Hawkins, Inc. (HWKN)

Hawkins, Inc. announced its fiscal 2025 fourth-quarter and full fiscal year results on May 14, 2025. In July 2025, Hawkins reported Q1 FY2026 results, with revenue growing 15% year-over-year and adjusted EBITDA increasing by 13%. The company also announced a 6% increase in its quarterly cash dividend to $0.19 per share. Hawkins completed the acquisition of PhillTech, LLC in July 2025 and StillWaters Technology, Inc. in August 2025. Analyst ratings have varied, with BWS Financial boosting their target price and issuing a "buy" rating, while Wall Street Zen and Zacks Research downgraded the stock to a "hold" rating. Raymond James Financial initiated coverage with a "market perform" rating. Hawkins is expected to release its Q2 FY2026 financial results on October 29, 2025.

The Water Treatment segment of Hawkins, Inc. experiences seasonality, with the second fiscal quarter typically being a seasonal peak. This seasonality can lead to a decline in the company's overall gross margin in the second half of its fiscal year. Despite this, the firm's revenue has generally increased over the years, driven by organic growth in its Water Treatment segment and strategic acquisitions. Demand for its value-added chemicals is growing.

Hawkins, Inc. is a specialty chemical and ingredients company founded in 1938 and based in Roseville, Minnesota. It operates across three segments: Water Treatment, Industrial, and Health and Nutrition. The Water Treatment segment provides chemicals, equipment, and solutions for various water applications. The Industrial segment offers chemicals, products, and services to industries like agriculture, chemical processing, and food. The Health and Nutrition segment focuses on ingredient distribution and formulation solutions for manufacturers of nutraceutical and health products.

Hawkins, Inc. primarily operates across the United States, with its headquarters in Roseville, Minnesota. The company has an extensive network of 64 facilities in 28 states. Recent acquisitions, such as Amerochem, have expanded its market presence, particularly in North Carolina, and PhillTech, LLC in Alabama, further strengthening its water treatment business. The acquisition of Intercoastal Trading, Inc. also expanded its footprint on the East Coast in Maryland, Delaware, and Virginia.

Hawkins, Inc. has maintained a positive brand reputation, marked by its recognition as one of America's Greatest Companies 2025 by Newsweek. The company is known for its focus on safety, technical expertise, and responsible care of the environment and community. Its long-term success is attributed to a consistent drive to deliver for customers, emphasizing superb service and support, quality products, and personalized applications. Hawkins has also been recognized for its consistent financial performance, reporting its 29th consecutive quarter of year-over-year operating income growth in July 2025.

Hawkins, Inc. has significant institutional ownership, with institutions holding approximately 70.76% to 73% of the company's shares. Major institutional owners include BlackRock, Inc., The Vanguard Group, Inc., and State Street Corp. Individual investors hold about 16.95% to 19% of the company. Insiders own approximately 8.49% to 12.29% of the stock, with Howard M. Hawkins being the largest individual shareholder, owning 2.01% of the company.