- Hawkins, Inc. has acquired Intercoastal Trading, expanding its water treatment business on the East Coast. - The acquisition is expected to be accretive to earnings this fiscal year. - Hawkins anticipates continued top and bottom-line growth in fiscal 2025. Price Impact Rating: Bullish Impact Horizon Rating: Short-term Type: Corporate Developments
- HWKN reported earnings of 66 cents per share, missing the Zacks Estimate. - Revenues were $223 million, beating the Zacks Estimate but down 2% YoY. - Industrial segment sales declined 18%, while Water Treatment segment sales increased 21%. - HWKN expects continued growth in fiscal 2025 with top line approaching $1 billion. - Shares of HWKN gained 77.9% in a year compared to the industry's decline of 10%. Price Impact Rating: Bearish Impact Horizon Rating: Long-term Type: Earnings