NASDAQ$HWKN
Hawkins Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Hawkins reported strong Q2 2024 results driven by growth in the Water Treatment segment and disciplined inventory management.
Hawkins, Inc. reported record second-quarter results for fiscal year 2024, with significant growth in gross profit, operating income, and earnings per share. The Water Treatment segment was a key driver of this growth, while the company also focused on debt reduction and strategic acquisitions.
- Second quarter sales reached $236.5 million, with Water Treatment group sales growing 17% year-over-year.
- Record quarterly gross profit of $53.9 million, a 16% increase over the prior year, resulted in record quarterly operating income of $33.0 million, up 25% year-over-year.
- Record second quarter diluted EPS of $1.10, 28% higher than the same period last year.
- Record quarterly operating cash flow of $57.8 million, used to reduce debt by $28.6 million, lowering debt to $60.0 million and leverage ratio to 0.45x adjusted EBITDA.
Headline financials
Revenue & EPS history
Hawkins · Revenue · Quarterly
$237M
Revenue by segment
Hawkins · $237M total across 3 segments · Q2 2024
- Water Treatment$101M+16.7%42.7%
- Industrial Solutions$98.5M-13.5%41.7%
- Food & Health Sciences$37.1M-9.1%15.7%
Forward guidance
The company anticipates continued growth in the Water Treatment segment for the remainder of the year, remains cautiously optimistic about the Industrial segment, and expects the Health and Nutrition distribution business to improve on a year-over-year basis beginning in calendar 2024.
Tailwinds
- Continued growth in Water Treatment segment expected.
- Cautious optimism for the Industrial segment.
- Health and Nutrition distribution business expected to improve starting in calendar 2024.
- Strong operating cash flow generation.
- Ability to manage the balance sheet effectively.
Headwinds
- Potential changes in regulation.
- Changes in labor markets.
- Changes in competition and price pressures.
- Changes in demand and customer requirements.
- Availability of product and disruptions to supplies.
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 2024
+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
| Quarter | Report date | Reaction (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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