hawkins remains optimistic about cash flow and debt reduction plans. Their trailing twelve-month revenue now stands at $930 million.
On February 1, 2023, Hawkins, Inc. (Nasdaq: HWKN) announced a 7% increase in its quarterly cash dividend, raising it to $0.15 per share. This dividend will be payable on March 3, 2023, to shareholders on record as of February 17, 2023. Hawkins has a strong history of consistent dividend payments since 1985.
Hawkins, Inc., founded in 1938, is a leading specialty chemical and ingredients company, generating $775 million in revenue in fiscal 2022. The company operates 51 facilities across 25 states and employs approximately 800 individuals.
Hawkins, Inc. (Nasdaq: HWKN) announced it will release its fiscal 2023 third-quarter financial results on February 1, 2023, after the market closes. The announcement highlights the company's ongoing operations in specialty chemicals and ingredients across various sectors, including Industrial, Water Treatment, and Health & Nutrition. In fiscal 2022, Hawkins generated $775 million in revenue and operates 51 facilities across 25 states, employing approximately 800 people. The forthcoming earnings report is anticipated to provide insight into the company's financial performance and future outlook.
Hawkins, Inc. (HWKN) reported outstanding second-quarter results for fiscal 2023, achieving record metrics across sales, gross profit, operating income, and EPS. Sales reached $241.2 million, marking a 32% year-over-year increase, while gross profit rose 24% to $46.4 million. Operating income grew by 35% to $26.5 million, and EPS increased by 28% to $0.86. Adjusted EBITDA hit $34.0 million, up 28%. However, rising material costs led to a $5.3 million LIFO charge. Despite a strong performance across sectors, the company anticipates flat EPS in Q3 due to additional cost pressures and supply chain challenges.
The Board of Directors of Hawkins, Inc. (Nasdaq: HWKN) declared a quarterly cash dividend of $0.14 per share, payable on December 2, 2022. Shareholders of record as of November 18, 2022, will receive this dividend. Hawkins has maintained a consistent dividend payout since 1985. The company, founded in 1938, reported $775 million in revenue for fiscal 2022 and operates 51 facilities across 25 states.
Hawkins, Inc. (Nasdaq: HWKN) plans to release its fiscal 2023 second quarter financial results on November 2, 2022, at approximately 4:10 p.m. Eastern Time. The company generated $775 million in revenue for fiscal 2022 and operates 51 facilities across 25 states. Founded in 1938, Hawkins specializes in chemicals and ingredients, serving Industrial, Water Treatment, and Health & Nutrition sectors. For updates, visit Hawkins Investor Relations.
Hawkins, Inc. (Nasdaq: HWKN) has announced the expansion of its Water Treatment Group into Delaware, bringing the total to 39 facilities across 23 states. This strategic extension follows aggressive growth initiatives, including acquisitions and new locations, resulting in a 34% revenue increase for the water treatment group in fiscal 2022. The company also achieved a 15% compounded annual growth rate over the past three years. CEO Patrick H. Hawkins emphasized plans for continued profitable growth through both organic methods and further acquisitions.
Hawkins, Inc. (Nasdaq: HWKN) announced that its CEO, Patrick Hawkins, and CFO, Jeff Oldenkamp, will participate in the Sidoti & Company small-cap virtual investor conference on September 22, 2022. This event, attended by nearly 500 North American institutional investment firms, focuses on small-cap companies. Hawkins management will also be available for individual one-on-one meetings on the same day. Hawkins, founded in 1938, specializes in chemicals and ingredients, generating $775 million in revenue in fiscal 2022, with around 800 employees across 49 facilities in 24 states.
Hawkins, Inc. (HWKN) reported its fiscal Q1 2023 results with record sales of $246.5 million, a 36% increase year-over-year. Gross profit reached $46.7 million, up 20%, while operating income rose to $27.9 million, a 26% increase. Diluted EPS was $0.94, reflecting a 19% improvement compared to the prior year. Adjusted EBITDA also increased to $34.3 million, an 18% gain. Despite strong performance, rising raw material costs impacted gross margins, leading to a $3.8 million LIFO expense charge. The company completed a facility expansion in Centralia, increasing production capacity by 50% for growth in food ingredients.
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