NASDAQ$HWKN

Hawkins Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Reported record quarterly sales and EPS, driven by strong performance in the Industrial and Water Treatment segments, despite macroeconomic pressures.

Hawkins, Inc. reported record fourth-quarter sales of $223.0 million, a 37% year-over-year increase, and record EPS of $0.50, a 16% increase. The company's performance was driven by growth in the Industrial and Water Treatment segments, despite challenges from inflation and supply chain disruptions.

  • Record quarterly sales of $223.0 million, a 37% year-over-year increase.
  • Gross profit of $36.3 million, a 14% increase year-over-year, absorbing $8.2 million in incremental LIFO expense.
  • Record fourth quarter diluted EPS of $0.50, 16% higher than the prior year.
  • Adjusted EBITDA of $22.3 million, an 11% increase year-over-year.

Headline financials

Total Revenue

$223M

Previous: $163M+36.8%
EPS (adj)

$0.50

Previous: $0.43+16.3%
Capital Expenditures

$12.8M

Previous: $7.59M+68.7%
Free Cash Flow

-$8.68M

Previous: $9.59M-190.5%
Net Income

$10.6M

Previous: $9.1M+16.5%
Operating Income

$15.2M

Previous: $12.9M+18.1%
Gross Profit

$36.3M

Previous: $31.8M+14.4%
Cash & Equivalents

$3.5M

Previous: $3M+16.6%
Total Assets

$567M

Previous: $473M+20.1%
Stock-Based Comp

$1.11M

Previous: $1.04M+6.8%

Revenue & EPS history

Hawkins · Revenue · Quarterly

$223M

Q4 2022+36.8%vs Q4 2021
Beat estimate in 12 of 12 quarters(100%)
ActualEstimate

Revenue by segment

Hawkins · $223M total across 3 segments · Q4 2022

  • Industrial Solutions
    $117M+53.9%
  • Water Treatment
    $60M+44.6%
  • Food & Health Sciences
    $45.6M+0.9%

Forward guidance

Hawkins anticipates continued topline growth into fiscal year 2023, focusing on managing cost structure to drive bottom-line results.

Tailwinds

  • Expected leveraging of investments in added personnel and resources.
  • Anticipated continued topline growth.
  • Focus on managing cost structure.
  • Strong relationships with customers and suppliers.
  • Innovative solutions to arising opportunities.

Headwinds

  • Margins impacted by macro-economic pressures.
  • Impact of inflation.
  • Global supply chain disruptions.
  • Rising raw material costs.
  • Potential changes in demand and customer requirements.

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 2022

Historical avgQ4 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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