secwatch.observer — SEC 8-K summary
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Issuer:     HAWKINS INC (HWKN)
CIK:        0000046250
Form:       8-K
Filed at:   2022-11-02T23:59:59+00:00
Accession:  0000046250-22-000034
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hawkins reports record Q2; sales up 32% to $241.2M, EPS $0.86 (+28%); guides Q3 flat YoY
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- Sales $241.2M (+32% YoY); all three segments grew; Industrial +37%, Water Treatment +39%, Health & Nutrition +7%.
- Net income $18.0M ($0.86 diluted EPS) vs $14.1M ($0.67) a year ago; adjusted EBITDA $34.0M (+28%).
- LIFO expense of $5.3M in the quarter ($9.0M YTD) pressured gross margin to 19% vs 20% last year.
- Operating cash flow $28.2M; paid down $18.5M on revolver; leverage ratio 1.26x EBITDA.
- CEO expects Q3 EPS relatively flat due to supplier shutdown, LIFO pressures, and softness in Health & Nutrition.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/46250/000004625022000034/0000046250-22-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/46250/000004625022000034/hwkn-20221102.htm
  HTML page:      https://secwatch.observer/filing/0000046250-22-000034

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