NASDAQ$HWKN

Hawkins Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Hawkins reported record quarterly sales and gross profit, with all three segments growing more than 20%.

Hawkins, Inc. announced record results for the first quarter of fiscal year 2022. Record quarterly sales were driven by year-over-year volume increases in all three segments. Record gross profit contributed to record operating income and diluted earnings per share.

  • Record quarterly sales of $181.2 million, a 27% year-over-year increase.
  • Record quarterly gross profit of $39.0 million, a 26% increase over the prior year.
  • Record first quarter diluted earnings per share (EPS) of $0.79, 44% higher than the same period last year.
  • Record first quarter operating cash flow of $14.8 million, compared to $1.6 million a year ago.

Headline financials

Total Revenue

$181M

Previous: $143M+26.6%
EPS (adj)

$0.79

Previous: $0.56+41.1%
Adjusted EBITDA

$29.1M

Previous: $22.6M+28.8%
Capital Expenditures

-$2.16M

Previous: -$4.85M+55.5%
Free Cash Flow

$14.5M

Previous: $6.94M+108.5%
Net Income

$16.6M

Previous: $11.8M+41.1%
Operating Income

$22.1M

Previous: $15.9M+38.8%
Gross Profit

$39M

Previous: $31M+25.8%
Cash & Equivalents

$5.22M

Previous: $4.51M+15.8%
Total Assets

$475M

Previous: $399M+18.9%
Stock-Based Comp

$799K

Previous: $700K+14.1%

Revenue & EPS history

Hawkins · Revenue · Quarterly

$181M

Q1 2022+26.6%vs Q1 2021
Beat estimate in 9 of 9 quarters(100%)
ActualEstimate

Revenue by segment

Hawkins · $181M total across 3 segments · Q1 2022

  • Industrial Solutions
    $85.9M+20.1%
  • Water Treatment
    $56.2M+41.7%
  • Food & Health Sciences
    $39.2M+22.4%

Forward guidance

The company expects supply chain challenges to continue.

Headwinds

  • Supply chain challenges are expected to continue across all business segments.

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 2022

Historical avgQ1 2022

+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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