HAWKINS Reports Positive Earnings for FY2024 Q1 on June 30 2023
August 25, 2023
☀️Earnings Overview
On June 30 2023, HAWKINS ($NASDAQ:HWKN) announced their earnings results for FY2024 Q1 with total revenue of USD 251.1 million, a 1.9% year-on-year increase. Net income also saw an 18.9% increase to USD 23.4 million compared to the same period in the previous year.
Share Price
On Wednesday, June 30 2023, HAWKINS reported their financial results for FY2024 Q1. The financials were promising as the company reported positive earnings for the quarter. At the stock market, HAWKINS opened at $45.9 and closed at $46.0, down by 0.9% from its prior closing price of 46.4. Despite the slight decrease in share price, investors remain optimistic about the company’s long-term prospects.
This is a testament to the company’s efficient management and disciplined approach to cost control. Overall, HAWKINS’ financials for FY2024 Q1 were a positive result for the company and investors alike, and serve as a reminder of the company’s potential for growth in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Hawkins. 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. 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. 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. 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% |
Analysis
At GoodWhale, we recently conducted an analysis of HAWKINS‘s financials. We found that based on our Star Chart, HAWKINS had a high health score of 10/10, indicating that it is capable to sustain future operations in times of crisis. Additionally, we classified HAWKINS as a ‘gorilla’, meaning that it has achieved stable and high revenue or earnings growth due to its strong competitive advantage. For investors looking for a reliable, long-term investment, HAWKINS may be an ideal company. It is both strong in growth and profitability, while being medium in asset and dividend. Moreover, its competitive advantage gives investors confidence that their investment will flourish regardless of economic fluctuations. Therefore, we believe that investors looking for a secure and prosperous return may be interested in HAWKINS. More…
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 reported strong financial results for FY2024 Q1, with total revenue of USD 251.1 million and net income of USD 23.4 million. This represents a 1.9% year-on-year increase in revenue and 18.9% in net income, demonstrating the company’s growth potential. Investors should take note of the impressive performance as it is indicative of HAWKINS’ future prospects and indicates that now could be a great time to invest.
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