Overview
Water treatment firm's Q3 revenue grew 8% yr/yr but missed analyst expectations
Adjusted EBITDA for Q3 increased 3% but missed analyst estimates
Company completed acquisition of Redbird Chemical, previously announced
Outlook
Hawkins expects WaterSurplus acquisition to be accretive in fiscal 2027
Company anticipates revenue growth of 15% or more and EBITDA margins of 20%
Hawkins sees pricing pressures in food markets impacting fourth-quarter results
Result Drivers
WATER TREATMENT GROWTH - Water Treatment segment revenue increased 21%, driven by acquisitions and improved pricing
INDUSTRIAL SOLUTIONS GROWTH - Industrial Solutions segment sales rose 10% due to increased sales of manufactured, blended, and repackaged products
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Miss
$244.08 mln
$252.51 mln (4 Analysts)
Q3 EPS
$0.69
Q3 Net Income
$14.31 mln
Q3 Adjusted EBITDA
Miss
$34.84 mln
$39.80 mln (4 Analysts)
Q3 Operating Cash Flow
$35 mln
Press Release: ID:nGNX5lwHnm
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(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.)