HAWKINS Reports 1.9% Increase in Revenue for Fiscal Year 2024 First Quarter
August 7, 2023
☀️Earnings Overview
On June 30 2023, HAWKINS ($NASDAQ:HWKN) announced their earnings report for the first quarter of Fiscal Year 2024, with total revenue amounting to USD 251.1 million – a rise of 1.9% compared to the same period in the previous year. Net income also increased by 18.9%, reaching USD 23.4 million.
Analysis
GoodWhale has conducted an in-depth analysis of HAWKINS‘s financials to determine their risk profile. After our expert review, we have determined that HAWKINS is a low risk investment in terms of both financial and business aspects. However, we have identified one risk warning in their balance sheet that is worth noting. Therefore, if you would like to view this risk warning in more detail, please become a registered user of our services. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Hawkins. HAWKINS_Reports_1.9_Increase_in_Revenue_for_Fiscal_Year_2024_First_Quarter”>More…
| Total Revenues | Net Income | Net Margin |
| 939.67 | 63.78 | 6.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Hawkins. HAWKINS_Reports_1.9_Increase_in_Revenue_for_Fiscal_Year_2024_First_Quarter”>More…
| Operations | Investing | Financing |
| 121.66 | -37.53 | -83.07 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Hawkins. HAWKINS_Reports_1.9_Increase_in_Revenue_for_Fiscal_Year_2024_First_Quarter”>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 591.96 | 220.96 | 17.61 |
Key Ratios Snapshot
Some of the financial key ratios for Hawkins are shown below. HAWKINS_Reports_1.9_Increase_in_Revenue_for_Fiscal_Year_2024_First_Quarter”>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 20.6% | 28.6% | 10.0% |
| FCF Margin | ROE | ROA |
| 8.2% | 16.2% | 9.9% |
Peers
Hawkins Inc. has over 1,400 employees and operates in 21 states. Hawkins Inc. is a publicly traded company on the New York Stock Exchange under the ticker symbol HWKN. Flexible Solutions International Inc, Venator Materials PLC, Jiangsu Feymer Technology Co Ltd are all competitors of Hawkins Inc.
– Flexible Solutions International Inc ($NYSEAM:FSI)
Flexible Solutions International Inc is a chemical company that specializes in the development, manufacturing, and marketing of water treatment, pool, and spa products. The company has a market capitalization of 38.39 million as of 2022 and a return on equity of 17.09%. The company’s products are sold in over 60 countries around the world.
– Venator Materials PLC ($NYSE:VNTR)
Venator Materials PLC is a global chemical company with operations in over 30 countries. The company produces a variety of chemicals, including titanium dioxide, which is used in a wide range of applications such as paint, plastics, and paper. Venator also produces a variety of other chemicals used in a variety of industries, including agriculture, construction, and automotive. The company has a market cap of 87.74M as of 2022 and a return on equity of 11.79%.
– Jiangsu Feymer Technology Co Ltd ($SHSE:688350)
Jiangsu Feymer Technology Co Ltd is a Chinese company that produces medical devices and equipment. The company has a market cap of 2.11B as of 2022 and a return on equity of 5.68%. Jiangsu Feymer Technology Co Ltd is a publicly traded company on the Shenzhen Stock Exchange.
Summary
HAWKINS, a publicly traded company, reported an increase in total revenue and net income for the first quarter of FY 2024. Total revenue rose to USD 251.1 million, a 1.9% increase from the same period in the previous year. Net income also saw a significant jump of 18.9%, reaching USD 23.4 million, which indicates that their business strategies have been successful in generating increased profits. This is a positive sign for potential investors, and suggests that HAWKINS has good prospects for long-term growth.
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