The EPS decline is transitory due to acquisition amortization that will lap in Q1 FY2027; pro forma EPS grew 9% for the year. Watch for organic revenue acceleration in Food & Health Sciences and debt paydown toward the 1x leverage target by FY2027-end. The strong operating cash flow ($144.3M) supports continued M&A and deleveraging.
Price Chart
Executive Summary
Hawkins Inc. reported Q4 FY2026 results with record sales of $265.9M (+8% YoY) and record gross profit of $54.2M (+4% YoY), but GAAP diluted EPS declined 5% to $0.74 due to acquisition-related amortization and interest. Full-year revenue crossed $1B for the first time ($1.08B, +11% YoY), though full-year GAAP EPS fell 3% to $3.91. The EPS miss vs consensus and ongoing earnings dilution from the WaterSurplus acquisition temper the positive top-line momentum.
Key Financial Metrics
Key Facts
- Q4 FY2026 sales: $265.9M, +8% YoY (record Q4)
- Q4 GAAP diluted EPS: $0.74, -5% YoY vs $0.78
- Full-year FY2026 sales: $1.08B, +11% YoY (first time above $1B)
- Full-year GAAP diluted EPS: $3.91, -3% YoY vs $4.03
- Q4 operating cash flow: $37.7M, +22% YoY
- Full-year adjusted EBITDA: $179.0M, +6% YoY
- Water Treatment segment sales grew 22% for the year, now 50% of total revenue
- Total debt at year-end: $244.0M; leverage ratio 1.37x adjusted EBITDA (vs 0.86x prior year)
- Six acquisitions closed in FY2026, including WaterSurplus; acquisition spend $167.1M
- Dividend increased 7% to $0.75/share, 41st consecutive year of dividends
Financial Impact
Q4 EPS of $0.74 missed consensus of $0.75 by 1.3%; revenue of $265.9M beat consensus of $255.3M by 4.2%
Risk Factors
- Food & Health Sciences segment revenue declined 1% for the year with competitive pricing pressure
- Leverage increased to 1.37x from 0.86x due to acquisition debt; higher interest expense ($13.5M vs $5.4M)
- LIFO reserve increased $1.5M, reducing gross profit due to rising material costs
- GAAP EPS has declined YoY for three consecutive quarters due to acquisition-related non-cash charges
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000046250-26-000017 |
| Document: hwkn-20260513.htm | 0000046250-26-000017 |
| Document: 0000046250-26-000017-index-headers.html | 0000046250-26-000017 |
| Document: 0000046250-26-000017-index.html | 0000046250-26-000017 |
| Document: 0000046250-26-000017.txt | 0000046250-26-000017 |
| 8-K Data (Synthetic) | 0000046250-26-000017 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | 8-K | $152.00 | awaiting T+20 | — | $135.44 (−10.89%) |
Oct 26, 2026 today | Press Release | — | awaiting T+20 | — | — |
Oct 26, 2026 today | Press Release | $135.44 | awaiting T+20 | — | $135.44 (+0.00%) |
Aug 31, 2026 8w ago | Insider Cluster | $124.58 $126.00 | ▲ +1.14% | ▲ +1.03% | $135.44 (+8.72%) |
Jun 18, 2026 18w ago | DEFA14A | $161.45 $143.06 | ▼ −11.39% | ▼ −11.92% | $135.44 (−16.11%) |
May 19, 2026 22w ago | 8-K | $154.93 $161.45 | ▲ +4.21% | ▲ +3.47% | $135.44 (−12.58%) |
May 13, 2026 23w ago | 8-K | $156.38 $158.34 | ▲ +1.25% | ▲ +2.11% | $135.44 (−13.39%) |
Apr 29, 2026 25w ago | Press Release | $164.57 $158.64 | ▼ −3.60% | ▼ −9.06% | $135.44 (−17.70%) |
US Market Status
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