Hawkins, Inc. reported a strong financial performance for the fiscal year ending March 29, 2026, with total sales reaching $1,083.7 million, an increase of $109.3 million or 11% compared to the previous fiscal year. The company's gross profit also rose to $245.1 million, reflecting a 9% increase from $225.5 million in fiscal 2025. However, diluted earnings per share (EPS) decreased slightly to $3.91, down 3% from the prior year, while pro forma diluted EPS increased by 9% to $3.95. The company attributed the overall sales growth primarily to its Water Treatment and Industrial Solutions segments, which saw increases of 22% and 7%, respectively.

In terms of strategic developments, Hawkins made several acquisitions during the fiscal year, including the purchase of WaterSurplus, Inc. for approximately $149.9 million, which is expected to enhance its water treatment solutions. Other acquisitions included Redbird Chemical, StillWaters Technology, and PhillTech, among others, which collectively contributed an estimated $48 million in annual revenue. The company also realigned its reporting segments to better reflect its operations, now categorizing them into Water Treatment, Food and Health Sciences, and Industrial Solutions.

Operationally, Hawkins reported a total employee headcount of approximately 1,200 as of March 29, 2026, with a diverse workforce comprising about 45% female or racially and ethnically diverse employees. The company operates 53 warehouses across 28 states, primarily in the eastern United States, and plans to continue investing in geographic expansion. The Water Treatment segment, which has historically experienced higher sales during the warmer months, is expected to benefit from seasonal demand for water treatment chemicals.

The filing also highlighted challenges, including rising raw material costs that impacted gross profit margins. The company uses the last-in, first-out (LIFO) method for inventory valuation, which can lead to fluctuations in reported profits based on commodity price changes. Hawkins noted that while it aims to pass on increased costs to customers, there may be delays or limitations in doing so, which could affect profit margins. Looking ahead, Hawkins anticipates continued growth driven by its strategic acquisitions and operational efficiencies, although it remains cautious about potential market fluctuations and regulatory challenges.

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.

This description was generated via AI from an annual report. Updated 8 months ago.

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