Hawkins Stock Price, News & Analysis

Hawkins, Inc. (Nasdaq: HWKN) reported record fourth-quarter and full-year results for fiscal 2022, with quarterly sales of $223 million, a 37% year-over-year increase. The company achieved a gross profit of $36.3 million, reflecting a 14% increase, and diluted EPS of $0.50, up 16% from last year. For the full year, Hawkins generated annual sales of $774.5 million, an 18% gross profit increase, and diluted EPS of $2.44. The firm completed three acquisitions in the year and issued a second ESG report, aiming for carbon neutrality by 2040.

The Board of Directors of Hawkins, Inc. (Nasdaq: HWKN) declared a quarterly cash dividend of $0.14 per share, payable on June 17, 2022, to shareholders of record at the close of business on June 3, 2022. Hawkins has maintained a consistent dividend payout since 1985. The company, based in Roseville, Minnesota, generated $775 million in revenue for fiscal 2022 and operates 49 facilities across 24 states, focusing on specialty chemicals and ingredients for various industries.

Hawkins, a specialty chemical and ingredients company, will participate in the 3rd Annual Loop Capital Markets Investor Conference on June 1-2, 2022. The first day will feature virtual meetings, while the second day will include in-person meetings at the Westin New York Times Square. Investors interested in one-on-one meetings with management can contact Loop Capital Markets or Hawkins Investor Relations. Founded in 1938 and headquartered in Roseville, Minnesota, Hawkins generated $597 million in revenue in fiscal 2021 and employs around 750 people.

Hawkins, Inc. (Nasdaq: HWKN) will announce its financial results for the fourth quarter and fiscal year ending April 3, 2022, on May 18, 2022, after market hours at around 4:10 p.m. Eastern Time. Hawkins specializes in formulating, distributing, blending, and manufacturing specialty chemical products across various sectors, including Industrial, Water Treatment, and Health & Nutrition. The company reported revenues of $597 million for fiscal 2021 and operates 49 facilities in 24 states, employing approximately 750 individuals.

Hawkins, Inc. (Nasdaq: HWKN) has been certified as a Great Place to Work™ for the second consecutive year. This certification is based on employee feedback, with 82% of employees expressing satisfaction compared to 59% in typical U.S. companies. Additionally, 90% of employees believe customers would rate their service as 'excellent.' CEO Patrick Hawkins emphasized the company's commitment to employee welfare, stating that satisfied employees lead to better customer care. Great Place to Work™ is recognized globally for workplace culture and employee experience.

Hawkins, Inc. (HWKN) announced an amended and restated credit agreement, securing a $250 million revolving credit facility, replacing its previous $150 million facility. This five-year agreement supports the company's working capital, capital expenditures, acquisitions, and general corporate needs. CEO Patrick H. Hawkins emphasized the additional debt capacity will aid in further organic growth and acquisitions. Moreover, Hawkins entered into a five-year interest rate swap, fixing $60 million at a set rate. The company reported $597 million in revenue for fiscal 2021.

Hawkins, Inc. (Nasdaq: HWKN) reported record sales of $187.1 million for Q3 FY2022, a 31% year-over-year increase, contributing to trailing 12-month revenue of $714.5 million. Q3 gross profit reached $33.9 million (20% increase), with diluted EPS at $0.48, up 30% from the prior year. Year-to-date operating cash flow rose 45%, with net debt of $92.6 million and a leverage ratio of 1.05x. Despite strong performance, the company faced supply chain challenges and LIFO expenses impacting profits.

The Board of Directors of Hawkins increased its quarterly cash dividend by 8% to $0.14 per share, payable on March 4, 2022. Shareholders of record by February 18, 2022 will receive this payment. Over the past year, the dividend has risen by 14%. Hawkins, a leading specialty chemical company founded in 1938, reported $597 million in revenue for fiscal 2021 and has consistently paid dividends since 1985.

Hawkins, Inc. (Nasdaq: HWKN) will release its financial results for the third quarter ending December 26, 2021, after market close on February 2, 2022, at approximately 4:10 p.m. ET.

The company, a leader in specialty chemicals and ingredients, generated $597 million in revenue for fiscal 2021. Headquartered in Roseville, Minnesota, Hawkins operates 49 facilities across 24 states, focusing on providing quality products and excellent customer service.