Hawkins Q2 2021 Earnings Report
Key Takeaways
Hawkins, Inc. announced record second quarter fiscal 2021 results, including a 26% increase in operating income, a 6% increase in sales, and a 32% increase in earnings per share. The Health and Nutrition segment saw significant growth due to increased demand for health and immunity products, while the Water Treatment segment strengthened and the Industrial segment experienced lower results.
Operating income grew for the tenth consecutive quarter, reaching a record $16.6 million, a 26% increase year-over-year.
Second quarter sales reached a record $147.8 million, up 6% from the previous year, with the Health and Nutrition segment growing by 42%.
Diluted earnings per share (EPS) hit a record $1.15, a 32% increase compared to $0.87 in the second quarter of fiscal 2020.
Record quarterly operating cash flow of $18.6 million was achieved in the second quarter.
Hawkins
Hawkins
Hawkins Revenue by Segment
Forward Guidance
The company expects continued year-over-year improvement in the second half of the fiscal year as its specialty and manufactured products continue to grow.
Revenue & Expenses
Visualization of income flow from segment revenue to net income