NASDAQ$HWKN

Hawkins Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Hawkins reported record quarterly operating income and record second quarter sales, driven by growth in the Health and Nutrition segment.

Hawkins, Inc. announced record second quarter fiscal 2021 results, including a 26% increase in operating income, a 6% increase in sales, and a 32% increase in earnings per share. The Health and Nutrition segment saw significant growth due to increased demand for health and immunity products, while the Water Treatment segment strengthened and the Industrial segment experienced lower results.

  • Operating income grew for the tenth consecutive quarter, reaching a record $16.6 million, a 26% increase year-over-year.
  • Second quarter sales reached a record $147.8 million, up 6% from the previous year, with the Health and Nutrition segment growing by 42%.
  • Diluted earnings per share (EPS) hit a record $1.15, a 32% increase compared to $0.87 in the second quarter of fiscal 2020.
  • Record quarterly operating cash flow of $18.6 million was achieved in the second quarter.

Headline financials

Total Revenue

$148M

Previous: $140M+5.5%
EPS (adj)

$0.58

Previous: $0.44+31.8%
Adjusted EBITDA

$23.4M

Previous: $19.2M+21.9%
Capital Expenditures

-$8.12M

Previous: -$14.1M+42.4%
Free Cash Flow

$4.07M

Previous: -$4.84M+184.1%
Net Income

$12.2M

Previous: $9.25M+31.8%
Operating Income

$16.6M

Previous: $13.2M+25.8%
Gross Profit

$32.8M

Previous: $28M+17.2%
Cash & Equivalents

$3.16M

Previous: $4.06M-22.1%
Total Assets

$423M

Previous: $393M+7.6%
Stock-Based Comp

$686K

Previous: $636K+7.9%

Revenue & EPS history

Hawkins · Revenue · Quarterly

$148M

Q2 2021+5.5%vs Q2 2020
Beat estimate in 6 of 6 quarters(100%)
ActualEstimate

Revenue by segment

Hawkins · $148M total across 3 segments · Q2 2021

  • Industrial Solutions
    $61.2M-10.1%
  • Water Treatment
    $49.5M+7.8%
  • Food & Health Sciences
    $37.1M+42.1%

Forward guidance

The company expects continued year-over-year improvement in the second half of the fiscal year as its specialty and manufactured products continue to grow.

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 Q2 2021

Historical avgQ2 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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