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Hawkins (HWKN) Earnings Lag Estimates in Q4, Revenues Beat
HWKNHawkins(HWKN) zacks.com·2024-05-16 13:15

Segment Highlights Industrial segment sales fell 18% year over year to 97.1millioninthereportedquarter.Salesinthesegmentwereaffectedbythedivestmentofthecompanysconsumerbleachpackagingbusiness,decreasedvolumesandlowersellingpricesoncertainproductsduetoreducedrawmaterialcostsandcompetitivepricingpressures.SalesfromtheWaterTreatmentsegmentclimbed2197.1 million in the reported quarter. Sales in the segment were affected by the divestment of the company's consumer bleach packaging business, decreased volumes and lower selling prices on certain products due to reduced raw material costs and competitive pricing pressures. Sales from the Water Treatment segment climbed 21% year over year to 86.7 million. Sales were driven by added sales from acquired businesses. Hawkins, Inc. (HWKN) ...