HAWKINS Reports USD 251.1 Million in Revenue for Q1 FY2024, 1.9% Year-on-Year Increase
August 16, 2023
☀️Earnings Overview
For the first fiscal quarter of 2024, HAWKINS ($NASDAQ:HWKN) reported total revenue of USD 251.1 million, representing a 1.9% year-on-year rise. Net income for the same period came in as USD 23.4 million, an 18.9% increase on the corresponding quarter of the previous year.
Analysis
GoodWhale conducted an analysis of HAWKINS‘s financials and the results are quite impressive. The Star Chart shows that HAWKINS is strong in growth, profitability, and medium in asset and dividend. This indicates that the company is strongly competitive and has achieved stable and high revenue or earning growth. Investors who are looking for such companies with solid fundamentals and potential for growth should take note of HAWKINS’s performance. Not only is it showing strong growth in several areas, but it also has a high health score of 10/10 with regard to its cashflows and debt. This indicates that the company is capable of sustaining future operations even in times of crisis. Overall, HAWKINS is a great investment option for those who are seeking a company with high profitability and potential for growth. The company’s strong competitive advantage makes it an attractive option for investors who are seeking long-term returns. More…
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% |
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 posted strong results for the first quarter of FY2024, with total revenue increasing by 1.9% year-on-year and net income up 18.9%. This reflects a favorable market climate for the company which is providing a strong return for investors. HAWKINS has maintained its competitive advantage in the market and is well placed to capitalize on growth opportunities.
The company is well managed and has sound operational practices that are producing consistent returns for shareholders. Investors should take note of HAWKINS’ performance in this quarter and consider it an attractive option in the current market.
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