Hawkins, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
January 31, 2024 at 04:13 pm EST
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Hawkins, Inc. reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was USD 208.5 million compared to USD 219.22 million a year ago. Net income was USD 14.89 million compared to USD 10.73 million a year ago. Basic earnings per share from continuing operations was USD 0.72 compared to USD 0.52 a year ago. Diluted earnings per share from continuing operations was USD 0.71 compared to USD 0.51 a year ago.
For the nine months, sales was USD 696.14 million compared to USD 706.95 million a year ago. Net income was USD 61.53 million compared to USD 48.43 million a year ago. Basic earnings per share from continuing operations was USD 2.95 compared to USD 2.32 a year ago. Diluted earnings per share from continuing operations was USD 2.93 compared to USD 2.31 a year ago.
Hawkins, Inc. is a specialty chemical and ingredients company that formulates, distributes, blends, and manufactures products for its industrial, water treatment, and health and nutrition customers. Its segments include Industrial, Water Treatment, and Health and Nutrition. The Industrial segment specializes in providing industrial chemicals, products and services to industries, such as agriculture, chemical processing, electronics, energy, food, pharmaceuticals and plating. Water Treatment segment specializes in providing chemicals, products, equipment, services and solutions for potable water, municipal and industrial wastewater, industrial process water, non-residential swimming pool water and agricultural water. Health and Nutrition segment specializes in providing ingredient distribution, processing and formulation solutions to manufacturers of nutraceutical, functional food and beverage, personal care, dietary supplement and other nutritional food, health and wellness products.