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Stock impact report

Hawkins, Inc. Reports Fourth Quarter and Fiscal Year 2024 Results

Hawkins, Inc. (HWKN) 
US:NASDAQ Investor Relations: hawkinsinc.com/investors
Company Research Source: GlobeNewswire
ROSEVILLE, Minn., May 15, 2024 (GLOBE NEWSWIRE) -- Hawkins, Inc. (Nasdaq: HWKN), a leading specialty chemical and ingredients company, today announced fourth quarter and full-year results for its fiscal year ended March 31, 2024. Fourth Quarter Fiscal Year 2024 Highlights: Fourth quarter sales of $223.0 million, down 2% compared to the same quarter in the prior year, with Water Treatment segment sales growth of 21% over the same quarter in the prior year.Gross profit of $45.5 million, a 27% increase over the same quarter in the prior year, contributing to a 9% increase in operating income in the quarter.Record fourth quarter diluted earnings per share (EPS) of $0.66, which was 20% higher than the same period of the prior year.Adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization (adjusted EBITDA), a non-GAAP measure, of $31.0 million, a 15% increase over the same period of the prior year.Record fourth quarter operating cash flow of $41.9 million allowed us to pa Show less Read more
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