Hawkins, Inc. reported a significant increase in financial performance for the second quarter of fiscal 2026, ending September 28, 2025. The company achieved sales of $280.4 million, a 14% increase from $247.0 million in the same quarter of the previous year. For the first half of the fiscal year, total sales reached $573.7 million, up from $502.9 million, marking a similar 14% growth. The company's net income for the quarter was $22.6 million, down from $24.1 million year-over-year, while net income for the six-month period was $51.8 million, slightly lower than $53.0 million in the prior year.
The financial results reflect notable changes in various segments. The Water Treatment segment saw a 21% increase in sales, reaching $150.9 million, driven by $23 million in sales from acquired businesses and improved pricing. The Food & Health Sciences segment experienced a modest 2% growth to $72.9 million, primarily due to increased sales volumes in agricultural products. The Industrial Solutions segment also reported an 11% increase in sales, totaling $56.6 million, attributed to higher volumes of manufactured and blended products.
Hawkins, Inc. has been active in expanding its market presence through acquisitions. The company completed several acquisitions, including WaterSurplus for approximately $149.9 million, which is expected to enhance its Water Treatment segment. The total cash consideration for acquisitions in the first half of fiscal 2026 amounted to $162.5 million. Additionally, the company has realigned its reporting segments to better reflect its operations, now categorizing them into Water Treatment, Food & Health Sciences, and Industrial Solutions.
Operationally, Hawkins reported an increase in cash and cash equivalents to $10.4 million, up from $5.1 million at the end of the previous fiscal year. The company also noted a rise in selling, general, and administrative expenses, which increased by 27% to $33.7 million, largely due to costs associated with acquired businesses. The effective income tax rate remained stable at approximately 27% for both the current and prior year periods.
Looking ahead, Hawkins, Inc. anticipates continued growth driven by its strategic acquisitions and operational efficiencies. The company expects its cash balances and available credit facilities to support ongoing operations and potential future acquisitions. The management remains optimistic about leveraging its expanded capabilities in the specialty ingredients market to enhance overall financial performance.
About HAWKINS INC
Hawkins, Inc. is a water treatment and specialty ingredients company providing chemicals, products, and services across three segments: Water Treatment, Industrial, and Health and Nutrition. It serves municipal, industrial, agricultural, and health-focused markets with a focus on quality, service, and innovation. The company leverages shared resources, regulatory compliance, and a broad supplier network to deliver tailored solutions and maintain competitive advantages.
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