Hawkins, Inc. reported second‑quarter fiscal 2026 revenue of $280.4 million, a 14% year‑over‑year increase from $247.0 million, and net income of $22.6 million, or $1.08 per diluted share, compared with $24.1 million and $1.16 in the same quarter a year earlier. Revenue was slightly below consensus estimates of $284.42 million to $290.1 million, and earnings per share missed the consensus estimate of $1.24 (or $1.20) by $0.16.
The Water Treatment segment generated $150.9 million in sales, up 21% from $124.5 million, and achieved a gross profit of $43.3 million, a 20% increase to 29% of sales. Industrial Solutions sales rose 11% to $56.6 million, with gross profit of $8.9 million, a 9% increase to 16% of sales. Food & Health Sciences sales grew 2% to $72.9 million, but gross profit fell 4% to $15.5 million, or 21% of sales, due to lower selling prices amid competitive pressure.
Gross profit for the quarter climbed 12% to $67.6 million, up from $60.2 million a year earlier, and adjusted EBITDA increased 9% to $50.4 million from $46.3 million. Hawkins repaid $20 million on its revolving credit facility, reducing total debt to $279.0 million and raising the trailing 12‑month pro‑forma adjusted EBITDA leverage ratio to 1.53× from 0.86×.
The company completed the WaterSurplus acquisition in the first quarter of fiscal 2026. Integration costs are expected to add $17 million of annualized expense in 2026, offsetting some earnings growth, but management expects the acquisition to become accretive in fiscal 2027 and to unlock high‑margin sales opportunities.
Hawkins declared a regular quarterly cash dividend of $0.19 per share, payable November 28 2025, underscoring its commitment to shareholder returns.
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