Hawkins, Inc. (HWKN) Financial Statements (2024 and earlier)

Company Profile

Business Address 2381 ROSEGATE
ROSEVILLE, MN 55113
State of Incorp. MN
Fiscal Year End March 31
Industry (SIC) 516 - Chemicals And Allied Products (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
Q2
6/30/2023
Q1
3/31/2023
Q4
12/31/2022
Q3
9/30/2022
Q2
6/30/2022
Q1
3/31/2022
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments  7,566   3,496
Cash and cash equivalents  7,566   3,496
Receivables138,340129,252125,471131,392138,775122,826
Inventory, net of allowances, customer advances and progress billings76,93888,777101,581113,062104,98894,985
Inventory76,93888,777101,581113,062104,98894,985
Other undisclosed current assets11,1776,44913,1967,1219,8596,431
Total current assets:226,455232,044240,248251,575253,622227,738
Noncurrent Assets
Operating lease, right-of-use asset11,32410,19910,55110,0199,97610,606
Property, plant and equipment190,622185,803178,375171,011166,447161,846
Intangible assets, net (including goodwill)148,792150,461152,347154,088155,836157,594
Goodwill77,40177,40177,40177,40177,40177,401
Intangible assets, net (excluding goodwill)71,39173,06074,94676,68778,43580,193
Asset, held-in-trust9,130 6,9876,7527,285 
Deferred costs  7,367   6,783
Other noncurrent assets5,6404,6615,4965,8383,2382,761
Total noncurrent assets:365,508358,491353,756347,708342,782339,590
TOTAL ASSETS:591,963590,535594,004599,283596,404567,328
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities84,39080,95873,27893,63391,57988,338
Taxes payable2,0696,684
Employee-related liabilities12,0599,65819,034
Accounts payable55,59853,70550,57360,88756,37666,693
Accrued liabilities28,79227,25322,70518,61818,8612,611
Debt9,9139,9139,9139,9139,9139,913
Customer refund liability     1,557 
Other undisclosed current liabilities   1,689(12,695)(14,886)3,215
Total current liabilities:94,30390,87184,88090,85188,163101,466
Noncurrent Liabilities
Long-term debt and lease obligation78,353101,731120,710139,446157,831124,787
Long-term debt, excluding current maturities78,353101,731120,710130,688149,166115,644
Liabilities, other than long-term debt48,30647,91747,25437,57237,13338,474
Deferred compensation liability, classified10,1179,3438,3847,8998,0828,402
Deferred income tax liabilities24,07723,80024,29724,32523,59423,422
Liability, pension and other postretirement and postemployment benefits3,8193,9124,0044,0954,1864,276
Other liabilities6962,1751,4871,2531,2712,374
Operating lease, liability9,5978,6879,0828,7588,6659,143
Total noncurrent liabilities:126,659149,648167,964177,018194,964163,261
Total liabilities:220,962240,519252,844267,869283,127264,727
Equity
Equity, attributable to parent371,001350,016341,160331,414313,277302,601
Common stock209209209208208209
Additional paid in capital44,40944,44343,38841,29440,19246,717
Accumulated other comprehensive income3,6892,9403,5943,7331,7561,291
Retained earnings322,694302,424293,969286,179271,121254,384
Total equity:371,001350,016341,160331,414313,277302,601
TOTAL LIABILITIES AND EQUITY:591,963590,535594,004599,283596,404567,328

Income Statement (P&L) ($ in thousands)

9/30/2023
Q2
6/30/2023
Q1
3/31/2023
Q4
12/31/2022
Q3
9/30/2022
Q2
6/30/2022
Q1
3/31/2022
Q4
Revenues251,120383,530219,218241,192246,543340,641
Cost of revenue
(Cost of Goods and Services Sold)
(199,129)(328,612)(182,947)(194,818)(199,794)(286,133)
Gross profit:51,99154,91836,27146,37446,74954,508
Operating expenses(19,504)(22,753)(21,004)(19,838)(18,885)(26,317)
Operating income:32,48732,16515,26726,53627,86428,191
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
337(882)465(446)(763)(1,093)
Other undisclosed income from continuing operations before equity method investments, income taxes      1,101
Income from continuing operations before equity method investments, income taxes:32,82431,28315,73226,09027,10128,199
Other undisclosed loss from continuing operations before income taxes  (5,234)   (1,404)
Income from continuing operations before income taxes:32,82426,04915,73226,09027,10126,795
Income tax expense(8,246)(7,968)(3,453)(6,707)(6,477)(7,152)
Income from continuing operations:24,57818,08112,27919,38320,62419,643
Income before gain (loss) on sale of properties:19,38320,62419,643
Net income:24,57818,08112,27919,38320,62419,643
Other undisclosed net income (loss) attributable to parent(1,148)995(1,546)(1,383)(929) 
Net income available to common stockholders, diluted:23,43019,07610,73318,00019,69519,643

Comprehensive Income ($ in thousands)

9/30/2023
Q2
6/30/2023
Q1
3/31/2023
Q4
12/31/2022
Q3
9/30/2022
Q2
6/30/2022
Q1
3/31/2022
Q4
Net income:24,57818,08112,27919,38320,62419,643
Other comprehensive income (loss)749 (139)1,977465 
Other undisclosed comprehensive income  1,600   1,300
Comprehensive income:25,32719,68112,14021,36021,08920,943
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1,148)1,044(1,546)(1,383)(929)(88)
Comprehensive income, net of tax, attributable to parent:24,17920,72510,59419,97720,16020,855

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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