Hawkins Stock Price, News & Analysis

Hawkins, Inc. (Nasdaq: HWKN) has successfully acquired Southeast Water Systems, LLC, enhancing its footprint in Alabama, southern Georgia, and the Florida panhandle. This acquisition aligns with Hawkins' strategy to expand its Water Treatment Group through growth and acquisitions. The integration of Southeast Water Systems is expected to strengthen offerings in equipment and chemical supplies, with existing staff remaining in place for continuity. In fiscal 2021, Hawkins generated $597 million in revenue, underscoring its position as a leader in specialty chemicals.

Hawkins, Inc. (Nasdaq: HWKN) reported strong financial results for the first quarter of fiscal 2022, ending June 27, 2021.

Quarterly sales reached $181.2 million, a 27% year-over-year increase, with all segments growing over 20%. Gross profit rose 26% to $39.0 million, contributing to an operating income of $22.1 million, up 39%. The company reported diluted EPS of $0.79, a 44% increase from last year, and declared a 12% dividend increase for 2021. Operating cash flow improved significantly to $14.8 million.

Hawkins, Inc. (Nasdaq: HWKN) has announced a 6% increase in its quarterly cash dividend to $0.13 per share, payable on August 27, 2021, for shareholders on record by August 13, 2021. This marks a 12% rise in dividends for the year, continuing Hawkins' long-standing tradition of paying dividends since 1985. The company reported $597 million in revenue for fiscal 2021 and operates across 45 facilities in 22 states, serving various industries.

Hawkins, a leading specialty chemical company, will participate in Seaport's 10th Annual Summer Investor Conference on August 24-25, 2021. This virtual event will bring together nearly 60 public companies and over 200 institutional investors, facilitating one-on-one and small group meetings. Hawkins, headquartered in Roseville, Minnesota, generated $597 million in revenue in fiscal 2021 and has approximately 750 employees. The company specializes in distributing and manufacturing chemicals for various sectors, including Industrial, Water Treatment, and Health & Nutrition.

Hawkins, Inc. (Nasdaq: HWKN) announced it will release its financial results for the first quarter ending June 27, 2021, on July 29, 2021, at approximately 4:10 p.m. Eastern Time. The company reported $597 million in revenue for fiscal 2021 and operates 46 facilities across 22 states, focusing on specialty chemical distribution and manufacturing. Established in 1938 and headquartered in Roseville, Minnesota, Hawkins serves various sectors, including Industrial, Water Treatment, and Health & Nutrition.

Hawkins, Inc. (HWKN) has announced a $5 million capital investment to enhance its Minneapolis facility, aimed at expanding its pharmaceutical ingredient business. The investment will double the facility's pharmaceutical capacity in a controlled environment, facilitating larger production campaigns to meet industry demand. President Patrick Hawkins emphasized that this move aligns with the company's growth strategy targeting higher-margin markets. Recent trends in on-shoring and increasing demand are expected to generate strong returns from this investment.

Hawkins, Inc. (Nasdaq: HWKN) reported record fourth quarter revenue of $163.0 million, marking a 23% year-over-year increase. Full-year revenue reached $596.9 million, a 10% growth. Gross profit for the year was $123.8 million, a 23% increase, contributing to a 34% rise in operating income. Diluted EPS soared to $0.43 for the fourth quarter and $1.93 for the year, increasing 91% and 45% respectively, compared to the previous year. Despite COVID-19 impacts, the company maintains a solid financial position with $96 million in net debt and a leverage ratio of 1.2x.

The Board of Directors of Hawkins, Inc. (Nasdaq: HWKN) declared a quarterly cash dividend of $0.1225 per share on May 20, 2021, payable on June 18, 2021. Shareholders on record as of June 4, 2021 will receive the dividend. Hawkins has maintained consistent dividend payments since 1985. In fiscal 2021, the company reported $597 million in revenue and operates across 46 facilities in 22 states, serving various sectors including Industrial, Water Treatment, and Health & Nutrition.