Investor Alert: Hawkins, Inc. (NASDAQ:HWKN) notched a move of -0.88% to $33.66 for the day. The total traded volume was 41887. The stock had closed at $33.96 on the previous day. Shares float is 9.69M and outstanding shares are at 11.02M. The float short is currently 0.40% and short ratio is 1.56.
Hawkins, Inc. (NASDAQ:HWKN) reported results for the three months ended September 30, 2018, its second quarter of fiscal 2019.
Produced sales of $145.3 million, an increase of 16% from $125.4 million from a year ago, with double-digit year-over-year growth in each of our three reporting segments.
Achieved operating income of $10.8 million, an increase of 17% over the second quarter of the prior year as a result of organic growth; net income of $7.4 million, a 42% increase over the second quarter of the prior year; and, EBITDA of $16.8 million, a 10.5% increase over the second quarter of the prior year.
Reported diluted earnings per share (EPS) of $0.69 for the current quarter, as compared to $0.49 for the same period of the prior year, and record second quarter year-to-date EPS of $1.54, an increase of 48% over the same period of the prior year.
Generated $24.9 million in operating cash flow in the first half of fiscal 2019, a $20.4 million year-over-year improvement.
Made total debt payments of $15 million in the second quarter, resulting in total outstanding debt of $86 million and a total cash flow leverage ratio of 1.54x.
Patrick Hawkins, Chief Executive Officer and President said “We are pleased to report our second quarter with strong organic double-digit revenue growth. Revenue in all three of our operating segments grew by double digits in the second quarter, driven by strategic investments we made in the businesses over the past couple of years”. “In our Industrial segment, the growth came from increased sales across a number of specialty product lines, as well as our ability to pass on raw material cost increases in a stabilizing market. The growth in our Water Treatment segment resulted from increased sales across several product lines in the majority of the geographic markets we serve as well as favorable weather conditions. In our Health and Nutrition segment, revenue increases were fueled by strong sales of distributed specialty products, resulting from opportunities with newer and existing products and customers. We import only a limited number of products from China, so the impact of recent tariffs has been minimal.”
HWKN is with Insider ownership of 2.10% and institutional ownership counts to 58.70%. The stock made income -19.80M on sales of 520.20M. ROA sticks to -1.40% and ROI is -6.50%. Shares have moved -21.45% from its 1 Year high price and changed 10.18% from its 1 Year low price. The shares registered RSI (14) at 34.38 and ATR factor was seen at 1.59.