NASDAQ$HWKN

Hawkins Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Reported record quarterly sales and gross profit, driven by volume growth in the Industrial and Water Treatment segments.

Hawkins, Inc. reported record third quarter fiscal 2022 results, with sales of $187.1 million, a 31% year-over-year increase. The company also reported record third quarter gross profit of $33.9 million, a 20% increase over the prior year, and record third quarter operating income of $14.3 million, a 36% year-over-year increase. Diluted earnings per share (EPS) was $0.48, which was $0.11, or 30%, higher than the same period last year.

  • Record quarterly sales of $187.1 million, a 31% year-over-year increase.
  • Record third quarter gross profit of $33.9 million, a 20% increase over the prior year.
  • Third quarter diluted earnings per share (EPS) of $0.48, which was $0.11, or 30%, higher than the same period last year.
  • Record third quarter earnings before interest, taxes, depreciation and amortization (adjusted EBITDA) of $21.7 million, a 22% increase over the prior year.

Headline financials

Total Revenue

$187M

Previous: $143M+30.9%
EPS (adj)

$0.48

Previous: $0.38+26.3%
Adjusted EBITDA

$21.7M

Previous: $17.8M+21.9%
Capital Expenditures

-$15.7M

Previous: -$13.2M-18.9%
Free Cash Flow

-$5.5M

Previous: -$5.28M-4.1%
Net Income

$10.2M

Previous: $7.92M+28.8%
Operating Income

$14.3M

Previous: $10.5M+35.9%
Gross Profit

$33.9M

Previous: $28.2M+20.2%
Cash & Equivalents

$23.4M

Previous: $7.97M+194.1%
Total Assets

$521M

Previous: $446M+16.8%
Stock-Based Comp

$1.05M

Previous: $917K+14.1%

Revenue & EPS history

Hawkins · Revenue · Quarterly

$187M

Q3 2022+30.9%vs Q3 2021
Beat estimate in 11 of 11 quarters(100%)
ActualEstimate

Revenue by segment

Hawkins · $187M total across 3 segments · Q3 2022

  • Industrial Solutions
    $101M+56.1%
  • Water Treatment
    $49.8M+26.6%
  • Food & Health Sciences
    $36.7M-6.5%

Forward guidance

The company did not provide specific forward guidance but discussed expectations regarding supply challenges and raw material prices.

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 2022

Historical avgQ3 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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