NASDAQ$HWKN

Hawkins Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported record sales and gross profit, driven by strong growth in the Health and Nutrition segment and contributions from acquisitions.

Hawkins, Inc. reported a strong third quarter with record sales of $142.9 million, a 19% year-over-year increase, and record gross profit of $28.2 million, a 31% increase. Diluted earnings per share (EPS) increased by 74% to $0.75. The Health and Nutrition segment saw significant growth, and the company expanded its Water Treatment footprint with acquisitions.

  • Record third quarter sales of $142.9 million, a 19% year-over-year increase, driven by a 75% increase in the Health and Nutrition segment.
  • Record third quarter gross profit of $28.2 million, a 31% increase year-over-year, contributing to a 55% increase in operating income.
  • Diluted earnings per share (EPS) of $0.75, a 74% increase compared to the same period last year.
  • Extended Water Treatment footprint into Louisiana through acquisitions.

Headline financials

Total Revenue

$143M

Previous: $120M+18.7%
EPS (adj)

$0.38

Previous: $0.22+72.7%
Adjusted EBITDA

$17.8M

Previous: $13M+36.6%
Capital Expenditures

-$13.2M

Previous: -$19.4M+32.0%
Free Cash Flow

-$5.28M

Previous: -$14.9M+64.5%
Net Income

$7.92M

Previous: $4.55M+74.2%
Operating Income

$10.5M

Previous: $6.78M+54.8%
Gross Profit

$28.2M

Previous: $21.5M+31.5%
Cash & Equivalents

$7.97M

Previous: $7.27M+9.7%
Total Assets

$446M

Previous: $387M+15.4%
Stock-Based Comp

$917K

Previous: $685K+33.9%

Revenue & EPS history

Hawkins · Revenue · Quarterly

$143M

Q3 2021+18.7%vs Q3 2020
Beat estimate in 7 of 7 quarters(100%)
ActualEstimate

Revenue by segment

Hawkins · $143M total across 3 segments · Q3 2021

  • Industrial Solutions
    $64.4M+2.2%
  • Water Treatment
    $39.3M+12.6%
  • Food & Health Sciences
    $39.3M+74.7%

Forward guidance

The company did not provide specific forward guidance in this earnings report. The report mentions potential factors that could affect future financial results, but does not provide concrete financial targets or expectations for future periods.

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 Q3 2021

Historical avgQ3 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%

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