Hawkins Stock Price, News & Analysis

Hawkins, Inc. (Nasdaq: HWKN) has been certified as a Great Place to Work for the third consecutive year, reflecting its commitment to employee satisfaction. This certification, awarded by Great Place to Work, considers over 60 elements of job experience. CEO Patrick Hawkins emphasized the company’s dedication to its employees, noting that 87% believe customers would rate their service as 'excellent,' and 85% feel welcomed upon joining. This recognition is aligned with research indicating that certified workplaces see higher employee morale and retention. Hawkins, founded in 1938, generated $775 million in revenue in fiscal 2022.

Hawkins, Inc. (Nasdaq: HWKN) reported strong Q3 results for fiscal 2023, with sales reaching $219.2 million, a 17% year-over-year increase, driven by a 38% rise in the Water Treatment segment. Gross profit rose 7% to $36.3 million, supporting an operating income of $15.3 million, also up 7%. The diluted EPS increased 6% to $0.51, contributing to a year-to-date EPS of $2.31, a 19% increase. Adjusted EBITDA grew 10% to $23.8 million. Despite rising material costs impacting profits, Hawkins remains optimistic about cash flow and debt reduction plans. Their trailing twelve-month revenue now stands at $930 million.

On February 1, 2023, Hawkins, Inc. (Nasdaq: HWKN) announced a 7% increase in its quarterly cash dividend, raising it to $0.15 per share. This dividend will be payable on March 3, 2023, to shareholders on record as of February 17, 2023. Hawkins has a strong history of consistent dividend payments since 1985.

Hawkins, Inc., founded in 1938, is a leading specialty chemical and ingredients company, generating $775 million in revenue in fiscal 2022. The company operates 51 facilities across 25 states and employs approximately 800 individuals.

Hawkins, Inc. (Nasdaq: HWKN) announced it will release its fiscal 2023 third-quarter financial results on February 1, 2023, after the market closes. The announcement highlights the company's ongoing operations in specialty chemicals and ingredients across various sectors, including Industrial, Water Treatment, and Health & Nutrition. In fiscal 2022, Hawkins generated $775 million in revenue and operates 51 facilities across 25 states, employing approximately 800 people. The forthcoming earnings report is anticipated to provide insight into the company's financial performance and future outlook.

Hawkins, Inc. (HWKN) reported outstanding second-quarter results for fiscal 2023, achieving record metrics across sales, gross profit, operating income, and EPS. Sales reached $241.2 million, marking a 32% year-over-year increase, while gross profit rose 24% to $46.4 million. Operating income grew by 35% to $26.5 million, and EPS increased by 28% to $0.86. Adjusted EBITDA hit $34.0 million, up 28%. However, rising material costs led to a $5.3 million LIFO charge. Despite a strong performance across sectors, the company anticipates flat EPS in Q3 due to additional cost pressures and supply chain challenges.

The Board of Directors of Hawkins, Inc. (Nasdaq: HWKN) declared a quarterly cash dividend of $0.14 per share, payable on December 2, 2022. Shareholders of record as of November 18, 2022, will receive this dividend. Hawkins has maintained a consistent dividend payout since 1985. The company, founded in 1938, reported $775 million in revenue for fiscal 2022 and operates 51 facilities across 25 states.

Hawkins, Inc. (Nasdaq: HWKN) plans to release its fiscal 2023 second quarter financial results on November 2, 2022, at approximately 4:10 p.m. Eastern Time. The company generated $775 million in revenue for fiscal 2022 and operates 51 facilities across 25 states. Founded in 1938, Hawkins specializes in chemicals and ingredients, serving Industrial, Water Treatment, and Health & Nutrition sectors. For updates, visit Hawkins Investor Relations.

Hawkins, Inc. (Nasdaq: HWKN) has announced the expansion of its Water Treatment Group into Delaware, bringing the total to 39 facilities across 23 states. This strategic extension follows aggressive growth initiatives, including acquisitions and new locations, resulting in a 34% revenue increase for the water treatment group in fiscal 2022. The company also achieved a 15% compounded annual growth rate over the past three years. CEO Patrick H. Hawkins emphasized plans for continued profitable growth through both organic methods and further acquisitions.