We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Hawkins' Earnings Lag, Revenues Surpass Estimates in Q3
Read MoreHide Full Article
Hawkins, Inc. (HWKN - Free Report) logged earnings of 72 cents per share in the third quarter of fiscal 2025 (ended Dec. 29, 2024), up from 71 cents in the year-ago quarter. Earnings in the reported quarter missed the Zacks Consensus Estimate of 78 cents.
Find the latest EPS estimates and surprises on Zacks Earnings Calendar.
The company registered revenues of $226.2 million for the quarter, up around 8% year over year. It beat the Zacks Consensus Estimate of $219.2 million. Higher sales in the Water Treatment unit more than offset the decline in the Industrial segment.
Sales from the Water Treatment segment climbed 22% year over year to $99.8 million. Sales were driven by added sales from acquired businesses and higher sales volumes in the legacy business. The segment benefited from the seven acquisitions that HWKN completed over the past 18 months.
Industrial segment sales fell 1% year over year to $92 million in the reported quarter. Sales in the segment were affected by reduced selling prices on certain products due to lower raw material costs and product mix changes.
Health and Nutrition segment sales increased 3% year over year to $34.5 million. The upside was driven by higher sales of manufactured products.
HWKN’s Financials
The company ended the quarter with cash and cash equivalents of roughly $8.3 million, up around 10% sequentially. Long-term debt was roughly $103.9 million at the end of the quarter, up around 11% from the prior quarter.
HWKN generated an operating cash flow of around $80.3 million for the nine months ended Dec. 29, 2024.
Hawkins’ Outlook
Moving ahead, HWKN expects sustained growth in the Water Treatment and Health and Nutrition segments. It expects the Industrial segment to perform similar to the first nine months of fiscal 2025.
HWKN’s Price Performance
Shares of Hawkins have rallied 89.9% in a year compared with the Zacks Chemicals Specialty industry’s decline of 14.5%.
Ingevity is scheduled to release fourth-quarter results on Feb.18. The Zacks Consensus Estimate for NGVT’s fourth-quarter earnings is pegged at 12 cents. NGVT surpassed the Zacks Consensus Estimate in three of the trailing four quarters while missing once. It has a trailing four-quarter earnings surprise of 95.4%, on average.
ICL Group is slated to release fourth-quarter results on Feb.26. The consensus estimate for ICL’s fourth-quarter earnings is pegged at 6 cents. It surpassed the Zacks Consensus Estimate for earnings in each of the last four quarters at an average of 18.1%.
Nutrien is scheduled to release fourth-quarter results on Feb.19. The Zacks Consensus Estimate for NTR’s fourth-quarter earnings is pegged at 33 cents. NTR has gained around 2% in the past year.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Hawkins' Earnings Lag, Revenues Surpass Estimates in Q3
Hawkins, Inc. (HWKN - Free Report) logged earnings of 72 cents per share in the third quarter of fiscal 2025 (ended Dec. 29, 2024), up from 71 cents in the year-ago quarter. Earnings in the reported quarter missed the Zacks Consensus Estimate of 78 cents.
Find the latest EPS estimates and surprises on Zacks Earnings Calendar.
The company registered revenues of $226.2 million for the quarter, up around 8% year over year. It beat the Zacks Consensus Estimate of $219.2 million. Higher sales in the Water Treatment unit more than offset the decline in the Industrial segment.
Hawkins, Inc. Price, Consensus and EPS Surprise
Hawkins, Inc. price-consensus-eps-surprise-chart | Hawkins, Inc. Quote
Hawkins’ Segment Highlights
Sales from the Water Treatment segment climbed 22% year over year to $99.8 million. Sales were driven by added sales from acquired businesses and higher sales volumes in the legacy business. The segment benefited from the seven acquisitions that HWKN completed over the past 18 months.
Industrial segment sales fell 1% year over year to $92 million in the reported quarter. Sales in the segment were affected by reduced selling prices on certain products due to lower raw material costs and product mix changes.
Health and Nutrition segment sales increased 3% year over year to $34.5 million. The upside was driven by higher sales of manufactured products.
HWKN’s Financials
The company ended the quarter with cash and cash equivalents of roughly $8.3 million, up around 10% sequentially. Long-term debt was roughly $103.9 million at the end of the quarter, up around 11% from the prior quarter.
HWKN generated an operating cash flow of around $80.3 million for the nine months ended Dec. 29, 2024.
Hawkins’ Outlook
Moving ahead, HWKN expects sustained growth in the Water Treatment and Health and Nutrition segments. It expects the Industrial segment to perform similar to the first nine months of fiscal 2025.
HWKN’s Price Performance
Shares of Hawkins have rallied 89.9% in a year compared with the Zacks Chemicals Specialty industry’s decline of 14.5%.
HWKN’s Zacks Rank & Other Key Picks
HWKN currently carries a Zacks Rank #3 (Hold).
Better-ranked stocks in the Basic Materials space are Ingevity Corporation (NGVT - Free Report) , ICL Group Ltd (ICL - Free Report) and Nutrien Ltd. (NTR - Free Report) . While NGVT carries a Zacks Rank #1 (Strong Buy), ICL and NTR have a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Ingevity is scheduled to release fourth-quarter results on Feb.18. The Zacks Consensus Estimate for NGVT’s fourth-quarter earnings is pegged at 12 cents. NGVT surpassed the Zacks Consensus Estimate in three of the trailing four quarters while missing once. It has a trailing four-quarter earnings surprise of 95.4%, on average.
ICL Group is slated to release fourth-quarter results on Feb.26. The consensus estimate for ICL’s fourth-quarter earnings is pegged at 6 cents. It surpassed the Zacks Consensus Estimate for earnings in each of the last four quarters at an average of 18.1%.
Nutrien is scheduled to release fourth-quarter results on Feb.19. The Zacks Consensus Estimate for NTR’s fourth-quarter earnings is pegged at 33 cents. NTR has gained around 2% in the past year.