HAWKINS INC
Business
Hawkins Inc. is a leading water treatment and specialty ingredients company that formulates, manufactures, distributes, and blends chemicals and ingredient products. The company serves water treatment, food and health sciences, and industrial solutions customers through three operating segments. Products include treatment chemicals, filtration media and systems, nutrition and pharmaceutical ingredients, industrial acids and alkalis, and related equipment and services. The company operates 53 water treatment warehouses across 28 eastern U.S. states and additional manufacturing and distribution facilities in California, New York, Minnesota, and Illinois, serving customers nationally and internationally.
Summary from 10-K filed 2026-05-13
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2026 2026-03-31 | FY 2025 2025-03-31 | FY 2024 2024-03-31 | FY 2023 2023-03-31 | FY 2022 2022-03-31 |
|---|---|---|---|---|---|---|
| Sales | 1,084 | 974 | 919 | 935 | 775 | |
| Cost of sales | −839 | −749 | −726 | −770 | −628 | |
| Gross profit | 245 | 226 | 194 | 165 | 147 | |
| Selling, general and administrative expenses | −124 | −106 | −90 | −77 | −75 | |
| Operating income | 121 | 119 | 104 | 88 | 71 | |
| Interest expense, net | −14 | −5 | −4 | −5 | −1 | |
| Other income | 2 | 641,000 | 1 | −334,000 | 189,000 | |
| Income before income taxes | 109 | 114 | 101 | 83 | 70 | |
| Income tax expense | −28 | −30 | −26 | −23 | −18 | |
| Net income | 82 | 84 | 75 | 60 | 52 | |
| Weighted average number of shares outstanding-basic | 21 | 21 | 21 | 21 | 21 | |
| Weighted average number of shares outstanding-diluted | 21 | 21 | 21 | 21 | 21 | |
| Basic earnings per share | 3.93 | 4.05 | 3.61 | 2.88 | 2.46 | |
| Diluted earnings per share | 3.91 | 4.03 | 3.59 | 2.86 | 2.44 | |
| Cash dividends declared and paid per common share | 0.75 | 0.7 | 0.63 | 0.57 | 0.52 |
Consolidated Balance Sheet
| Concept | Trend | FY 2026 2026-03-31 | FY 2025 2025-03-31 | FY 2024 2024-03-31 | FY 2023 2023-03-31 | FY 2022 2022-03-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 4 | 5 | 7 | 8 | 3 | |
| Trade accounts receivables, net | 140 | 132 | 114 | 129 | 123 | |
| Inventories | 78 | 84 | 75 | 89 | 95 | |
| Income taxes receivable | 891,000 | 3 | 0 | — | — | |
| Prepaid expenses and other current assets | 9 | 7 | 7 | 6 | 6 | |
| Total current assets | 231 | 231 | 203 | 232 | 228 | |
| Land | 21 | 19 | 18 | 16 | 17 | |
| Buildings and improvements | 193 | 164 | 148 | 135 | 118 | |
| Machinery and equipment | 175 | 151 | 141 | 126 | 115 | |
| Transportation equipment | 89 | 78 | 68 | 56 | 44 | |
| Office furniture and equipment | 11 | 9 | 12 | 11 | 10 | |
| Property, plant and equipment, gross | 490 | 421 | 387 | 345 | 304 | |
| Less accumulated depreciation | 223 | 196 | 178 | 159 | 142 | |
| Net property, plant, and equipment | 266 | 225 | 209 | 186 | 162 | |
| Right-of-use assets | 17 | 13 | 12 | 10 | 11 | |
| Goodwill | 223 | 135 | 103 | 77 | 77 | |
| Intangible assets, net | 233 | 150 | 117 | 73 | 80 | |
| Deferred compensation plan assets | 13 | 11 | 10 | 7 | 7 | |
| Other assets | 3 | 4 | 5 | 5 | 3 | |
| Total other assets | 489 | 314 | 246 | 173 | 178 | |
| Total assets | 986 | 770 | 658 | 591 | 567 | |
| Accounts payable trade | 60 | 61 | 56 | 54 | 67 | |
| Accrued payroll and employee benefits | 20 | 20 | 20 | 17 | 19 | |
| Short-Term Lease Commitment, Amount | 3 | 3 | — | — | 2 | |
| 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 | 8 | 0 | — | |
| Other current liabilities | 4 | 2 | 8 | 7 | 6 | |
| Total current liabilities | 105 | 97 | 103 | 91 | 101 | |
| Long-term debt | 244 | 149 | 89 | 102 | 116 | |
| Long-term lease liabilities | 14 | 11 | 10 | 9 | 9 | |
| Pension withdrawal liability | 3 | 3 | 4 | 4 | 4 | |
| Deferred compensation liability | 25 | 22 | 22 | 24 | 23 | |
| Deferred compensation liability | 15 | 13 | 12 | 9 | 8 | |
| Business Combination, Contingent Consideration, Liability, Noncurrent | 45 | 13 | — | — | — | |
| Other long-term liabilities | 1 | 1 | 1 | 2 | 2 | |
| Liabilities, Noncurrent, Total | 347 | 213 | — | — | — | |
| Total liabilities | 452 | 310 | 252 | 241 | 265 | |
| Commitments and Contingencies | — | — | — | — | — | |
| 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 | 208,000 | 209,000 | 209,000 | |
| Additional paid-in capital | 33 | 24 | 38 | 44 | 47 | |
| Retained earnings | 500 | 434 | 365 | 302 | 254 | |
| Accumulated other comprehensive income | 981,000 | 2 | 3 | 3 | 1 | |
| Total shareholders equity | 534 | 460 | 406 | 350 | 303 | |
| Total liabilities and shareholders equity | 986 | 770 | 658 | 591 | 567 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2026 2026-03-31 | FY 2025 2025-03-31 | FY 2024 2024-03-31 | FY 2023 2023-03-31 | FY 2022 2022-03-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 53 | 40 | 32 | 27 | 24 | |
| Change in fair value of earnout liability | −6 | 1 | 571,000 | 0 | 0 | |
| Operating leases | 4 | 3 | 3 | 2 | 2 | |
| Gain on deferred compensation assets | −2 | −641,000 | −1 | 334,000 | −189,000 | |
| Deferred income taxes | 3 | 461,000 | −1 | −232,000 | −2 | |
| Stock compensation expense | 9 | 6 | 5 | 4 | 4 | |
| Gain from asset disposals | −202,000 | −61,000 | −85,000 | −3 | 452,000 | |
| Other, net | −179,000 | −87,000 | −87,000 | −87,000 | −93,000 | |
| Trade receivables | −2 | −11 | 21 | −6 | −31 | |
| Inventories | 10 | −7 | 20 | 5 | −30 | |
| Accounts payable | −6 | 2 | −828,000 | −12 | 25 | |
| Accrued liabilities | 2 | 476,000 | 11 | −737,000 | 3 | |
| Lease liabilities | 4 | 3 | 3 | 2 | 2 | |
| Income taxes | 2 | −5 | −1 | 3 | 214,000 | |
| Other, net | 147,000 | −1 | −112,000 | −443,000 | −3 | |
| Net cash provided by operating activities | 144 | 111 | 159 | 77 | 43 | |
| Additions to property, plant, and equipment | −58 | −41 | −40 | −48 | −29 | |
| Acquisitions | −167 | −87 | −83 | 0 | −22 | |
| Proceeds from asset disposals | 1 | 544,000 | 1 | 7 | 302,000 | |
| Net cash used in investing activities | −224 | −128 | −123 | −41 | −50 | |
| Cash dividends paid | −16 | −15 | −13 | −12 | −11 | |
| ESPP shares issued | 3 | 3 | 2 | 2 | 2 | |
| Shares surrendered for payroll taxes | −3 | −3 | −2 | −2 | −1 | |
| Payments for debt issuance costs | −764,000 | 0 | 0 | 0 | −287,000 | |
| Payments on senior secured revolving loan | −75 | −60 | −98 | −59 | −15 | |
| Borrowings on senior secured revolving loan | 170 | 110 | 85 | 45 | 42 | |
| Net cash provided by (used in) financing activities | 79 | 15 | −37 | −32 | 7 | |
| NET DECREASE IN CASH AND CASH EQUIVALENTS | −1 | −2 | −413,000 | 4 | 498,000 | |
| Cash paid during the year for income taxes, net of refunds | 23 | 34 | 29 | 19 | 20 | |
| Cash paid for interest | 14 | 6 | 5 | 5 | 1 | |
| Noncash investing activities - Capital expenditures in accounts payable | 3 | 2 | 3 | 2 | 4 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is HAWKINS INC's CIK number?
HAWKINS INC's SEC CIK number is 0000046250 (46250). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find HAWKINS INC's SEC filings?
All of HAWKINS INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did HAWKINS INC last report earnings?
HAWKINS INC (HWKN) most recently filed an earnings 8-K with the SEC on May 13, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000046250-26-000017). This is HAWKINS INC's most recent earnings filing of record — not a forecast of its next earnings date.
What is HAWKINS INC's most recent earnings 8-K?
HAWKINS INC's latest earnings 8-K (Item 2.02) was filed May 13, 2026 under accession 0000046250-26-000017. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View HAWKINS INC's latest earnings 8-K →
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