Hawkins Stock Price, News & Analysis

Hawkins, a leading specialty chemical company, will participate in the 2021 Virtual Wells Fargo Industrials Conference on May 5 and 6. The event includes 30-minute fireside chats, topical panels, and opportunities for one-on-one meetings with the company's management. Over 50 companies will be represented, covering various industries like machinery, aerospace, and chemicals. Hawkins generated $540 million in revenue in fiscal 2020 and operates 47 facilities across 22 states.

Hawkins Inc. (Nasdaq: HWKN) has expanded its Water Treatment Group into South Carolina, leasing a new facility in Greenville, expected to commence operations next month. This addition raises the total to 33 Water Treatment branches across 20 states. CEO Patrick H. Hawkins reported a 35% increase in earnings per share over the first three quarters of the fiscal year, attributable to an aggressive expansion strategy, including two recent acquisitions and two new locations. In fiscal 2020, the company generated $540 million in revenue.

On February 17, 2021, the St. Paul City Council recognized Hawkins as one of America’s most responsible companies. The council commended the company for its commitment to environmental sustainability, energy efficiency, and equitable treatment of employees. CEO Patrick H. Hawkins highlighted the firm’s long-standing presence in St. Paul since 1938 and its operational efficiency utilizing the Mississippi River for transportation. Hawkins, Inc., a leading specialty chemical company, reported $540 million in revenue for fiscal 2020 and employs around 700 people across 46 facilities nationwide.

The Board of Directors of Hawkins (Nasdaq: HWKN) declared a quarterly cash dividend of $0.2450 per share, payable on February 26, 2021, to shareholders on record by February 12, 2021. This reflects Hawkins' continuous commitment to dividends since 1985. Additionally, a two-for-one stock split was approved, effective on March 1, 2021, with a record date of February 19, 2021, increasing outstanding shares from 10.6 million to 21.2 million. CEO Patrick H. Hawkins expressed confidence in the company's growth prospects.

Hawkins, Inc. (HWKN) reported record third-quarter sales of $142.9 million, a 19% increase year-over-year, driven by a 75% surge in its Health and Nutrition segment. Gross profit rose 31% to $28.2 million, leading to a 55% increase in operating income. Diluted EPS reached $0.75, up 74% from the previous year, with year-to-date EPS at $3.00, a 35% rise. The company has a net debt of $88 million and reinitiated stock repurchases. Strategic acquisitions in the Water Treatment segment aim to expand operations.

Hawkins, Inc. (Nasdaq: HWKN) will report its third-quarter financial results for the period ending December 27, 2020, on January 28, 2021, after market close at approximately 4:00 p.m. Eastern Time. The company specializes in distributing, blending, and manufacturing specialty chemicals across various sectors, generating $540 million in revenue in fiscal 2020. Hawkins operates 46 facilities across 21 states, emphasizing exceptional customer service and quality products.

Hawkins, Inc. (Nasdaq: HWKN) announced the acquisition of assets from C & L Aqua Professionals, Inc. and LC Blending, Inc. to enhance its Water Treatment Group's reach into Louisiana. This strategic move aims to bolster geographic presence and leverage Hawkins' broader product offerings for existing customers. CEO Patrick H. Hawkins expressed excitement about the cultural fit and service focus of the acquired companies. Steve Belshe, the President of C & L Aqua, will remain involved, indicating continuity in operations and customer relations.

Hawkins, Inc. (HWKN) announced the retirement of John S. McKeon from its Board of Directors, effective December 31, 2020. McKeon, a board member since 1984 and Chair since 2005, has significantly contributed to the company’s growth. CEO Patrick H. Hawkins acknowledged McKeon’s dedicated service, highlighting the company's solid position for continued growth. Following McKeon's departure, James T. Thompson, currently the Vice Chair, will take over as Chair. Hawkins, Inc. is known for distributing and manufacturing chemicals across various industries with 44 facilities in 20 states.