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) 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.
The Board of Directors of Hawkins, Inc. (HWKN) declared a quarterly cash dividend of $0.2325 per share, payable on June 19, 2020. Shareholders of record as of June 5, 2020 will receive this dividend. Hawkins has a strong history of dividend payments since 1985. The company, headquartered in Roseville, Minnesota, specializes in the distribution, blending, and manufacturing of chemicals and specialty ingredients across various industries, operating 43 facilities in 20 states to enhance customer service and product quality.