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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.
The Board of Directors of Hawkins, Inc. (HWKN) announced a quarterly cash dividend of $0.14 per share, payable on September 2, 2022, to shareholders on record by the close of business on August 19, 2022. Hawkins, which has consistently paid dividends since 1985, reported $775 million in revenue for fiscal 2022 and operates 49 facilities across 24 states. The company is a leading specialty chemical and ingredients provider serving various industries.
Hawkins, Inc. (Nasdaq: HWKN), a premier specialty chemical company, will participate in the Seaport Research Partners' 11th Annual Summer Investor Conference on August 23-24, 2022. CEO Patrick Hawkins will represent the company during the event, which is expected to attract over 300 institutional investors. The conference will be held virtually, allowing for one-on-one and small group meetings. Hawkins, Inc. generated $775 million in revenue in fiscal 2022 and operates 49 facilities across 24 states.
Hawkins, Inc. (Nasdaq: HWKN) will announce its fiscal 2023 first quarter financial results on August 4, 2022, at 4:10 p.m. Eastern Time. The company, founded in 1938, specializes in chemical and ingredient manufacturing and generated approximately $775 million in revenue for fiscal 2022. Hawkins operates 49 facilities across 24 states, focusing on Industrial, Water Treatment, and Health & Nutrition sectors.
Hawkins, Inc. (Nasdaq: HWKN) reported record fourth-quarter and full-year results for fiscal 2022, with quarterly sales of $223 million, a 37% year-over-year increase. The company achieved a gross profit of $36.3 million, reflecting a 14% increase, and diluted EPS of $0.50, up 16% from last year. For the full year, Hawkins generated annual sales of $774.5 million, an 18% gross profit increase, and diluted EPS of $2.44. The firm completed three acquisitions in the year and issued a second ESG report, aiming for carbon neutrality by 2040.
The Board of Directors of Hawkins, Inc. (Nasdaq: HWKN) declared a quarterly cash dividend of $0.14 per share, payable on June 17, 2022, to shareholders of record at the close of business on June 3, 2022. Hawkins has maintained a consistent dividend payout since 1985. The company, based in Roseville, Minnesota, generated $775 million in revenue for fiscal 2022 and operates 49 facilities across 24 states, focusing on specialty chemicals and ingredients for various industries.
Hawkins, a specialty chemical and ingredients company, will participate in the 3rd Annual Loop Capital Markets Investor Conference on June 1-2, 2022. The first day will feature virtual meetings, while the second day will include in-person meetings at the Westin New York Times Square. Investors interested in one-on-one meetings with management can contact Loop Capital Markets or Hawkins Investor Relations. Founded in 1938 and headquartered in Roseville, Minnesota, Hawkins generated $597 million in revenue in fiscal 2021 and employs around 750 people.
Hawkins, Inc. (Nasdaq: HWKN) will announce its financial results for the fourth quarter and fiscal year ending April 3, 2022, on May 18, 2022, after market hours at around 4:10 p.m. Eastern Time. Hawkins specializes in formulating, distributing, blending, and manufacturing specialty chemical products across various sectors, including Industrial, Water Treatment, and Health & Nutrition. The company reported revenues of $597 million for fiscal 2021 and operates 49 facilities in 24 states, employing approximately 750 individuals.
Hawkins, Inc. (Nasdaq: HWKN) has been certified as a Great Place to Work™ for the second consecutive year. This certification is based on employee feedback, with 82% of employees expressing satisfaction compared to 59% in typical U.S. companies. Additionally, 90% of employees believe customers would rate their service as 'excellent.' CEO Patrick Hawkins emphasized the company's commitment to employee welfare, stating that satisfied employees lead to better customer care. Great Place to Work™ is recognized globally for workplace culture and employee experience.
Hawkins, Inc. (HWKN) announced an amended and restated credit agreement, securing a $250 million revolving credit facility, replacing its previous $150 million facility. This five-year agreement supports the company's working capital, capital expenditures, acquisitions, and general corporate needs. CEO Patrick H. Hawkins emphasized the additional debt capacity will aid in further organic growth and acquisitions. Moreover, Hawkins entered into a five-year interest rate swap, fixing $60 million at a set rate. The company reported $597 million in revenue for fiscal 2021.
Hawkins, Inc. (Nasdaq: HWKN) reported record sales of $187.1 million for Q3 FY2022, a 31% year-over-year increase, contributing to trailing 12-month revenue of $714.5 million. Q3 gross profit reached $33.9 million (20% increase), with diluted EPS at $0.48, up 30% from the prior year. Year-to-date operating cash flow rose 45%, with net debt of $92.6 million and a leverage ratio of 1.05x. Despite strong performance, the company faced supply chain challenges and LIFO expenses impacting profits.
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