hawkins inc (HWKN) Key Developments
Hawkins, Inc. and BASF Signs Exclusive Distribution Agreement
Aug 24 15
Hawkins Inc. and BASF signed an exclusive distribution agreement for the distribution of BASF's Water Solutions portfolio throughout the Midwestern United States. Product lines included in the agreement are BASF's Zetag, Magnafloc LT, Burst, Magnasol and Antiprex brands. These solutions address the needs of the water treatment industry in a variety of applications such as drinking and waste water treatment, industrial process water treatment and environmental remediation.
Hawkins, Inc. Declares Semi-Annual Cash Dividend, Payable on October 2, 2015
Jul 30 15
The Board of Directors of Hawkins Inc., at its meeting on July 30, 2015, declared a semi-annual cash dividend of $0.40 per share payable October 2, 2015, to shareholders of record at the close of business on September 18, 2015.
Hawkins Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended June 28, 2015
Jul 29 15
Hawkins Inc. reported unaudited consolidated earnings results for the first quarter ended June 28, 2015. For the quarter, the company reported sales of $101,496,000 against $98,036,000 a year ago. Operating income was $10,844,000 against $9,621,000 a year ago. Income before income taxes was $10,865,000 against $9,635,000 a year ago. Net income was $6,791,000 against $6,021,000 a year ago. Basic and diluted earnings per share were $0.64 against $0.57 per share a year ago.
Hawkins Inc., Annual General Meeting, Jul 30, 2015
Jun 24 15
Hawkins Inc., Annual General Meeting, Jul 30, 2015., at 15:00 Central Standard Time. Location: midland hills country club. Agenda: To consider the election of eight directors; to re-approve the material terms of the 2010 omnibus incentive plan for purposes of section 162(m) of the internal revenue code; to advise in a non-binding vote to approve the compensation of the executive officers; and to transact such other business as may properly come before the meeting or any adjournment thereof.
Hawkins Inc. Reports Unaudited Consolidated Earnings Results Fourth Quarter and Full-Year Ended March 29, 2015
May 27 15
Hawkins Inc. reported unaudited consolidated earnings results fourth quarter and full-year ended March 29, 2015. For the quarter, the company reported sales of $93.3 million as compared to $85.2 million for the same period a year ago. Net income was $3.9 million, or $0.37 per fully diluted share, compared to net income of $4.3 million, or $0.40 per fully diluted share, for the same period in fiscal 2014. The LIFO method of valuing inventory increased gross profit by $0.6 million in the fourth quarter of fiscal 2015, compared to an increase of $1.8 million in the fourth quarter of the prior year. Operating income was $5.999 million against $6.169 million a year ago. Income from continuing operations before income taxes was $6.026 million against $6.158 million a year ago.
For the year, the company reported sales of $364.0 million represented an increase of 4.5% from $348.3 million for the prior fiscal year. Net income was $19.2 million or $1.81 per fully diluted share, compared to net income of $18.1 million, or $1.71 per fully diluted share, for fiscal 2014. Operating income was $30.41 million against $28.090 million a year ago. Income from continuing operations before income taxes was $30.454 million against $28.061 million a year ago.