Hawkins Q2 2022 Earnings Report
Key Takeaways
Hawkins, Inc. announced record second quarter fiscal 2022 results, with sales reaching $183.3 million, a 24% increase year-over-year. The company reported record EPS of $0.67, driven by increased sales volumes and prices across all segments, despite a LIFO charge of $3 million due to rising raw material costs.
Record quarterly sales of $183.3 million, a 24% year-over-year increase, driven by increases in all three segments.
Record second quarter EPS of $0.67, 18% higher than the same period last year.
Record quarterly operating cash flow of $25.3 million, enabling continued debt repayment.
Completed the acquisition of Southeast Water Systems in Alabama in September.
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