HAWKINS INC (HWKN) FY2025 10-K Annual Report
HAWKINS INC (HWKN) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on May 14, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
HAWKINS INC FY2025 10-K Analysis
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
HAWKINS INC FY2025 Key Financial MetricsXBRL
Revenue
$974M
▲ +6.0% YoY
Net Income
$84M
▲ +11.9% YoY
Gross Margin
23.1%
▲ +208bp YoY
Operating Margin
12.2%
▲ +91bp YoY
Net Margin
8.7%
▲ +46bp YoY
ROE
18.3%
▼ -24bp YoY
Total Assets
$770M
▲ +17.0% YoY
EPS (Diluted)
$4.03
▲ +12.3% YoY
Operating Cash Flow
$111M
▼ -30.3% YoY
Source: XBRL data from HAWKINS INC FY2025 10-K filing on SEC EDGAR. All figures in USD.
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