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Mar 30

Hawkins Q4 2025 Earnings Report

Hawkins posted record Q4 results with double-digit growth across revenue, EPS, and profitability metrics.

Key Takeaways

In Q4 2025, Hawkins delivered its strongest quarterly results to date, led by a 21% surge in Water Treatment revenue. Gross profit rose 15% YoY, while EPS and adjusted EBITDA increased by 18% each. All business segments contributed to the revenue growth.

Q4 revenue rose 10% YoY to a record $245.3M.

Water Treatment segment led growth with a 21% YoY increase.

EPS grew 18% YoY to $0.78, the highest in company history.

Adjusted EBITDA hit $36.7M, up 18% YoY.

Total Revenue
$245M
Previous year: $223M
+10.0%
EPS
$0.78
Previous year: $0.66
+18.2%
Adjusted EBITDA
$36.7M
Previous year: $31M
+18.3%
Gross Profit
$52.2M
Previous year: $45.5M
+14.8%
Cash and Equivalents
$5.1M
Previous year: $7.15M
-28.7%
Total Assets
$770M
Previous year: $658M
+17.0%

Hawkins

Hawkins

Hawkins Revenue by Segment

Forward Guidance

Hawkins anticipates crossing $1B in annual revenue in FY26 with steady EPS growth, supported by continued expansion and acquisitions.

Positive Outlook

  • FY26 revenue expected to exceed $1B milestone.
  • EPS projected to grow despite cost pressures.
  • Strong cash flow will fund investments and debt reduction.
  • WaterSurplus acquisition to bolster Water Treatment growth.
  • Balanced contributions expected across all segments.

Challenges Ahead

  • EPS growth to moderate due to higher interest expense.
  • Amortization from acquisitions to impact net earnings.
  • Leverage ratio temporarily above 1.0x post-acquisition.
  • Higher inventory and receivables could strain working capital.
  • Macroeconomic factors may affect product demand.

Revenue & Expenses

Visualization of income flow from segment revenue to net income