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. reports developments across a water treatment and specialty ingredients business that formulates, manufactures, distributes, and blends products for Water Treatment, Food & Health Sciences, and Industrial Solutions customers. News commonly covers segment financial results, quarterly dividend declarations, completed tuck-in acquisitions, and expansion of water treatment product and service offerings.
The company’s updates also include technology and subsidiary developments, including WaterSurplus and its NanoStack coated membranes for reverse osmosis applications. Recurring coverage links Hawkins’ operating performance to water treatment demand, chemical distribution, specialty ingredients, acquisition integration, and capital allocation through debt repayment, business investment, and dividends.
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.
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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.
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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.