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Jun 28, 2020
Hawkins Q1 2021 Earnings Report
Reported record operating income and net income, driven by growth in the Health and Nutrition segment and increased demand for certain products due to COVID-19.
Key Takeaways
Hawkins, Inc. reported a strong first quarter for fiscal year 2021, marked by record operating income and net income. The company's Health and Nutrition segment experienced significant growth, while the Industrial segment benefited from increased demand for specific products related to COVID-19. Additionally, Hawkins announced the acquisition of American Development Corporation of Tennessee, Inc.
Achieved ninth consecutive quarter of year-over-year operating income growth, reaching a record $15.9 million, a 14% increase.
Reported record first quarter net income of $11.8 million, a 20% increase.
Announced the acquisition of American Development Corporation of Tennessee, Inc.
Sales decreased by 3% to $143.2 million, while Health and Nutrition segment sales increased by 11%.
Revenue by Segment
Forward Guidance
Hawkins expects continued mixed results across its business segments due to the COVID-19 pandemic, but anticipates earnings growth for the fiscal year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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