Overview
Hawkins fiscal Q1 revenue grows 15%, beating analyst expectations, per LSEG data
Water Treatment segment revenue up 28%, driven by WaterSurplus acquisition
Co closed strategic acquisition of WaterSurplus, enhancing water treatment capabilities
Outlook
Hawkins expects all segments to grow profitability in fiscal 2026
Company maintains strong balance sheet and leverage ratio
Result Drivers
WATER TREATMENT GROWTH - Segment revenue increased 28% due to WaterSurplus acquisition and improved pricing
ACQUISITION IMPACT - WaterSurplus acquisition added $29 mln to sales, enhancing segment capabilities
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
$293.27 mln
$278.80 mln (3 Analysts)
Q1 EPS
$1.4
Q1 Net Income
$29.18 mln
Q1 Adjusted EBITDA
Beat
$57.65 mln
$54 mln (3 Analysts)
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the diversified chemicals peer group is "buy"
Wall Street's median 12-month price target for Hawkins Inc is $154.00, about 4.3% below its July 29 closing price of $160.63
The stock recently traded at 36 times the next 12-month earnings vs. a P/E of 25 three months ago
Press Release: ID:nGNX8yPhQR
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)