Hawkins Inc - HWKN STOCK NEWS

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.

The Board of Directors of Hawkins increased its quarterly cash dividend by 8% to $0.14 per share, payable on March 4, 2022. Shareholders of record by February 18, 2022 will receive this payment. Over the past year, the dividend has risen by 14%. Hawkins, a leading specialty chemical company founded in 1938, reported $597 million in revenue for fiscal 2021 and has consistently paid dividends since 1985.

Hawkins, Inc. (Nasdaq: HWKN) will release its financial results for the third quarter ending December 26, 2021, after market close on February 2, 2022, at approximately 4:10 p.m. ET.

The company, a leader in specialty chemicals and ingredients, generated $597 million in revenue for fiscal 2021. Headquartered in Roseville, Minnesota, Hawkins operates 49 facilities across 24 states, focusing on providing quality products and excellent customer service.

Hawkins, Inc. (Nasdaq: HWKN) has successfully acquired NAPCO Chemical Company, enhancing its Water Treatment segment. This strategic purchase adds three new facilities in Texas, bringing Hawkins to 37 water treatment sites across 26 states. CEO Patrick H. Hawkins highlighted the company's growth strategy, emphasizing integration of regional providers to drive performance. Hawkins reported $597 million in revenue for fiscal 2021 and continues to invest in its Industrial, Water Treatment, and Health & Nutrition segments.

Hawkins, Inc. (HWKN) has announced the acquisition of NAPCO Chemical Company and its affiliates to expand its water treatment operations in Texas. The transaction, expected to close by the end of December 2021, will enhance Hawkins' market presence with 37 water treatment sites across 26 states. Both companies share similar business models, promising synergistic growth opportunities. The acquisition is anticipated to be accretive in fiscal year 2023, benefiting Hawkins' long-term strategy.