NASDAQ$HWKN

Hawkins Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Hawkins reported an increase in diluted earnings per share and net income compared to the fourth quarter of fiscal year 2019.

Hawkins, Inc. reported a slight decrease in sales but an increase in net income and diluted earnings per share for the fourth quarter of fiscal 2020. The company's Water Treatment segment showed strong growth, while the Health and Nutrition segment experienced a decline.

  • Diluted earnings per share increased by 29% compared to Q4 2019.
  • Water Treatment segment sales increased by 8% year-over-year.
  • Health and Nutrition segment sales decreased by 9% year-over-year, but the decline was smaller than in previous quarters.
  • Adjusted EBITDA increased by 10% compared to the same period in the prior year.

Headline financials

Total Revenue

$132M

Previous: $133M-0.5%
EPS (adj)

$0.23

Previous: $0.18+27.8%
Capital Expenditures

$5.12M

Previous: $5.41M-5.4%
Free Cash Flow

$8.79M

Previous: $11.5M-23.9%
Net Income

$4.8M

Previous: $3.77M+27.3%
Operating Income

$7.76M

Previous: $5.79M+34.0%
Gross Profit

$22.6M

Previous: $20.7M+9.5%
Cash & Equivalents

$4.28M

Previous: $9.2M-53.5%
Total Assets

$389M

Previous: $386M+1.0%
Stock-Based Comp

$443K

Previous: $436K+1.6%

Revenue & EPS history

Hawkins · Revenue · Quarterly

$132M

Q4 2020-0.5%vs Q4 2019
Beat estimate in 4 of 4 quarters(100%)
ActualEstimate

Revenue by segment

Hawkins · $132M total across 3 segments · Q4 2020

  • Industrial Solutions
    $68.8M-0.9%
  • Water Treatment
    $35.9M+8.1%
  • Food & Health Sciences
    $27.7M-9.2%

Forward guidance

The company expects mixed results to continue due to the uncertainty caused by the COVID-19 pandemic.

Tailwinds

  • Increased demand in certain end-markets such as food, bottled bleach, and health and nutrition.
  • Cautious approach to capital expenditures and investments.
  • Delaying investments where appropriate.
  • Investing for the future by opening new Water Treatment branches.
  • Capital investments to drive higher margin business.

Headwinds

  • Decreased sales to other end-markets such as ethanol, pools, and resorts.
  • Uncertainty caused by the COVID-19 pandemic.
  • Expected continuation of mixed results.
  • Cautious approach to capital expenditures and investments.
  • Delaying investments where appropriate.

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 Q4 2020

Historical avgQ4 2020

+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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