H
HAWKINS INC
HWKNCIK 0000046250NasdaqLarge AcceleratedWholesale-Chemicals & Allied ProductsMinnesotaFY ends Mar 28
Period
FY 2026
Revenue
$1.08B
Net Income
$81.55M
Total Assets
$986.29M
Equity
$534.01M
Shares Out
20.87M
Op. Cash Flow
$144.33M
Business
HAWKINS INC is a water treatment and specialty ingredients company that formulates, manufactures, blends and distributes chemicals and ingredient solutions for commercial and industrial customers. It offers water treatment chemicals and equipment, industrial acids/alkalis and repackaged bulk chemicals, and health and nutrition ingredients including minerals, vitamins, amino acids, botanicals, excipients and value‑added formulation and processing services. The company operates three business segments: Water Treatment, Industrial, and Health and Nutrition, each providing manufacturing, custom blending and technical sales support. Its products are distributed through employee‑operated delivery routes, warehouses, manufacturing locations and terminals, sold nationally and, for some health and nutrition products, internationally.
Summary from filing dated 2025-05-14
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | Mar 29, 2026 2026-03-29 | Mar 30, 2025 2025-03-30 | Mar 31, 2024 2024-03-31 |
|---|---|---|---|---|
| Sales | 1,084 | 974 | 919 | |
| Cost of sales | 839 | 749 | 726 | |
| Gross profit | 245 | 226 | 194 | |
| Selling, general and administrative expenses | 124 | 106 | 90 | |
| Operating income | 121 | 119 | 104 | |
| Interest expense, net | −14 | −5 | −4 | |
| Other income | 2 | 641,000 | 1 | |
| Income before income taxes | 109 | 114 | 101 | |
| Income tax expense | 28 | 30 | 26 | |
| Net income | 82 | 84 | 75 | |
| Weighted average number of shares outstanding-basic | 21 | 21 | 21 | |
| Weighted average number of shares outstanding-diluted | 21 | 21 | 21 | |
| Earnings Per Share | — | — | — | |
| Basic earnings per share | 3.93 | 4.05 | 3.61 | |
| Diluted earnings per share | — | — | — | |
| Diluted earnings per share | 3.91 | 4.03 | 3.59 | |
| Cash dividends declared and paid per common share | 0.75 | 0.7 | 0.63 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | Mar 29, 2026 2026-03-29 | Mar 30, 2025 2025-03-30 |
|---|---|---|---|
| ASSETS | — | — | |
| CURRENT ASSETS: | — | — | |
| Cash and cash equivalents | 4 | 5 | |
| Trade accounts receivables, net | 140 | 132 | |
| Inventories | 78 | 84 | |
| Income taxes receivable | 891,000 | 3 | |
| Prepaid expenses and other current assets | 9 | 7 | |
| Total current assets | 231 | 231 | |
| PROPERTY, PLANT, AND EQUIPMENT: | — | — | |
| Land | 21 | 19 | |
| Buildings and improvements | 193 | 164 | |
| Machinery and equipment | 175 | 151 | |
| Transportation equipment | 89 | 78 | |
| Office furniture and equipment | 11 | 9 | |
| Property, plant and equipment, gross | 490 | 421 | |
| Less accumulated depreciation | 223 | 196 | |
| Net property, plant, and equipment | 266 | 225 | |
| OTHER ASSETS: | — | — | |
| Right-of-use assets | 17 | 13 | |
| Goodwill | 223 | 135 | |
| Intangible assets, net | 233 | 150 | |
| Deferred compensation plan assets | 13 | 11 | |
| Other assets | 3 | 4 | |
| Total other assets | 489 | 314 | |
| Total assets | 986 | 770 | |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | — | — | |
| CURRENT LIABILITIES: | — | — | |
| Accounts payable — trade | 60 | 61 | |
| Accrued payroll and employee benefits | 20 | 20 | |
| Short-Term Lease Commitment, Amount | 3 | 3 | |
| Contract with Customer, Liability, Current | 2 | 0 | |
| Accrual for Taxes Other than Income Taxes, Current | 1 | 1 | |
| Deferred Compensation Liability, Current | 1 | 538,000 | |
| Container deposits | 1 | 2 | |
| Business Combination, Contingent Consideration, Liability, Current | 5 | 0 | |
| Environmental remediation | 8 | 8 | |
| Other current liabilities | 4 | 2 | |
| Total current liabilities | 105 | 97 | |
| Long-term debt | 244 | 149 | |
| Long-term lease liabilities | 14 | 11 | |
| Pension withdrawal liability | 3 | 3 | |
| Deferred compensation liability | 25 | 22 | |
| Deferred compensation liability | 15 | 13 | |
| Business Combination, Contingent Consideration, Liability, Noncurrent | 45 | 13 | |
| Other long-term liabilities | 1 | 1 | |
| Liabilities, Noncurrent, Total | 347 | 213 | |
| Total liabilities | 452 | 310 | |
| Commitments and Contingencies | — | — | |
| SHAREHOLDERS’ EQUITY: | — | — | |
| Common shares; authorized: 60,000,000 shares of $0.01 par value; 20,752,138 and 20,684,621 shares issued and outstanding for 2026 and 2025, respectively | 208,000 | 207,000 | |
| Additional paid-in capital | 33 | 24 | |
| Retained earnings | 500 | 434 | |
| Accumulated other comprehensive income | 981,000 | 2 | |
| Total shareholders’ equity | 534 | 460 | |
| Total liabilities and shareholders’ equity | 986 | 770 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | Mar 29, 2026 2026-03-29 | Mar 30, 2025 2025-03-30 | Mar 31, 2024 2024-03-31 |
|---|---|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES: | — | — | — | |
| Net income | 82 | 84 | 75 | |
| Reconciliation to cash flows provided by operating activities: | — | — | — | |
| Depreciation and amortization | 53 | 40 | 32 | |
| Change in fair value of earnout liability | −6 | 1 | 571,000 | |
| Operating leases | 4 | 3 | 3 | |
| Gain on deferred compensation assets | 2 | 641,000 | 1 | |
| Deferred income taxes | 3 | 461,000 | −1 | |
| Stock compensation expense | 9 | 6 | 5 | |
| Gain from asset disposals | 202,000 | 61,000 | 85,000 | |
| Other, net | −179,000 | −87,000 | −87,000 | |
| Changes in operating accounts (using) providing cash, net of acquisitions: | — | — | — | |
| Trade receivables | 2 | 11 | −21 | |
| Inventories | −10 | 7 | −20 | |
| Accounts payable | −6 | 2 | −828,000 | |
| Accrued liabilities | 2 | 476,000 | 11 | |
| Lease liabilities | 4 | 3 | 3 | |
| Income taxes | 2 | −5 | −1 | |
| Other, net | −147,000 | 1 | 112,000 | |
| Net cash provided by operating activities | 144 | 111 | 159 | |
| CASH FLOWS FROM INVESTING ACTIVITIES: | — | — | — | |
| Additions to property, plant, and equipment | 58 | 41 | 40 | |
| Acquisitions | 167 | 87 | 83 | |
| Proceeds from asset disposals | 1 | 544,000 | 1 | |
| Net cash used in investing activities | −224 | −128 | −123 | |
| CASH FLOWS FROM FINANCING ACTIVITIES: | — | — | — | |
| Cash dividends paid | 16 | 15 | 13 | |
| ESPP shares issued | 3 | 3 | 2 | |
| Shares surrendered for payroll taxes | 3 | 3 | 2 | |
| Shares repurchased | 0 | 21 | 11 | |
| Payments for debt issuance costs | 764,000 | 0 | 0 | |
| Payments on senior secured revolving loan | 75 | 60 | 98 | |
| Borrowings on senior secured revolving loan | 170 | 110 | 85 | |
| Net cash provided by (used in) financing activities | 79 | 15 | −37 | |
| NET DECREASE IN CASH AND CASH EQUIVALENTS | −1 | −2 | −413,000 | |
| CASH AND CASH EQUIVALENTS - end of year | — | — | — | |
| CASH AND CASH EQUIVALENTS - end of year | — | — | — | |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION- | — | — | — | |
| Cash paid during the year for income taxes, net of refunds | 23 | 34 | 29 | |
| Cash paid for interest | 14 | 6 | 5 | |
| Noncash investing activities - Capital expenditures in accounts payable | 3 | 2 | 3 |
Filings
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