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Hawkins (HWKN) Q4 FY2024 earnings: revenue $223 million, down 2.2% on the year

Hawkins Inc. (HWKN) reported revenue of $223 million for Q4 FY2024, the quarter ended 31 March 2024, down 2.2% on the same quarter a year earlier. Net income was $14 million, up 19.1% on the year, and diluted earnings per share $0.66. The figures are the company's own, from the 10-K it filed with the SEC on 15 May 2024.

Revenue$223 milliondown 2.2%
Net income$14 millionup 19.1%
Diluted EPS$0.66
QuarterQ4 FY2024ended 31 March 2024

The quarter, against the one before and a year earlier

LineQ4 FY2024Q3 FY2024A year earlierChange on the year
Revenue223208n/an/a
Cost of revenue178166n/an/a
Gross profit45.542.2n/an/a
Gross margin20.4%20.3%n/a
Selling, general and administrative25.423.8n/an/a
Operating income20.118.5n/an/a
Operating margin9.0%8.9%n/a
Income tax5.53.3n/an/a
Net income13.814.9n/an/a
Net margin6.2%7.1%n/a
Diluted EPS$0.66$0.71n/an/a
$ million except per share.
Read moreFourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

LineQ4 FY2024Q3 FY2024A year earlierChange on the year
Operating cash flow41.925.0n/an/a
Capital expenditure11.911.3n/an/a
Free cash flow30.013.7n/an/a
Free cash flow margin13.4%6.5%n/a
Cash from investing-16.1-86.4n/an/a
Cash from financing-24.456.2n/an/a
Depreciation and amortisation9.08.3n/an/a
Share-based compensation1.41.3n/an/a
Dividends paid3.43.4n/an/a
Dividend per sharen/a$0.16n/an/a
Diluted shares, weighted21m21mn/an/a
Shares outstanding at period end21m21mn/an/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

LineQ4 FY2024Q3 FY2024A year earlierChange on the year
Shareholders' equity406394n/an/a
Debt99.0120n/an/a
Operating lease liabilities9.511.1n/an/a
Other liabilities143119n/an/a
Total liabilities and equity658644n/an/a
Fixed assets209203n/an/a
Goodwill103101n/an/a
Intangible assets117117n/an/a
Cash and equivalents7.25.7n/an/a
Receivables114113n/an/a
Inventory74.668.8n/an/a
Other assets32.834.8n/an/a
Total assets658644n/an/a

Questions

What was Hawkins' revenue in Q4 FY2024?

Hawkins (HWKN) reported revenue of $223 million for Q4 FY2024, the quarter ended 31 March 2024, down 2.2% on the same quarter a year earlier.

How much did Hawkins earn in Q4 FY2024?

Net income for Q4 FY2024 was $14 million, up 19.1% on the year, and diluted earnings per share $0.66.

When did Hawkins report Q4 FY2024 results?

Hawkins filed its 10-K for the year that ended with the quarter on 15 May 2024; the fourth quarter is the year less the first three.

Quarterly results, the last 12 quarters

Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026Q4 FY2026 *Q1 FY2027
Revenue237208223256247226245293280244266316
Cost of revenue183166178191187178193221213193212242
Gross profit53.942.245.564.760.248.452.272.467.650.854.274.0
Gross margin23%20%20%25%24%21%21%25%24%21%20%23%
SG&A20.923.825.424.926.527.427.731.033.728.330.835.3
Operating income33.018.520.139.833.721.124.641.333.922.623.538.7
Operating margin14%9%9%16%14%9%10%14%12%9%9%12%
Net income23.214.913.828.924.115.016.329.222.614.315.528.3
Net margin10%7%6%11%10%7%7%10%8%6%6%9%
Diluted EPS$1.10$0.71$0.66$1.38$1.16$0.72$0.78$1.40$1.08$0.69$0.74$1.35
Operating cash flow57.825.041.917.641.621.030.831.539.535.637.735.2
Capital expenditure9.011.311.910.610.68.711.113.510.814.319.611.6
Free cash flow48.713.730.06.931.012.319.817.928.721.218.223.5
Buybacksn/an/an/a9.1n/an/an/an/an/an/an/an/a
Dividends paid3.43.43.43.43.83.83.83.84.04.04.04.0
Shares outstanding21m21m21m21m21m21m21m21m21m21m21m21m
Filing10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-K for the period ended 31 March 2024, filed 15 May 2024, accession 0000046250-24-000013: the filing on EDGAR. All of Hawkins Inc.'s filings: EDGAR company page.

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