Hawkins Stock Price, News & Analysis

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.

Hawkins, Inc. (Nasdaq: HWKN) has successfully acquired NAPCO Chemical Company, enhancing its Water Treatment segment. This strategic purchase adds three new facilities in Texas, bringing Hawkins to 37 water treatment sites across 26 states. CEO Patrick H. Hawkins highlighted the company's growth strategy, emphasizing integration of regional providers to drive performance. Hawkins reported $597 million in revenue for fiscal 2021 and continues to invest in its Industrial, Water Treatment, and Health & Nutrition segments.

Hawkins, Inc. (HWKN) has announced the acquisition of NAPCO Chemical Company and its affiliates to expand its water treatment operations in Texas. The transaction, expected to close by the end of December 2021, will enhance Hawkins' market presence with 37 water treatment sites across 26 states. Both companies share similar business models, promising synergistic growth opportunities. The acquisition is anticipated to be accretive in fiscal year 2023, benefiting Hawkins' long-term strategy.

Hawkins, Inc. (HWKN) has acquired Water and Waste Specialties, Inc., a distributor of water treatment chemicals in Alabama. This strategic acquisition aims to enhance Hawkins' growth in Alabama and surrounding regions, alongside a recent acquisition of Southeast Water Systems. The company generated $597 million in revenue for fiscal 2021 and operates 46 facilities across 23 states. CEO Patrick H. Hawkins expressed optimism about expanding services in the region.

Hawkins, Inc. (HWKN) reported record fiscal Q2 2022 results for the three months ending September 26, 2021. Sales rose 24% to $183.3 million, driven by growth across all segments. Gross profit achieved $37.3 million, an increase of 14%, contributing to operating income of $19.6 million, up 18%. Diluted EPS reached $0.67, reflecting an 18% increase year-over-year. Operating cash flow also surged to $25.3 million. Despite these gains, a LIFO charge of $3 million impacted gross profit due to rising raw material costs. The company completed the Southeast Water Systems acquisition in September 2021.

The Board of Directors of Hawkins (Nasdaq: HWKN) declared a quarterly cash dividend of $0.13 per share on October 27, 2021. This dividend is payable on November 19, 2021, to shareholders of record on November 5, 2021. Hawkins has a strong history of dividend payments, consistently issuing dividends since 1985. In fiscal 2021, the company reported revenues of $597 million and operates 45 facilities across the United States.