Quarterly ResultMay 13, 2026, 04:18 PM
Hawkins Reports Record FY26 Sales of $1.1B; Q4 EPS $0.74
AI Summary
Hawkins, Inc. reported record full-year fiscal 2026 sales of $1.1 billion, an 11% increase, and record fourth-quarter sales of $265.9 million, up 8%. Despite strong revenue growth and a 30% increase in full-year operating cash flow, diluted EPS decreased by 3% to $3.91 for the full year and 5% to $0.74 for the fourth quarter. This decline was primarily attributed to increased amortization, interest expense, and fair value accretion related to six acquisitions completed during the fiscal year, including WaterSurplus. The company's M&A strategy significantly boosted its Water Treatment segment, which now accounts for 50% of total revenue, and management expects EPS growth in fiscal 2027.
Key Highlights
- Full-year fiscal 2026 sales reached a record $1.1 billion, an 11% increase from fiscal 2025.
- Fourth-quarter fiscal 2026 sales were a record $265.9 million, up 8% year-over-year.
- Full-year diluted EPS decreased 3% to $3.91, primarily due to $16.5 million in acquisition-related expenses.
- Fourth-quarter diluted EPS decreased 5% to $0.74, impacted by $4.4 million in acquisition-related expenses.
- Full-year operating cash flow increased 30% to $144.3 million.
- Water Treatment segment sales grew 22% for the full year to $543.3 million, largely from acquisitions.
- Completed six acquisitions in fiscal 2026, mainly accelerating growth in the Water Treatment segment.
- Paid cash dividends of $0.75 per share, a 7% increase, marking 41st consecutive year.