$HWKN

HAWKINS INC

CIK:0000046250|SEC Filings

Condensed Consolidated Statements of Income (Unaudited) - USD ($)	3 Months Ended
	Jun. 28, 2026	Jun. 29, 2025
Income Statement [Abstract]
Sales	$ 315,675,000	$ 293,272,000
Cost of sales	(241,668,000)	(220,910,000)
Gross profit	74,007,000	72,362,000
Selling, general and administrative expenses	(35,335,000)	(31,029,000)
Operating income	38,672,000	41,333,000
Interest expense, net	(2,773,000)	(3,269,000)
Other income	1,425,000	942,000
Income before income taxes	37,324,000	39,006,000
Income tax expense	(9,070,000)	(9,831,000)
Net income	$ 28,254,000	$ 29,175,000
Weighted Average Number of Shares Outstanding, Basic	20,777,481	20,717,485
Weighted Average Number of Shares Outstanding, Diluted	20,853,991	20,810,562
Basic earnings per share
Earnings Per Share, Basic	$ 1.36	$ 1.41
Diluted earnings per share
Earnings Per Share, Diluted	1.35	1.40
Common Stock, Dividends, Per Share, Declared	$ 0.19	$ 0.18

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Jun. 28, 2026	Jun. 29, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 28,254,000	$ 29,175,000
Reconciliation to cash flows:
Depreciation, Depletion and Amortization	13,945,000	12,291,000
Change in fair value of earnout liabilities	535,000	(1,583,000)
Operating leases	1,040,000	923,000
Gain on deferred compensation assets	(1,425,000)	(942,000)
Stock compensation expense	2,235,000	2,212,000
Other, net	58,000	(25,000)
Changes in operating accounts providing (using) cash:
Trade receivables	(12,462,000)	(2,651,000)
Inventories	(1,474,000)	(8,487,000)
Accounts payable	2,218,000	(3,812,000)
Accrued liabilities	(6,448,000)	(6,735,000)
Lease liabilities	(1,269,000)	(973,000)
Income taxes	9,029,000	9,831,000
Other, net	916,000	2,266,000
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation, Total	35,152,000	31,490,000
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant, and equipment	(11,605,000)	(13,544,000)
Acquisitions	(3,600,000)	(151,328,000)
Proceeds from asset disposals	260,000	327,000
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation, Total	(14,945,000)	(164,545,000)
CASH FLOWS FROM FINANCING ACTIVITIES:
Payments of Ordinary Dividends, Common Stock	(3,971,000)	(3,754,000)
Payment, Tax Withholding, Share-Based Payment Arrangement	(5,143,000)	(3,028,000)
Payments for Repurchase of Equity	(7,021,000)	0
Repayments of Other Debt	(5,000,000)	(10,000,000)
Payments of Debt Issuance Costs	0	(764,000)
Proceeds from Other Debt	5,000,000	160,000,000
Proceeds from (Payment for) Other Financing Activity	(9,000)	0
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation, Total	(16,144,000)	142,454,000
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Excluding Exchange Rate Effect, Including Discontinued Operation, Total	4,063,000	9,399,000
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation	7,977,000	14,502,000
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Interest Paid, Excluding Capitalized Interest, Operating Activity	2,816,000	3,286,000
Capital Expenditures Incurred but Not yet Paid	$ 3,001,000	$ 1,493,000

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Jun. 28, 2026	Mar. 29, 2026
Assets, Current [Abstract]
Cash and cash equivalents	$ 7,977,000	$ 3,914,000
Trade accounts receivables, net	151,773,000	139,796,000
Inventories	79,864,000	78,199,000
Prepaid expenses and other current assets	9,165,000	9,556,000
Total current assets	248,779,000	231,465,000
Property, Plant, and Equipment [Abstract]
Property, plant, and equipment	501,792,000	489,662,000
Less accumulated depreciation	231,206,000	223,406,000
Net property, plant, and equipment	270,586,000	266,256,000
Other Assets [Abstract]
Right-of-use assets	16,081,000	16,840,000
Goodwill	223,828,000	223,042,000
Intangible assets, net	229,018,000	232,887,000
Deferred compensation plan asset	16,477,000	12,812,000
Other Assets, Noncurrent	1,474,000	2,988,000
Other Assets, Total	486,878,000	488,569,000
Assets, Total	1,006,243,000	986,290,000
Liabilities, Current [Abstract]
Accounts payable — trade	62,845,000	59,835,000
Accrued payroll and employee benefits	15,750,000	20,092,000
Income tax payable	8,236,000	98,000
Environmental remediation	7,700,000	7,700,000
Other Liabilities, Current	15,083,000	17,119,000
Liabilities, Current, Total	109,614,000	104,844,000
Long-term debt	244,000,000	244,000,000
Long-term lease liabilities	13,703,000	14,457,000
Pension withdrawal liability	2,663,000	2,763,000
Deferred income taxes	25,065,000	25,110,000
Deferred compensation liability	17,330,000	14,850,000
Earnout liabilities	45,433,000	44,898,000
Other long-term liabilities	231,000	1,359,000
Liabilities, Noncurrent, Total	348,425,000	347,437,000
Liabilities, Total	458,039,000	452,281,000
Commitments and Contingencies
SHAREHOLDERS’ EQUITY:
Common Stock, Value, Issued	207,000	208,000
Additional paid-in capital	22,750,000	32,678,000
Retained earnings	524,425,000	500,142,000
Accumulated other comprehensive income	822,000	981,000
Total shareholders’ equity	548,204,000	534,009,000
Liabilities and Equity, Total	$ 1,006,243,000	$ 986,290,000