HWKN Hawkins, Inc.
Hawkins, Inc. engaged in the distribution, blending, and manufacture of chemicals and specialty ingredients for a wide variety of industries. It operates through the following segments: Industrial, Water Treatment, and Health and Nutrition. The Industrial segment provides g industrial chemicals, products, and services to the agriculture, chemical processing, electronics, energy, food, pharmaceutical, and plating industries. The Water Treatment segment offers chemicals, equipment, and solutions for potable water, municipal, industrial wastewater, industrial process water, and non-residential swimming pool water. The Health and Nutrition segment comprises of the ingredient distribution, processing, and formulation solutions to manufacturers of nutraceutical, functional food and beverage, personal care, dietary supplement and other nutritional food, health, and wellness products. The company was founded by Howard Hawkins in 1938 and is headquartered in Roseville, MN.
Company profile
Ticker
HWKN
Exchange
Website
CEO
Patrick H. Hawkins
Employees
Incorporated in
Location
Fiscal year end
Sector
Industry (SEC)
Former names
Hawkins Chemical Inc
SEC CIK
Corporate docs
IRS number
410771293
Calendar
6 Feb 20
4 Apr 20
29 Mar 21
News
Company financial data Financial data
| Quarter (USD) | Dec 19 | Sep 19 | Jun 19 | Mar 19 | |
|---|---|---|---|---|---|
| Revenue | 120.41M | 140.04M | 147.34M | 133.05M | |
| Net income | 4.55M | 9.25M | 9.81M | 3.77M | |
| Diluted EPS | 0.43 | 0.87 | 0.92 | 0.35 | |
| Net profit margin | 3.78% | 6.61% | 6.66% | 2.83% | |
| Operating income | 6.78M | 13.18M | 13.96M | 5.79M | |
| Net change in cash | 3.21M | -1.55M | -3.59M | 1.9M | |
| Cash on hand | 7.27M | 4.06M | 5.61M | 9.2M | |
| Cost of revenue | 98.93M | 112.05M | 118.54M | 112.38M |
Financial data from Hawkins earnings reports
Recent insider trades
| Date | Owner | Security | Transaction | Code | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|
| 1 Apr 20 | Oldenkamp Jeffrey P. | Common Stock | Payment of exercise | Dispose F | 32.69 | 1,657 | 54.17K | 16,970.706 |
| 31 Jul 19 | Duane M Jergenson | Common Stock | Grant | Aquire A | 0 | 1,144 | 0 | 35,019 |
| 31 Jul 19 | John S Mckeon | Common Stock | Grant | Aquire A | 0 | 1,144 | 0 | 47,087.225 |
| 31 Jul 19 | Mary J. Schumacher | Common Stock | Grant | Aquire A | 0 | 1,144 | 0 | 9,152 |
| 31 Jul 19 | James A Faulconbridge | Common Stock | Grant | Aquire A | 0 | 1,144 | 0 | 14,998 |
Institutional ownership Q4 2019
13F holders |
Current |
|---|---|
| Total holders | 121 |
| Opened positions | 10 |
| Closed positions | 15 |
| Increased positions | 37 |
| Reduced positions | 44 |
13F shares |
Current |
|---|---|
| Total value | 451.28M |
| Total shares | 6.45M |
| Total puts | 6.6K |
| Total calls | 0 |
| Total put/call ratio | Infinity |
Largest owners |
Shares | Value |
|---|---|---|
| BLK BlackRock | 1.53M | $70.26M |
| Vanguard | 770.46K | $35.29M |
| Dimensional Fund Advisors | 610.53K | $27.97M |
| N Price T Rowe Associates | 605.68K | $27.75M |
| STT State Street | 298.73K | $13.69M |
| WFC Wells Fargo & Co. | 158.29K | $7.25M |
| BK Bank Of New York Mellon | 146.28K | $6.7M |
| NTRS Northern Trust | 142.65K | $6.54M |
| Geode Capital Management | 133.37K | $6.11M |
| GW&K Investment Management | 101.52K | $4.65M |
Financial report summary
?Risks
- Environmental problems at any of our facilities could result in significant unexpected costs.
- Our food, pharmaceutical and nutritional products are subject to government regulation, both in the United States and abroad, which could increase our costs significantly and limit or prevent the sale of such products.
- Our businesses expose us to potential product liability claims and recalls, which could adversely affect our financial condition and performance.
- Demand for our food and nutritional products is highly dependent upon consumers’ perception of the safety and quality of our products, our customers’ products as well as similar products distributed by other companies, and adverse publicity and negative public perception regarding particular ingredients or products or the nutraceuticals industry in general could limit our ability to increase revenue and grow that portion of our business.
- The insurance that we maintain may not fully cover all potential exposures.
- Failure to comply with the covenants under our credit facility may have a material adverse effect.
- Impairment to the carrying value of our goodwill or other intangible assets could adversely affect our financial condition and consolidated results of operations.
Management Discussion
- Sales decreased $7.8 million, or 6.0%, to $120.4 million for the three months ended December 29, 2019, as compared to $128.2 million for the same period of the prior year.
- Industrial Segment. Industrial segment sales decreased $6.0 million, or 8.7%, to $63.0 million for the three months ended December 29, 2019, as compared to $69.0 million for the same period of the prior year. Sales of bulk commodity products in the Industrial segment were approximately 18% of sales dollars for the current quarter and 23% for the same period in the prior year. Sales dollars decreased from the prior year due to lower overall sales volumes, particularly of lower-priced bulk commodities driven by a weak ethanol industry, as well as lower pricing due to lower costs of one of our major commodities.
- Water Treatment Segment. Water Treatment segment sales increased $2.2 million, or 6.6%, to $34.9 million for the three months ended December 29, 2019, as compared to $32.7 million for the same period of the prior year. Sales of bulk commodity products in the Water Treatment segment were approximately 12% of sales dollars for the current quarter and 16% of sales dollars for the same period in the prior year. The increase in sales dollars was driven by increased volumes sold of certain manufactured, blended and re-packaged products that carry higher per-unit selling prices, offset somewhat by lower pricing due to lower costs of one of our major commodities.
Content analysis
?
| Positive | ||
| Negative | ||
| Uncertain | ||
| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
H.S. freshman Good
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New words:
branch, chapter, check, deduction, electronically, emerging, EmployerIdentification, ethanol, experienced, filer, Interactive, issuer, mark, past, preceding, provision, registered, registrant, Regulation, Rule, Shareholder, shell, shorter, submit, submitted, unfavorable, WASHINGTON, weak
Removed:
acquisition, arose, FASB, indemnification, offsetting, receivable, reclassified, relevant, retainer, spending, Stauber, taxing, uncertain, unrecognized
Financial reports
10-Q
2020 Q3
Quarterly report
6 Feb 20
10-Q
2020 Q2
Quarterly report
30 Oct 19
10-Q
2020 Q1
Quarterly report
31 Jul 19
10-K
2019 FY
Annual report
23 May 19
10-Q
2019 Q3
Quarterly report
6 Feb 19
10-Q
2019 Q2
Quarterly report
31 Oct 18
10-Q
2019 Q1
Quarterly report
2 Aug 18
10-K
2018 FY
Annual report
31 May 18
10-Q
2018 Q3
Quarterly report
8 Feb 18
10-Q
2018 Q2
Quarterly report
2 Nov 17
Current reports
8-K
Changes in Registrant's Certifying Accountant
11 Feb 20
8-K
Regulation FD Disclosure
10 Feb 20
8-K
Hawkins, Inc. Reports Third Quarter Fiscal 2020 Results
5 Feb 20
8-K
Departure of Directors or Certain Officers
11 Dec 19
8-K
Hawkins, Inc. Reports Second Quarter Fiscal 2020 Results
30 Oct 19
8-K
Submission of Matters to a Vote of Security Holders
5 Aug 19
8-K
Hawkins, Inc. Reports
31 Jul 19
8-K
Hawkins, Inc. Reports
23 May 19
8-K
Hawkins, Inc. Announces Increase In Number of Shares Authorized Under Share Repurchase Program
7 Feb 19
8-K
Hawkins, Inc. Reports
6 Feb 19
Registration and prospectus
S-8 POS
Registration of securities for employees (post-effective amendment)
1 Nov 19
S-8
Registration of securities for employees
1 Nov 19
S-8
Registration of securities for employees
2 Nov 18
S-8
Registration of securities for employees
6 Jun 11
S-8 POS
Registration of securities for employees (post-effective amendment)
6 Jun 11
S-8
Registration of securities for employees
11 Mar 11
S-8
Registration of securities for employees
2 Mar 05
S-8
Registration of securities for employees
3 May 02
Proxies
DEFR14A
Revised proxy
17 Jul 19
DEF 14A
Definitive proxy
28 Jun 19
DEF 14A
Definitive proxy
29 Jun 18
DEF 14A
Definitive proxy
30 Jun 17
DEF 14A
Definitive proxy
1 Jul 16
DEFA14A
Additional proxy soliciting materials
24 Jun 15
DEF 14A
Definitive proxy
1 Jul 14
DEF 14A
Definitive proxy
24 Jun 13
DEF 14A
Definitive proxy
27 Jun 12
DEF 14A
Definitive proxy
22 Jun 11
Other
UPLOAD
Letter from SEC
19 Jun 09
CORRESP
Correspondence with SEC
18 Jun 09
UPLOAD
Letter from SEC
17 Jun 09
UPLOAD
Letter from SEC
26 Mar 09
CORRESP
Correspondence with SEC
9 Mar 09
UPLOAD
Letter from SEC
23 Feb 09
UPLOAD
Letter from SEC
16 May 07
CORRESP
Correspondence with SEC
14 May 07
UPLOAD
Letter from SEC
9 May 07
CORRESP
Correspondence with SEC
25 Apr 07
Ownership
4
HAWKINS / Jeffrey P. Oldenkamp ownership change
3 Apr 20
SC 13G/A
Hawkins Inc
14 Feb 20
SC 13G/A
Hawkins Inc
12 Feb 20
SC 13G/A
Hawkins Inc
12 Feb 20
SC 13G/A
Beneficial ownership report (amended)
7 Feb 20
SC 13G/A
Hawkins Inc
4 Feb 20
4
HAWKINS / DUANE M JERGENSON ownership change
2 Aug 19
4
HAWKINS / JOHN S MCKEON ownership change
2 Aug 19
4
HAWKINS / Mary J. Schumacher ownership change
2 Aug 19
4
HAWKINS / James A Faulconbridge ownership change
2 Aug 19