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.
The company expects supply chain challenges to continue.
Visualization of income flow from segment revenue to net income