Hawkins, Inc. Reports 8% Revenue Growth to $315.7 Million in Latest Quarter

Hawkins, Inc. reported a revenue increase of 8% for the three months ended June 28, 2026, achieving sales of $315.7 million compared to $293.3 million in the same period last year. The company's gross profit rose to $74.0 million, representing 23% of sales, although this was a slight decrease from 25% in the prior year. Net income for the quarter was $28.3 million, down from $29.2 million a year earlier, resulting in diluted earnings per share of $1.35, compared to $1.40 in the previous year.

The financial performance reflects growth across all segments, with the Water Treatment segment generating $158.3 million in sales, a 6% increase from the previous year. The Food & Health Sciences segment saw a 9% rise in sales to $97.3 million, while the Industrial Solutions segment reported a 10% increase to $60.1 million. The overall increase in sales was attributed to improved pricing and higher volumes, along with contributions from recent acquisitions, including WaterSurplus, which added approximately $6.9 million in sales.

Hawkins, Inc. has made strategic moves to enhance its market position, including several acquisitions. In the first quarter of fiscal 2027, the company acquired Aqua-Chem, Inc. for approximately $3.6 million, which provides water treatment products to commercial pools. Additionally, the company completed multiple acquisitions in fiscal 2026, including WaterSurplus for $149.9 million, which is expected to bolster its Water Treatment segment significantly. The total annual revenue from the acquired businesses is estimated at $52.3 million.

Operationally, Hawkins reported a cash balance of $8.0 million as of June 28, 2026, an increase from $3.9 million at the end of the previous quarter. Cash provided by operating activities was $35.2 million, up from $31.5 million year-over-year, driven by favorable changes in inventories and accounts payable. The company also repurchased 45,196 shares of its common stock for $7.0 million during the quarter, with 686,348 shares remaining available for repurchase under its authorized program.

Looking ahead, Hawkins, Inc. anticipates that its cash balances, along with available funds under its credit facility, will be sufficient to meet operational needs for the foreseeable future. The company remains focused on strategic acquisitions and expanding its market share while managing costs effectively in a competitive environment. The effective tax rate for the full year is projected to be between 25% and 27%, reflecting ongoing adjustments in tax provisions.