Hawkins, Inc. Reports Fourth Quarter and Fiscal Year 2025 Results

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[{"type":"text","content":"ROSEVILLE, Minn., May 14, 2025 (GLOBE NEWSWIRE) -- Hawkins, Inc. (Nasdaq: HWKN) today announced fourth quarter and full-year results for its fiscal year ended March 30, 2025. Fourth Quarter Fiscal Year 2025 Highlights: Record fourth quarter sales of $245.3 million, a 10% increase over the same quarter of the prior year, led by Water Treatment segment sales growth of 21% over the same quarter in the prior year.Record fourth quarter gross profit of $52.2 million, a 15% increase over the same quarter of the prior year, contributing to record fourth quarter operating income of $24.6 million, a 22% increase over the prior year.Record fourth quarter diluted earnings per share (EPS) of $0.78, which was 18% higher than the same period of the prior year.Record fourth quarter Adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization (adjusted EBITDA), a non-GAAP measure, of $36.7 million, an 18% increase over the same period of the prior year. Full-Year Fiscal Year 2025 Highlights: Record annual sales of $974.4 million, an increase of 6% over the prior fiscal year, with Water Treatment segment sales up 23% over the prior year.Record gross profit of $225.5 million, a 16% increase over the prior year, contributing to record operating income of $119.2 million, a 15% year-over-year increase.Record diluted EPS of $4.03, which was $0.44, or 12%, higher than fiscal 2024.Record adjusted EBITDA, a non-GAAP measure, of $167.5 million, an increase of 17% over fiscal 2024.Operating cash flow of $111.1 million.Completed four acquisitions during the fiscal year, all of which supported growth in our Water Treatment segment.Ended the year with net debt of $143.9 million and a leverage ratio of 0.86x adjusted EBITDA.Paid cash dividends of $0.70 per share for the year, an increase of 11% over the prior year. This marks the 40th consecutive year of paying a dividend. Executive Commentary – Patrick H. Hawkins, Chief Executive Officer and President: “Fiscal 2025 was another exciting year of growth for our company. This resulted in records in sales, gross margin, operating income, EPS, and adjusted EBITDA. We are extremely proud of our accomplishments over the past year that allowed us to achieve these record levels. Our focus has been to deliver sustained growth over time, and we accomplished our seventh straight year of EPS growth, helping to ...

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