Hawkins Q4 2022 Earnings Report
Key Takeaways
Hawkins, Inc. reported record fourth-quarter sales of $223.0 million, a 37% year-over-year increase, and record EPS of $0.50, a 16% increase. The company's performance was driven by growth in the Industrial and Water Treatment segments, despite challenges from inflation and supply chain disruptions.
Record quarterly sales of $223.0 million, a 37% year-over-year increase.
Gross profit of $36.3 million, a 14% increase year-over-year, absorbing $8.2 million in incremental LIFO expense.
Record fourth quarter diluted EPS of $0.50, 16% higher than the prior year.
Adjusted EBITDA of $22.3 million, an 11% increase year-over-year.
Hawkins
Hawkins
Hawkins Revenue by Segment
Forward Guidance
Hawkins anticipates continued topline growth into fiscal year 2023, focusing on managing cost structure to drive bottom-line results.
Positive Outlook
- Expected leveraging of investments in added personnel and resources.
- Anticipated continued topline growth.
- Focus on managing cost structure.
- Strong relationships with customers and suppliers.
- Innovative solutions to arising opportunities.
Challenges Ahead
- Margins impacted by macro-economic pressures.
- Impact of inflation.
- Global supply chain disruptions.
- Rising raw material costs.
- Potential changes in demand and customer requirements.
Revenue & Expenses
Visualization of income flow from segment revenue to net income