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.
All content is sourced directly from Hawkins' communications and verified financial channels, ensuring reliability for investment research. Bookmark this page for streamlined access to HWKN's evolving role in chemical distribution, water infrastructure support, and ingredient formulation advancements.
Hawkins, Inc. (Nasdaq: HWKN) has announced a 13% increase in its quarterly cash dividend to $0.18 per share, payable on August 30, 2024, to shareholders of record as of August 16, 2024. This decision, made by the Board of Directors on July 31, 2024, continues Hawkins' tradition of consistent dividend payments since 1985.
Hawkins, founded in 1938, is a leading specialty chemical and ingredients company serving Industrial, Water Treatment, and Health & Nutrition sectors. With 60 facilities across 27 states and approximately 950 employees, the company generated $919 million in revenue for fiscal 2024. Hawkins is known for its superb customer service, quality products, and personalized applications.
Hawkins, Inc. (Nasdaq: HWKN) has announced the upcoming release of its fiscal 2025 first quarter financial results. The company, which operates on a fiscal year different from the calendar year, will disclose its financial performance for the quarter ended June 30, 2024. The results are scheduled to be released after market close on July 31, 2024, at approximately 4:10 p.m. Eastern Time. This announcement sets expectations for investors and analysts who follow the company's financial performance.
Hawkins, Inc. (Nasdaq: HWKN) has been certified as a Great Place to Work for the fourth consecutive year. This recognition is based on employee feedback about their workplace experience, with 89% of employees stating that customers would rate their service as 'excellent' and 87% feeling welcomed when joining the company.
The certification process, conducted by Great Place to Work, an independent research firm, evaluates over 60 elements of job experience. CEO Patrick Hawkins emphasized the company's priority on employee care, which translates to excellent customer service. Research shows that job seekers are 4.5 times more likely to find a great boss at certified workplaces, and employees at these companies are 93% more likely to look forward to work.
Hawkins (Nasdaq: HWKN), a leading specialty chemical and ingredients company, announced the acquisition of Wofford Water Service, a distributor of water treatment chemicals and equipment based in Mississippi. This acquisition aligns with Hawkins' strategic plan to grow its water treatment business and expand its customer base in the southern U.S. Hawkins CEO, Patrick H. Hawkins, emphasized that the acquisition extends Hawkins' reach in Mississippi, where the company currently has business. He also highlighted the strong community connections Wofford Water Service has established, which Hawkins intends to maintain as part of its growth strategy.
Hawkins (Nasdaq: HWKN) has acquired the assets of Intercoastal Trading, which distributes water treatment chemicals and equipment in Maryland, Delaware, and Virginia. This acquisition will enhance Hawkins' East Coast presence. CEO Patrick H. Hawkins stated that this expansion is expected to be accretive to earnings per share in this fiscal year, with a leverage ratio of about 1x EBITDA at quarter end. All previous acquisitions in fiscal 2024 are meeting or exceeding business plans. Intercoastal's employees will benefit from Hawkins' resources, ensuring continued customer service excellence.
Hawkins (Nasdaq: HWKN) announced its fourth quarter and full fiscal year 2024 results. Q4 sales were $223.0 million, down 2% year-over-year, but gross profit rose by 27% to $45.5 million. Q4 diluted EPS hit a record $0.66, a 20% increase. Annual sales dipped 2% to $919.2 million, with Water Treatment up 19%. Gross profit reached a record $193.6 million, up 17%.
The company achieved a record diluted EPS of $3.59 for the year, and adjusted EBITDA increased 20% to $143.0 million. Hawkins also reported record operating cash flow of $159.5 million, enabling $21 million in debt repayment. Four acquisitions were completed in the Water Treatment segment, now the company's largest revenue generator. Dividends increased by 11% to $0.63 per share.
CEO Patrick H. Hawkins attributed the performance to strong cash flow, disciplined margin management, and strategic acquisitions. Looking to fiscal 2025, Hawkins anticipates top-line revenue near $1 billion, continued growth in Water Treatment, and improved performance in Health and Nutrition.
The Board of Directors of Hawkins has declared a quarterly cash dividend of $0.16 per share, payable on June 14, 2024, to shareholders of record as of May 31, 2024. Hawkins, a specialty chemical and ingredients company, has consistently issued dividends since 1985. Founded in 1938, the company operates in the Industrial, Water Treatment, and Health & Nutrition sectors, boasting 59 facilities across 26 states. In fiscal 2023, Hawkins reported revenues of $935 million and employs around 950 people.
Hawkins, Inc. (Nasdaq: HWKN), a specialty chemical company, will participate in the Wells Fargo Industrials Conference on June 11, 2024, in Chicago. The conference will feature fireside chats and one-on-one meetings, with Hawkins management engaging on June 11th.
Hawkins, Inc. (Nasdaq: HWKN) will reveal its financial results for the fourth quarter and fiscal year ending March 31, 2024, on May 15, 2024, after the market closes. The announcement is scheduled for 4:10 p.m. Eastern Time.
