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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. (HWKN) reported record third-quarter sales of $142.9 million, a 19% increase year-over-year, driven by a 75% surge in its Health and Nutrition segment. Gross profit rose 31% to $28.2 million, leading to a 55% increase in operating income. Diluted EPS reached $0.75, up 74% from the previous year, with year-to-date EPS at $3.00, a 35% rise. The company has a net debt of $88 million and reinitiated stock repurchases. Strategic acquisitions in the Water Treatment segment aim to expand operations.
Hawkins, Inc. (Nasdaq: HWKN) will report its third-quarter financial results for the period ending December 27, 2020, on January 28, 2021, after market close at approximately 4:00 p.m. Eastern Time. The company specializes in distributing, blending, and manufacturing specialty chemicals across various sectors, generating $540 million in revenue in fiscal 2020. Hawkins operates 46 facilities across 21 states, emphasizing exceptional customer service and quality products.
Hawkins, Inc. (Nasdaq: HWKN) announced the acquisition of assets from C & L Aqua Professionals, Inc. and LC Blending, Inc. to enhance its Water Treatment Group's reach into Louisiana. This strategic move aims to bolster geographic presence and leverage Hawkins' broader product offerings for existing customers. CEO Patrick H. Hawkins expressed excitement about the cultural fit and service focus of the acquired companies. Steve Belshe, the President of C & L Aqua, will remain involved, indicating continuity in operations and customer relations.
Hawkins, Inc. (HWKN) announced the retirement of John S. McKeon from its Board of Directors, effective December 31, 2020. McKeon, a board member since 1984 and Chair since 2005, has significantly contributed to the company’s growth. CEO Patrick H. Hawkins acknowledged McKeon’s dedicated service, highlighting the company's solid position for continued growth. Following McKeon's departure, James T. Thompson, currently the Vice Chair, will take over as Chair. Hawkins, Inc. is known for distributing and manufacturing chemicals across various industries with 44 facilities in 20 states.
The Board of Directors of Hawkins, Inc. (Nasdaq: HWKN) declared a quarterly cash dividend of $0.2325 per share, payable on November 20, 2020, to shareholders of record as of November 6, 2020. Hawkins has a strong track record of dividend payments, having consistently distributed dividends since 1985. The company, headquartered in Roseville, Minnesota, specializes in distributing, blending, and manufacturing chemicals across various industries, operating 44 facilities in 20 states.
Hawkins, Inc. (HWKN) reported strong fiscal Q2 2021 results, achieving a record operating income of $16.6 million, up 26% year-over-year, with total sales of $147.8 million, a 6% increase. The Health and Nutrition segment led growth with a 42% rise in sales to $37.1 million. Diluted EPS reached $1.15, a 32% increase from $0.87 a year ago. Operating cash flow was also a record at $18.6 million. Despite challenges in the Industrial segment, where sales declined by 10%, the company anticipates continued improvement in the second half of the fiscal year.
The Board of Directors of Hawkins, Inc. (HWKN) declared a quarterly cash dividend of $0.2325 per share, payable on August 28, 2020, to shareholders on record as of August 14, 2020. This announcement underscores Hawkins' commitment to returning value to its investors, having consistently paid dividends since 1985. The company operates 44 facilities across 20 states, focusing on the distribution, blending, and manufacturing of chemicals and specialty ingredients for diverse industries.
Hawkins, Inc. (HWKN) reported strong financial results for Q1 fiscal 2021, despite a 3% decline in total sales to $143.2 million. Operating income reached a record $15.9 million, a 14% increase from the previous year, while net income grew by 20% to $11.8 million. The company noted mixed performance across segments due to COVID-19, with a significant 11% growth in the Health and Nutrition segment. Hawkins also completed the acquisition of American Development Corporation, expected to enhance its Water Treatment operations. Diluted EPS increased by 21% to $1.11.
Hawkins, Inc. (HWKN) reported its fourth quarter and full-year results for the fiscal year ending March 29, 2020. The company achieved record diluted EPS of $2.66, a 17% increase from fiscal 2019, with net income rising to $28.4 million, up 16% year-over-year. Full-year sales totaled $540.2 million, a 3% decline, despite a 7% growth in the Water Treatment segment. Operating income reached $41.7 million, a 13% increase. The pandemic has presented mixed impacts on sales, heightening demand for certain products while decreasing sales in others, prompting cautious capital expenditures ahead.
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