Revenue
Our revenue arrangements generally consist of a single performance obligation to transfer promised goods or services. We disaggregate revenues from contracts with customers by both operating segments and types of product sold. Reporting by operating segment is pertinent to understanding our revenues, as it aligns to how we review the financial performance of our operations. Types of products sold within each operating segment help us to further evaluate the financial performance of our segments.
The following table disaggregates external customer net sales by major revenue stream:
Fiscal Year Ended March 29, 2026:
(In thousands)Water
Treatment
Food and Health SciencesIndustrial SolutionsTotal
Manufactured, blended or repackaged products (1)
$488,620 $— $167,710 $656,330 
Bulk products (2)
49,575 — 46,579 96,154 
Nutrition— 137,986 — 137,986 
Food— 99,278 — 99,278 
Pharmaceutical— 27,871 — 27,871 
Agricultural— 52,565 — 52,565 
Other5,108 3,000 5,404 13,512 
Total external customer sales$543,303 $320,700 $219,693 $1,083,696 
Fiscal Year Ended March 30, 2025:
(In thousands)Water
Treatment
Food and Health SciencesIndustrial SolutionsTotal
Manufactured, blended or repackaged products (1)
$400,849 $— $152,087 $552,936 
Bulk products (2)
39,977 — 47,885 87,862 
Nutrition— 144,434 — 144,434 
Food— 103,403 — 103,403 
Pharmaceutical— 25,864 — 25,864 
Agricultural— 45,727 — 45,727 
Other5,663 3,132 5,410 14,205 
Total external customer sales$446,489 $322,560 $205,382 $974,431 
Fiscal Year Ended March 31, 2024:
(In thousands)Water
Treatment
Food and Health SciencesIndustrial SolutionsTotal
Manufactured, blended or repackaged products (1)
$327,188 $— $163,655 $490,843 
Bulk products (2)
32,349 — 50,732 83,081 
Nutrition— 145,460 — 145,460 
Food— 114,516 — 114,516 
Pharmaceutical— 20,546 — 20,546 
Agricultural— 51,456 — 51,456 
Other3,752 2,582 6,926 13,260 
Total external customer sales$363,289 $334,560 $221,313 $919,162 
(1)This line includes our non-bulk specialty products in our Water Treatment and Industrial Solutions segments that we either manufacture, blend, repackage, resell in their original form, or direct ship to our customers in smaller quantities, and equipment and services we provide for our customers.
(2)This line includes bulk products in our Water Treatment and Industrial Solutions segments that we do not modify in any way, but receive, store, and ship from our facilities, or direct ship to our customers in large quantities.
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Historical Timeline

Fiscal YearFiled
2026May 13, 2026Showing above
2025May 14, 2025
2024May 15, 2024
2023May 17, 2023
2022May 18, 2022
2021Jun 2, 2021
2020May 20, 2020
2019May 23, 2019

About Revenue Disclosures

Revenue disclosures under ASC 606 explain how a company identifies performance obligations, allocates transaction prices, and determines when revenue is recognized. This section is essential for understanding whether reported revenue reflects genuine economic activity or aggressive accounting choices. Analysts examine the mix of point-in-time versus over-time recognition, which directly affects revenue timing and comparability.

Key signals: rising contract liabilities (deferred revenue) suggest strong future revenue visibility, while declining contract assets may indicate slowing project milestones. Watch for variable consideration estimates — rebates, returns, and performance bonuses that require management judgment. Significant changes in disaggregated revenue by geography or product line can reveal shifting business mix before it appears in headline numbers. Compare revenue growth against contract liability growth to assess sustainability, and scrutinize any changes in the timing of recognition that coincide with earnings pressure.