NASDAQ$HWKN

Hawkins Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported record operating income and net income, driven by growth in the Health and Nutrition segment and increased demand for certain products due to COVID-19.

Hawkins, Inc. reported a strong first quarter for fiscal year 2021, marked by record operating income and net income. The company's Health and Nutrition segment experienced significant growth, while the Industrial segment benefited from increased demand for specific products related to COVID-19. Additionally, Hawkins announced the acquisition of American Development Corporation of Tennessee, Inc.

  • Achieved ninth consecutive quarter of year-over-year operating income growth, reaching a record $15.9 million, a 14% increase.
  • Reported record first quarter net income of $11.8 million, a 20% increase.
  • Announced the acquisition of American Development Corporation of Tennessee, Inc.
  • Sales decreased by 3% to $143.2 million, while Health and Nutrition segment sales increased by 11%.

Headline financials

Total Revenue

$143M

Previous: $147M-2.8%
EPS (adj)

$0.56

Previous: $0.46+21.7%
Adjusted EBITDA

$22.6M

Previous: $19.9M+13.3%
Capital Expenditures

-$4.85M

Previous: -$9.16M+47.1%
Free Cash Flow

$6.94M

Previous: $648K+971.0%
Net Income

$11.8M

Previous: $9.81M+20.2%
Operating Income

$15.9M

Previous: $14M+14.2%
Gross Profit

$31M

Previous: $28.8M+7.6%
Cash & Equivalents

$4.51M

Previous: $5.61M-19.6%
Total Assets

$399M

Previous: $399M+0.1%
Stock-Based Comp

$700K

Previous: $509K+37.5%

Revenue & EPS history

Hawkins · Revenue · Quarterly

$143M

Q1 2021-2.8%vs Q1 2020
Beat estimate in 5 of 5 quarters(100%)
ActualEstimate

Revenue by segment

Hawkins · $143M total across 3 segments · Q1 2021

  • Industrial Solutions
    $71.5M-5.0%
  • Water Treatment
    $39.7M-8.3%
  • Food & Health Sciences
    $32M+11.1%

Forward guidance

Hawkins expects continued mixed results across its business segments due to the COVID-19 pandemic, but anticipates earnings growth for the fiscal year.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+0.7%

Avg return

Earnings day

+1.6%

Avg return

5 days after

+5.6%

Avg return

30 days after

56%

36 / 64 earnings

Positive

+17.6%

Q1 2025

Best reaction

-10.2%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026-3.2%-5.5%-2.1%
Q3 2026-9.1%-17.6%-3.0%
Q2 2026-5.0%-19.0%-18.0%
Q4 2025-0.7%+5.8%+13.5%
Q3 2025-8.4%-0.1%-9.6%
Q2 2025-8.8%-9.3%+14.8%
Q1 2025+17.6%+11.1%+22.8%
Q4 2024+9.4%+15.4%+13.1%
Q3 2024-10.2%-13.5%+1.7%
Q2 2024-5.1%+5.8%+9.0%
Q1 2024+7.1%+10.2%+35.9%
Q4 2023+12.3%+9.1%+15.4%
Q3 2023+9.8%+5.5%+8.1%
Q2 2023-2.3%-9.5%-9.6%
Q1 2023+3.9%+7.4%-1.7%
Q4 2022-7.5%-10.5%-7.2%
Q3 2022+9.4%+5.8%+23.9%
Q2 2022-7.1%-4.7%-11.6%
Q1 2022+14.9%+12.4%+22.3%
Q4 2021+4.0%+2.5%-0.3%
Q3 2021+9.7%+11.5%+25.1%
Q2 2021+3.8%-5.8%+2.6%
Q1 2021+2.1%+8.7%+7.5%
Q4 2020+9.3%+14.9%+11.0%
Q3 2020+0.7%+0.9%-6.7%
Q2 2020+4.0%+7.9%+0.6%
Q1 2020+0.5%+3.9%-1.3%
Q4 2019+4.5%+4.1%+15.5%
Q3 2019-10.1%-14.2%-7.4%
Q2 2019+10.5%+9.0%+22.9%
Q1 2019+9.8%+9.2%+10.7%
Q4 2018-6.9%-3.1%+4.9%
Q3 2018+3.2%+5.7%+5.7%
Q2 2018-2.4%-5.9%-1.0%
Q1 2018-4.4%-7.0%-15.6%
Q4 2017+1.4%+1.6%-1.1%
Q3 2017+0.5%+2.0%-4.6%
Q2 2017+0.7%+3.8%+21.6%
Q1 2017+2.4%+4.0%+4.3%
Q4 2016+10.5%+12.2%+11.3%
Q3 2016+0.3%
Q2 2016+1.1%
Q1 2016+0.3%
Q4 2015+2.2%
Q3 2015-2.4%
Q2 2015+2.5%
Q1 2015-2.0%
Q4 2014-1.8%
Q3 2014-2.0%
Q2 2014-5.5%
Q1 2014-6.6%
Q4 2013-1.8%
Q3 2013+0.3%
Q2 2013+0.8%
Q1 2013+1.9%
Q4 2010-3.1%
Q4 2012-3.1%
Q3 2011+3.2%
Q3 2012+3.2%
Q2 2012+2.5%
Q1 2012-3.3%
Q1 2011-3.3%
Q2 2011-3.3%
Q4 2011-3.3%

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