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Dec 27, 2020

Hawkins Q3 2021 Earnings Report

Reported record sales and gross profit, driven by strong growth in the Health and Nutrition segment and contributions from acquisitions.

Key Takeaways

Hawkins, Inc. reported a strong third quarter with record sales of $142.9 million, a 19% year-over-year increase, and record gross profit of $28.2 million, a 31% increase. Diluted earnings per share (EPS) increased by 74% to $0.75. The Health and Nutrition segment saw significant growth, and the company expanded its Water Treatment footprint with acquisitions.

Record third quarter sales of $142.9 million, a 19% year-over-year increase, driven by a 75% increase in the Health and Nutrition segment.

Record third quarter gross profit of $28.2 million, a 31% increase year-over-year, contributing to a 55% increase in operating income.

Diluted earnings per share (EPS) of $0.75, a 74% increase compared to the same period last year.

Extended Water Treatment footprint into Louisiana through acquisitions.

Total Revenue
$143M
Previous year: $120M
+18.7%
EPS
$0.38
Previous year: $0.22
+72.7%
Adjusted EBITDA
$17.8M
Previous year: $13M
+36.6%
Gross Profit
$28.2M
Previous year: $21.5M
+31.5%
Cash and Equivalents
$7.97M
Previous year: $7.27M
+9.7%
Free Cash Flow
$1.39M
Previous year: $12.5M
-88.9%
Total Assets
$446M
Previous year: $387M
+15.4%

Hawkins

Hawkins

Hawkins Revenue by Segment

Forward Guidance

The company did not provide specific forward guidance in this earnings report. The report mentions potential factors that could affect future financial results, but does not provide concrete financial targets or expectations for future periods.

Revenue & Expenses

Visualization of income flow from segment revenue to net income