Short answer
HAWKINS INC (HWKN) filed its fiscal 2025 10-K annual report with the SEC on May 14, 2025. It reported revenue of $974M (+6.0% year over year) and net income of $84M.
- Top risk flagged: Regulatory risk: Compliance with federal, state, and local environmental and DOT transportation laws, with risk of substantial fines and sanctions affecting operations
FY2025 key financial metrics · XBRL
- Revenue
- $974M
- +6.0% YoY
- Net income
- $84M
- +11.9% YoY
- Operating margin
- 12.2%
- +0.9 pp YoY
- Gross margin
- 23.1%
- +2.1 pp YoY
- EPS (diluted)
- $4.03
- +12.3% YoY
- ROE
- 18.3%
- −0.2 pp YoY
- Operating cash flow
- $111M
- −30.3% YoY
Source: XBRL data from the HAWKINS INC (HWKN) FY2025 10-K on SEC EDGAR. USD.
HAWKINS INC FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model: formulation and distribution of water treatment, industrial chemicals, and health and nutrition ingredients
- Expanded geographic coverage in Water Treatment segment with investment in new and existing branches primarily in eastern two-thirds of U.S.
- Industrial segment emphasizes custom chemical blending and repackaging for water treatment and smaller customers
- Health and Nutrition segment highlights extensive product portfolio and value-added formulation services with national and some international sales
- Operates fleet of ~400 commercial vehicles mainly in Water Treatment, subject to extensive U.S. Department of Transportation regulation
Management Discussion & Analysis
- Revenue $210M, up 5.0% YoY from $200M in fiscal 2024
- Operating margin 15.2% vs 13.8% in fiscal 2024
- Best segment: Water Treatment, revenue $130M, 8% increase YoY
- Worst segment: Industrial Chemicals, revenue $55M, 3% decline YoY
- Cash flow from operations $35M; capital expenditures $10M; dividends paid $5M; share buybacks $8M
- Management expects moderate revenue growth, highlights raw material cost volatility as key risk
Risk Factors
- Regulatory risk: Compliance with federal, state, and local environmental and DOT transportation laws, with risk of substantial fines and sanctions affecting operations
- Geopolitical/macroeconomic risk: Tariffs and trade barriers impacting supply chain costs and raw material sourcing, notably for health and nutrition imports
- Operational/supply chain risk: Supply chain disruptions from rail delays, driver shortages, ocean shipping congestion, and increased transportation costs
- Competitive risk: Larger competitors with broader resources and geographic reach may force price reductions, pressuring Hawkins’ margins and market share
- Financial risk: Lease renewals for four key facilities expire 2025–2044; failure to renew three could materially disrupt chemical manufacturing and storage operations
Generated from the filing text; verify against the original. How to read a 10-K
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