November 4 2016

Hawkins, Inc. reports second Quarter FY2017 Results

Acquisition pays off for Hawkins

United States chemical distributor Hawkins, Inc. (Roseville (Minneapolis), MN, United States) earlier this week published results for Q2-FY2017. Sales for the three months ended on 02.10.2016 were USD 121.25 mn, an increase of 28.2% over the same period in fiscal 2016. Operating Income was USD 12.1 mn, up from USD 9.51 mn over the second quarter of fiscal 2016, an increase of 28%. Net Income was USD 7.2 mn or USD 0.68 per diluted share. This compares with a figures of US$ 5.7 mn and USD 0.54 in fiscal 2016, respectively.


President and CEO Patrick Hawkins attributes ca. 50% of the increase in Operating Income to the newly added Health & Nutrition business segment, which Hawkins established with the acquisition of Stauber Performance Ingredients (Fullerton, CA, United States) in December 2015 A more favourable product mix with higher gross margins and reduced operations expenses also contributed.


Source: Hawkins press release


HGE – DCG / 04.11.2016

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