Hawkins, Inc. Reports Second Quarter Fiscal 2027 Results
Key Highlights
- ➤Revenue $313.8M, up 12%, with all three segments growing
- ➤Diluted EPS $1.34, up 23%; net income reached $27.8M
- ➤Adjusted EBITDA $59.1M, up 16%; trailing twelve-month EBITDA hit $188.0M
- ➤Hawkins acquired Dave Symonds and Eagle Labs, expanding Water Treatment reach
- ➤Second-half trends expected consistent, but $6.2M SG&A benefit will not recur
Expert Statements
Patrick H. Hawkins, President and Chief Executive Officer of Hawkins, Inc.
“Our record second-quarter results in revenue, gross profit, EPS, and adjusted EBITDA reflect the agility of our employees and the resilience of our business model”
Patrick H. Hawkins, President and Chief Executive Officer of Hawkins, Inc.
“Revenue grew 12% in the quarter, including organic growth of 11%, with all three segments growing and Water Treatment revenue up 16%, primarily driven by increased volumes.”
Patrick H. Hawkins, President and Chief Executive Officer of Hawkins, Inc.
“Gross profit grew 13%, again led by Water Treatment at 20%, driven by volume growth and higher per-unit dollar margins.”
Patrick H. Hawkins, President and Chief Executive Officer of Hawkins, Inc.
“That gross profit growth flowed through to the bottom line, with diluted EPS up 23% and record adjusted EBITDA of $59 million, up 16%.”
Patrick H. Hawkins, President and Chief Executive Officer of Hawkins, Inc.
“We continue to generate strong cash flow.”
Patrick H. Hawkins, President and Chief Executive Officer of Hawkins, Inc.
“Subsequent to quarter end, we closed on the acquisition of Eagle Labs, which adds two locations in the Dallas–Fort Worth region, continuing our expansion in Texas.”
Patrick H. Hawkins, President and Chief Executive Officer of Hawkins, Inc.
“We will continue to deliver on our strategy of investing in our higher-margin businesses, acquiring companies that are accretive to Hawkins, and serving the needs of our customers to the highest level possible.”
Patrick H. Hawkins, President and Chief Executive Officer of Hawkins, Inc.
“Looking forward we expect the second half trends to be consistent with what we saw in the first half, recognizing that SG&A in the second half of fiscal 2026 benefited from a non-recurring $6.2 million reduction in SG&A which will not recur in the second half of fiscal 2027.”
ROSEVILLE, Minn., Oct. 26, 2026 (GLOBE NEWSWIRE) -- Hawkins, Inc. (Nasdaq: HWKN) today announced results for its second quarter of fiscal 2027, the three months ended September 27, 2026.
(All comparisons are to the second quarter of fiscal 2026 unless otherwise noted.) * Record second quarter revenue of $313.8 million, with growth of 12%, driven by increased sales across all segments, including Water Treatment segment growth of 16%, Food & Health Sciences segment growth of 5%, and Industrial Solutions segment growth of 10%. * Record second quarter gross profit of $76.6 million, an increase of 13%. * Record second quarter diluted earnings per share ("EPS") of $1.34 increased $0.25, or 23%. * Record second quarter net income of $27.8 million increased 23%, with record trailing twelve-month net income of $85.8 million. Record Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (“adjusted EBITDA”), a non-GAAP measure, of $59.1 million, a 16% increase. Record trailing twelve-month adjusted EBITDA of $188.0 million. * Generated operating cash flow of $75.5 million, an increase of 6% for the six months ended September 27, 2026. Free cash flow, defined as net cash provided by operating activities less capital expenditures, increased 14% to $53.1 million compared to the same period in the prior year, which we allocated to repurchasing $18.6 million of stock, paying down $15.0 million of debt and paying $8.1 million in dividends. * Closed our second acquisition of fiscal 2027 with the purchase of Dave Symonds & Associates, Inc., a blended phosphates for corrosion control and sequestration focused water distributor based in Florida. * Subsequent to quarter end, we expanded into the Dallas–Fort Worth region, pairing our greenfield Water Treatment facility with the acquisition of Eagle Labs, Inc., a water treatment distributor with in-house manufacturing capabilities and expertise in coagulants and polymers. Executive Commentary – Patrick H. Hawkins, Chief Executive Officer and President:
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