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. (HWKN) has acquired Water and Waste Specialties, Inc., a distributor of water treatment chemicals in Alabama. This strategic acquisition aims to enhance Hawkins' growth in Alabama and surrounding regions, alongside a recent acquisition of Southeast Water Systems. The company generated $597 million in revenue for fiscal 2021 and operates 46 facilities across 23 states. CEO Patrick H. Hawkins expressed optimism about expanding services in the region.
Hawkins, Inc. (HWKN) reported record fiscal Q2 2022 results for the three months ending September 26, 2021. Sales rose 24% to $183.3 million, driven by growth across all segments. Gross profit achieved $37.3 million, an increase of 14%, contributing to operating income of $19.6 million, up 18%. Diluted EPS reached $0.67, reflecting an 18% increase year-over-year. Operating cash flow also surged to $25.3 million. Despite these gains, a LIFO charge of $3 million impacted gross profit due to rising raw material costs. The company completed the Southeast Water Systems acquisition in September 2021.
The Board of Directors of Hawkins (Nasdaq: HWKN) declared a quarterly cash dividend of $0.13 per share on October 27, 2021. This dividend is payable on November 19, 2021, to shareholders of record on November 5, 2021. Hawkins has a strong history of dividend payments, consistently issuing dividends since 1985. In fiscal 2021, the company reported revenues of $597 million and operates 45 facilities across the United States.
Hawkins, Inc. (HWKN) will release its financial results for the second quarter ended September 26, 2021, on October 27, 2021, after market close, at approximately 4:10 p.m. Eastern Time. The company, founded in 1938, specializes in chemicals and ingredients for Industrial, Water Treatment, and Health & Nutrition sectors. With 45 facilities across 23 states, Hawkins generated $597 million in revenue in fiscal 2021 and employs around 750 people.
Hawkins, Inc. (Nasdaq: HWKN) has successfully acquired Southeast Water Systems, LLC, enhancing its footprint in Alabama, southern Georgia, and the Florida panhandle. This acquisition aligns with Hawkins' strategy to expand its Water Treatment Group through growth and acquisitions. The integration of Southeast Water Systems is expected to strengthen offerings in equipment and chemical supplies, with existing staff remaining in place for continuity. In fiscal 2021, Hawkins generated $597 million in revenue, underscoring its position as a leader in specialty chemicals.
Hawkins, Inc. (Nasdaq: HWKN) reported strong financial results for the first quarter of fiscal 2022, ending June 27, 2021.
Quarterly sales reached $181.2 million, a 27% year-over-year increase, with all segments growing over 20%. Gross profit rose 26% to $39.0 million, contributing to an operating income of $22.1 million, up 39%. The company reported diluted EPS of $0.79, a 44% increase from last year, and declared a 12% dividend increase for 2021. Operating cash flow improved significantly to $14.8 million.
Hawkins, Inc. (Nasdaq: HWKN) has announced a 6% increase in its quarterly cash dividend to $0.13 per share, payable on August 27, 2021, for shareholders on record by August 13, 2021. This marks a 12% rise in dividends for the year, continuing Hawkins' long-standing tradition of paying dividends since 1985. The company reported $597 million in revenue for fiscal 2021 and operates across 45 facilities in 22 states, serving various industries.
Hawkins, a leading specialty chemical company, will participate in Seaport's 10th Annual Summer Investor Conference on August 24-25, 2021. This virtual event will bring together nearly 60 public companies and over 200 institutional investors, facilitating one-on-one and small group meetings. Hawkins, headquartered in Roseville, Minnesota, generated $597 million in revenue in fiscal 2021 and has approximately 750 employees. The company specializes in distributing and manufacturing chemicals for various sectors, including Industrial, Water Treatment, and Health & Nutrition.
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