earnings
confidence high
sentiment positive
materiality 0.80
Hawkins Q2 FY2022: record sales $183.3M (+24% YoY), diluted EPS $0.67 (+18%)
HAWKINS INC
2022-Q2 EPS reported
$1.45
revenue$364,518,000
- Industrial sales up 36% to $83.2M; Water Treatment +25% to $62.1M on strong demand and acquisitions.
- Gross profit $37.3M (+14% YoY) despite $3.0M LIFO charge from rising raw material costs.
- Record EBITDA of $26.6M (+14% YoY); operating cash flow $25.3M vs $18.6M prior year.
- Health & Nutrition segment sales +2% to $38.0M, but gross profit fell 8% due to product mix and inventory reserves.
- Completed acquisition of Southeast Water Systems in Alabama during September.