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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.
Hawkins, Inc. (Nasdaq: HWKN) announced it will release its financial results for the first quarter ending June 27, 2021, on July 29, 2021, at approximately 4:10 p.m. Eastern Time. The company reported $597 million in revenue for fiscal 2021 and operates 46 facilities across 22 states, focusing on specialty chemical distribution and manufacturing. Established in 1938 and headquartered in Roseville, Minnesota, Hawkins serves various sectors, including Industrial, Water Treatment, and Health & Nutrition.
Hawkins, Inc. (HWKN) has announced a $5 million capital investment to enhance its Minneapolis facility, aimed at expanding its pharmaceutical ingredient business. The investment will double the facility's pharmaceutical capacity in a controlled environment, facilitating larger production campaigns to meet industry demand. President Patrick Hawkins emphasized that this move aligns with the company's growth strategy targeting higher-margin markets. Recent trends in on-shoring and increasing demand are expected to generate strong returns from this investment.
Hawkins, Inc. (Nasdaq: HWKN) reported record fourth quarter revenue of $163.0 million, marking a 23% year-over-year increase. Full-year revenue reached $596.9 million, a 10% growth. Gross profit for the year was $123.8 million, a 23% increase, contributing to a 34% rise in operating income. Diluted EPS soared to $0.43 for the fourth quarter and $1.93 for the year, increasing 91% and 45% respectively, compared to the previous year. Despite COVID-19 impacts, the company maintains a solid financial position with $96 million in net debt and a leverage ratio of 1.2x.
The Board of Directors of Hawkins, Inc. (Nasdaq: HWKN) declared a quarterly cash dividend of $0.1225 per share on May 20, 2021, payable on June 18, 2021. Shareholders on record as of June 4, 2021 will receive the dividend. Hawkins has maintained consistent dividend payments since 1985. In fiscal 2021, the company reported $597 million in revenue and operates across 46 facilities in 22 states, serving various sectors including Industrial, Water Treatment, and Health & Nutrition.
Hawkins, Inc. (Nasdaq: HWKN) will release its financial results for the fourth quarter and fiscal year ending March 28, 2021, on May 20, 2021, at approximately 4:10 p.m. Eastern Time. The company, founded in 1938, specializes in distributing, blending, and manufacturing specialty chemicals for various sectors, including Industrial, Water Treatment, and Health & Nutrition. In fiscal 2020, Hawkins generated $540 million in revenue and operates 46 facilities across 22 states, employing around 700 individuals.
Hawkins, a leading specialty chemical company, will participate in the 2021 Virtual Wells Fargo Industrials Conference on May 5 and 6. The event includes 30-minute fireside chats, topical panels, and opportunities for one-on-one meetings with the company's management. Over 50 companies will be represented, covering various industries like machinery, aerospace, and chemicals. Hawkins generated $540 million in revenue in fiscal 2020 and operates 47 facilities across 22 states.
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.
On February 17, 2021, the St. Paul City Council recognized Hawkins as one of America’s most responsible companies. The council commended the company for its commitment to environmental sustainability, energy efficiency, and equitable treatment of employees. CEO Patrick H. Hawkins highlighted the firm’s long-standing presence in St. Paul since 1938 and its operational efficiency utilizing the Mississippi River for transportation. Hawkins, Inc., a leading specialty chemical company, reported $540 million in revenue for fiscal 2020 and employs around 700 people across 46 facilities nationwide.
The Board of Directors of Hawkins (Nasdaq: HWKN) declared a quarterly cash dividend of $0.2450 per share, payable on February 26, 2021, to shareholders on record by February 12, 2021. This reflects Hawkins' continuous commitment to dividends since 1985. Additionally, a two-for-one stock split was approved, effective on March 1, 2021, with a record date of February 19, 2021, increasing outstanding shares from 10.6 million to 21.2 million. CEO Patrick H. Hawkins expressed confidence in the company's growth prospects.
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