Overview

* Hawkins Q2 fiscal 2026 revenue grows 14% yr/yr, missing analyst expectations

* Adjusted EBITDA for Q2 fiscal 2026 rises 9% yr/yr, missing analyst estimates

* Diluted EPS for Q2 fiscal 2026 decreases 7% due to acquisition-related costs

Outlook

* Hawkins expects Water Treatment and Industrial Solutions to grow in the second half of fiscal 2026

* Company anticipates Food and Health Sciences to be flat to down due to competitive pressures

* WaterSurplus acquisition expected to be accretive in fiscal 2027

Result Drivers

* WATER TREATMENT GROWTH - 21% increase in Water Treatment revenue driven by acquisitions and organic sales

* ACQUISITION IMPACT - EPS decreased due to $5 mln increase in amortization and interest expense from WaterSurplus acquisition

* HIGH-MARGIN STRATEGY - Record revenue and EBITDA attributed to investment in high-margin businesses

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Sales Miss $280.43 $283.50

mln mln (4

Analysts

)

Q2 EPS $1.08

Q2 Net $22.59

Income mln

Q2 Miss $50.36 $52.80

Adjusted mln mln (4

EBITDA Analysts

)

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the diversified chemicals peer group is "buy"

* Wall Street's median 12-month price target for Hawkins Inc ( HWKN ) is $184.00, about 10.2% above its October 28 closing price of $165.23

* The stock recently traded at 35 times the next 12-month earnings vs. a P/E of 32 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)