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Jun 27, 2021
Hawkins Q1 2022 Earnings Report
Hawkins reported record quarterly sales and gross profit, with all three segments growing more than 20%.
Key Takeaways
Hawkins, Inc. announced record results for the first quarter of fiscal year 2022. Record quarterly sales were driven by year-over-year volume increases in all three segments. Record gross profit contributed to record operating income and diluted earnings per share.
Record quarterly sales of $181.2 million, a 27% year-over-year increase.
Record quarterly gross profit of $39.0 million, a 26% increase over the prior year.
Record first quarter diluted earnings per share (EPS) of $0.79, 44% higher than the same period last year.
Record first quarter operating cash flow of $14.8 million, compared to $1.6 million a year ago.
Hawkins
Hawkins
Hawkins Revenue by Segment
Forward Guidance
The company expects supply chain challenges to continue.
Challenges Ahead
- Supply chain challenges are expected to continue across all business segments.
Revenue & Expenses
Visualization of income flow from segment revenue to net income