NASDAQ$HWKN

Hawkins Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Hawkins reported record quarterly sales and EPS, driven by growth in all segments and effective management of supply chain challenges.

Hawkins, Inc. announced record second quarter fiscal 2022 results, with sales reaching $183.3 million, a 24% increase year-over-year. The company reported record EPS of $0.67, driven by increased sales volumes and prices across all segments, despite a LIFO charge of $3 million due to rising raw material costs.

  • Record quarterly sales of $183.3 million, a 24% year-over-year increase, driven by increases in all three segments.
  • Record second quarter EPS of $0.67, 18% higher than the same period last year.
  • Record quarterly operating cash flow of $25.3 million, enabling continued debt repayment.
  • Completed the acquisition of Southeast Water Systems in Alabama in September.

Headline financials

Total Revenue

$183M

Previous: $148M+24.0%
EPS (adj)

$0.67

Previous: $0.58+15.5%
Adjusted EBITDA

$26.6M

Previous: $23.4M+13.5%
Capital Expenditures

-$6.9M

Previous: -$8.12M+15.0%
Free Cash Flow

$7.23M

Previous: $4.07M+77.6%
Net Income

$14.1M

Previous: $12.2M+15.9%
Operating Income

$19.6M

Previous: $16.6M+18.3%
Gross Profit

$37.3M

Previous: $32.8M+13.7%
Cash & Equivalents

$6.8M

Previous: $3.16M+115.3%
Total Assets

$478M

Previous: $423M+12.9%
Stock-Based Comp

$862K

Previous: $686K+25.7%

Revenue & EPS history

Hawkins · Revenue · Quarterly

$183M

Q2 2022+24%vs Q2 2021
Beat estimate in 10 of 10 quarters(100%)
ActualEstimate

Revenue by segment

Hawkins · $183M total across 3 segments · Q2 2022

  • Industrial Solutions
    $83.2M+35.9%
  • Water Treatment
    $62.1M+25.5%
  • Food & Health Sciences
    $38M+2.4%

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 Q2 2022

Historical avgQ2 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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro