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. (NASDAQ: HWKN) delivers essential chemical solutions through three core segments: industrial chemicals, water treatment technologies, and health & nutrition ingredients. This page provides investors and industry stakeholders with centralized access to official company announcements and market-relevant developments.
Track Hawkins' strategic moves including earnings reports, acquisition activity, and product innovations across its industrial, municipal, and specialty ingredient markets. Our curated news collection simplifies monitoring regulatory updates, partnership announcements, and operational expansions impacting this technical chemical provider.
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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.
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.
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