Hawkins Q3 2024 Earnings Report
Key Takeaways
Hawkins, Inc. reported a decrease in sales by 5% to $208.5 million, but net income increased by 39% to $14.9 million. The Water Treatment segment experienced significant growth, while the Industrial and Health & Nutrition segments saw sales declines. The company's strategic acquisitions and disciplined financial management contributed to overall profitability.
Third quarter sales reached $208.5 million, with Water Treatment segment sales growing 20% year-over-year.
Gross profit was a record $42.2 million, up 16% from the same period last year, leading to a record operating income of $18.5 million, a 21% increase.
Diluted earnings per share increased by 39% to $0.71 compared to the prior year.
Adjusted EBITDA was a record $29.7 million, a 25% increase over the same period last year.
Hawkins
Hawkins
Hawkins Revenue by Segment
Forward Guidance
The company expects to continue generating free cash flow and execute on its growth strategy due to the diversity of its businesses and overall strength.
Revenue & Expenses
Visualization of income flow from segment revenue to net income