Group 1: Hawkins (HWKN) - Hawkins distributes, blends, and manufactures bulk and specialty chemicals and health and nutrition products across various industries [1] - The company has a Zacks Rank of 1 (Strong Buy) and a 12.8% increase in the Zacks Consensus Estimate for current year earnings over the last 60 days [1] - Hawkins' shares gained 46.4% over the last three months, significantly outperforming the S&P 500's gain of 0.1% [2] - The company possesses a Momentum Score of A [2] Group 2: Pilgrim's Pride (PPC) - Pilgrim's Pride is engaged in processing, production, marketing, and distribution of frozen, fresh, and value-added chicken products [2] - The company has a Zacks Rank of 1 and a 27.1% increase in the Zacks Consensus Estimate for current year earnings over the last 60 days [2] - Pilgrim's Pride's shares gained 18.4% over the last three months, also outperforming the S&P 500's gain of 0.1% [3] - The company possesses a Momentum Score of A [3] Group 3: LeMaitre Vascular (LMAT) - LeMaitre Vascular provides devices, implants, and services for treating peripheral vascular disease, a condition affecting people worldwide [3] - The company has a Zacks Rank of 1 and a 4.5% increase in the Zacks Consensus Estimate for current year earnings over the last 60 days [3] - LeMaitre Vascular's shares gained 6.1% over the last three months, again outperforming the S&P 500's gain of 0.1% [4] - The company possesses a Momentum Score of A [4]

Core Insights - Hawkins (HWKN) reported quarterly earnings of $1.38 per share, exceeding the Zacks Consensus Estimate of $1.01 per share, and showing an increase from $1.12 per share a year ago, resulting in an earnings surprise of 36.63% [1] - The company achieved revenues of $255.88 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 0.62% and up from $251.12 million year-over-year [2] - Hawkins shares have increased approximately 46.5% year-to-date, significantly outperforming the S&P 500's gain of 14% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.06 on revenues of $260.08 million, while for the current fiscal year, the estimate is $3.67 on revenues of $989.1 million [7] - The estimate revisions trend for Hawkins is mixed, leading to a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Chemical - Specialty industry, to which Hawkins belongs, is currently ranked in the top 30% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

ROSEVILLE, Minn., July 31, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Hawkins, Inc. (Nasdaq: HWKN), at its meeting on July 31, 2024, increased its quarterly cash dividend by 13% to $0.18 per share, payable August 30, 2024, to shareholders of record at the close of business on August 16, 2024. Hawkins has consistently paid out a dividend since 1985. About Hawkins, Inc. Hawkins, Inc. was founded in 1938 and is a leading specialty chemical and ingredients company that formulates, distributes, blends, a ...

About Hawkins, Inc. Hawkins, Inc. was founded in 1938 and is a leading specialty chemical and ingredients company that formulates, distributes, blends, and manufactures products for its Industrial, Water Treatment, and Health & Nutrition customers. Headquartered in Roseville, Minnesota, the Company has 60 facilities in 27 states and creates value for its customers through superb customer service and support, quality products and personalized applications. Hawkins, Inc. generated $919 million of revenue in f ...

About Hawkins, Inc. Hawkins, Inc. was founded in 1938 and is a leading specialty chemical and ingredients company that formulates, distributes, blends, and manufactures products for its Industrial, Water Treatment, and Health & Nutrition customers. Headquartered in Roseville, Minnesota, the Company has 60 facilities in 27 states and creates value for its customers through superb customer service and support, quality products and personalized applications. Hawkins, Inc. generated $919 million of revenue in f ...

ROSEVILLE, Minn., July 15, 2024 (GLOBE NEWSWIRE) -- Hawkins, Inc. (Nasdaq: HWKN), announced today that it has again been certified as a Great Place to Work. Great Place to Work is an independent research and consulting firm, and its certification process considers more than 60 elements of overall job experience. Great Place to Work is the global authority on workplace culture, employee experience, and the leadership behaviors proven to deliver market-leading revenue and increased innovation. This certificat ...

ROSEVILLE, Minn., July 15, 2024 (GLOBE NEWSWIRE) -- Hawkins, Inc. (NASDAQ:HWKN), announced today that it has again been certified as a Great Place to Work. Great Place to Work is the global authority on workplace culture, employee experience, and the leadership behaviors proven to deliver market-leading revenue and increased innovation. This certification is the only recognition based entirely on what employees report about their workplace experience – specifically, how consistently they experience a high-t ...

Investment Thesis 6.00 5.00 More Value 4.27 4.00 3.00 Less Value 2.06 2.00 2.00 1.33 1.11 1.08 1.00 0.00 Why HWKN is a high-quality business · HWKN is earning more on the growth + legacy capital that's been put into the business + invested since FY'21 - ROICs are +350bps to 15.5% in FY'24 as 1) NOPAT margins have expanded ~120bps, and 2) capital turns remained at ~1.7x. Specifically, its FY 23-24 acquisitions - EcoTech, Water Solutions Unlimited, Miami Products & Chemical + Industrial Research Corp - have a ...

Group 1: Acquisition and Strategic Expansion - The acquisition of Wofford Water Service enhances Hawkins' presence in the southern U.S., particularly in Mississippi, where its Water Treatment business has been limited [1] - This strategic move aligns with Hawkins' efforts to expand its water treatment division and accelerate growth in the southern market [1] - Hawkins aims to maintain the strong community ties established by Wofford Water Service [1] Group 2: Financial Performance - Hawkins reported earnings of 66 cents per share for Q4 fiscal 2024, an increase from 55 cents in the previous year, but below the Zacks Consensus Estimate of 68 cents [3] - The company generated revenues of $223 million in the same quarter, a 2% year-over-year decline, yet exceeding the Zacks Consensus Estimate of $217.5 million [3] - The decline in the Industrial segment offset higher sales in the Water Treatment unit [3] Group 3: Future Outlook - Hawkins anticipates consistent top- and bottom-line growth in fiscal 2025, with revenues approaching $1 billion [4] - The Water Treatment segment is expected to become the largest reporting unit for the company [4] - While the company is cautiously optimistic about the Industrial segment, it acknowledges ongoing economic and competitive pressures affecting customer demand [4] Group 4: Stock Performance - Hawkins' stock has surged 96.1% over the past year, contrasting with a 13.6% decline in the industry [2]

About Hawkins, Inc. Mr. Hawkins continued, "Wofford Water Service has built a strong business that is well-connected with the local community, and we intend to maintain those connections. I would like to welcome the Wofford Water Service team to the Hawkins organization and look forward to our continued growth together." ROSEVILLE, Minn., July 01, 2024 (GLOBE NEWSWIRE) -- Hawkins, Inc. (Nasdaq: HWKN), a leading specialty chemical and ingredients company, has completed the acquisition of Wofford Water Servic ...