Hawkins Inc. (HWKN, Financial) filed Quarterly Report for the period ended 2011-10-02.
Hawkins Inc. has a market cap of $401.2 million; its shares were traded at around $38.7 with a P/E ratio of 19.7 and P/S ratio of 1.3. The dividend yield of Hawkins Inc. stocks is 1.6%. Hawkins Inc. had an annual average earning growth of 20.9% over the past 10 years. GuruFocus rated Hawkins Inc. the business predictability rank of 4-star.
Gross profit was $18.8 million, or 21.3% of sales, for the three months ended October 2, 2011, as compared to $17.7 million, or 25.2% of sales, for the three months ended September 30, 2010. The LIFO method of valuing inventory decreased gross profit by $0.1 million for the three months ended October 2, 2011 whereas it increased gross profit by $0.1 million for the three months ended September 30, 2010.
Sales increased $31.4 million, or 21.6%, to $176.5 million in the six months ended October 2, 2011 as compared to $145.1 million in the same period a year ago. Sales of bulk chemicals, including caustic soda, were approximately 21% of sales during the six months ended October 2, 2011 and 20% during the six months ended September 30, 2010. Vertex, which we acquired during the fourth quarter of fiscal 2011, contributed $21.6 million of the increase in sales during the six months ended October 2, 2011. We experienced increased sales across the majority of our product lines, which was partially offset by lower bulk chemical sales volumes in the six months ended October 2, 2011 as compared to the six months ended September 30, 2010.
Gross profit was $36.7 million, or 20.8% of sales, for the six months ended October 2, 2011, as compared to $36.2 million, or 24.9% of sales, for the six months ended September 30, 2010. The LIFO method of valuing inventory decreased gross profit by $0.4 million for the six months ended October 2, 2011, and decreased gross profit by $0.7 million for the six months ended September 30, 2010 due to projected increases in raw material costs in both fiscal years 2012 and 2011.
Industrial Segment. Gross profit for the Industrial segment was $21.6 million, or 17.3% of sales, for the six months ended October 2, 2011, as compared to $19.9 million, or 21.0% of sales, for the six months ended September 30, 2010. The increase in gross profit dollars resulted from the addition of the Vertex business to this segment, offset by pricing pressure. The LIFO method of valuing inventory decreased gross profit in this segment by $0.3 million for the six months ended October 2, 2011 and by $0.6 million for the six months ended September 30, 2010.
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Hawkins Inc. has a market cap of $401.2 million; its shares were traded at around $38.7 with a P/E ratio of 19.7 and P/S ratio of 1.3. The dividend yield of Hawkins Inc. stocks is 1.6%. Hawkins Inc. had an annual average earning growth of 20.9% over the past 10 years. GuruFocus rated Hawkins Inc. the business predictability rank of 4-star.
Highlight of Business Operations:
Sales increased $17.5 million, or 24.9%, to $87.9 million in the three months ended October 2, 2011 as compared to $70.4 million in the three months ended September 30, 2010. Sales of bulk chemicals, including caustic soda, were approximately 21% of sales during the three months ended October 2, 2011 and September 30, 2010. Vertex, which we acquired during the fourth quarter of fiscal 2011, contributed $10.5 million of the increase in sales during the second quarter of fiscal 2012. We experienced increased sales across the majority of our product lines in the second quarter of fiscal 2012 as compared to the same period in fiscal 2011.Gross profit was $18.8 million, or 21.3% of sales, for the three months ended October 2, 2011, as compared to $17.7 million, or 25.2% of sales, for the three months ended September 30, 2010. The LIFO method of valuing inventory decreased gross profit by $0.1 million for the three months ended October 2, 2011 whereas it increased gross profit by $0.1 million for the three months ended September 30, 2010.
Sales increased $31.4 million, or 21.6%, to $176.5 million in the six months ended October 2, 2011 as compared to $145.1 million in the same period a year ago. Sales of bulk chemicals, including caustic soda, were approximately 21% of sales during the six months ended October 2, 2011 and 20% during the six months ended September 30, 2010. Vertex, which we acquired during the fourth quarter of fiscal 2011, contributed $21.6 million of the increase in sales during the six months ended October 2, 2011. We experienced increased sales across the majority of our product lines, which was partially offset by lower bulk chemical sales volumes in the six months ended October 2, 2011 as compared to the six months ended September 30, 2010.
Gross profit was $36.7 million, or 20.8% of sales, for the six months ended October 2, 2011, as compared to $36.2 million, or 24.9% of sales, for the six months ended September 30, 2010. The LIFO method of valuing inventory decreased gross profit by $0.4 million for the six months ended October 2, 2011, and decreased gross profit by $0.7 million for the six months ended September 30, 2010 due to projected increases in raw material costs in both fiscal years 2012 and 2011.
Industrial Segment. Gross profit for the Industrial segment was $21.6 million, or 17.3% of sales, for the six months ended October 2, 2011, as compared to $19.9 million, or 21.0% of sales, for the six months ended September 30, 2010. The increase in gross profit dollars resulted from the addition of the Vertex business to this segment, offset by pricing pressure. The LIFO method of valuing inventory decreased gross profit in this segment by $0.3 million for the six months ended October 2, 2011 and by $0.6 million for the six months ended September 30, 2010.
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