Hawkins Q3 2020 Earnings Report
Key Takeaways
Hawkins, Inc. reported a 6% decrease in sales to $120.4 million, but an increase in diluted EPS to $0.43, a 10% increase year-over-year. The company experienced growth in operating income and improved gross profit in the Industrial and Water Treatment segments. Total debt was reduced to $68 million, with a leverage ratio under 1.1x.
Diluted earnings per share increased by 10% to $0.43 compared to the third quarter of fiscal 2019.
Operating income experienced its seventh consecutive quarter of year-over-year growth, all of which was organic.
Record year-to-date operating cash flow reached $45.0 million, a $14.0 million improvement over the prior fiscal year.
Total debt was reduced to $68 million, resulting in a leverage ratio of under 1.1x.
Hawkins
Hawkins
Hawkins Revenue by Segment
Revenue & Expenses
Visualization of income flow from segment revenue to net income