HAWKINS INC
For the period ended Jun 30, 2024. Filed Jul 31, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Jul 31, 2024
HWKN$153.00-1.1%Stored close · as of Nov 10, 2026
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Condensed Consolidated Balance Sheets – June 30, 2024 and March
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)
(In thousands, except share data)
| June 30,2024 | March 31,2024 | |
|---|---|---|
| ASSETS | ||
| CURRENT ASSETS: | ||
| Cash and cash equivalents | $8,887 | $7,153 |
| Trade accounts receivables, net | 126,398 | 114,477 |
| Inventories | 81,199 | 74,600 |
| Prepaid expenses and other current assets | 5,503 | 6,596 |
| Total current assets | 221,987 | 202,826 |
| PROPERTY, PLANT, AND EQUIPMENT: | 396,244 | 386,648 |
| Less accumulated depreciation | 182,604 | 177,774 |
| Net property, plant, and equipment | 213,640 | 208,874 |
| OTHER ASSETS: | ||
| Right-of-use assets | 12,157 | 11,713 |
| Goodwill | 114,046 | 103,399 |
| Intangible assets, net of accumulated amortization | 124,563 | 116,626 |
| Deferred compensation plan asset | 11,365 | 9,584 |
| Other | 4,980 | 4,912 |
| Total other assets | 267,111 | 246,234 |
| Total assets | $702,738 | $657,934 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| CURRENT LIABILITIES: | ||
| Accounts payable — trade | $47,795 | $56,387 |
| Accrued payroll and employee benefits | 12,501 | 19,532 |
| Income tax payable | 11,751 | 1,943 |
| Current portion of long-term debt | 9,913 | 9,913 |
| Environmental remediation | 7,700 | 7,700 |
| Other current liabilities | 8,332 | 7,832 |
| Total current liabilities | 97,992 | 103,307 |
| LONG-TERM DEBT, LESS CURRENT PORTION | 123,840 | 88,818 |
| LONG-TERM LEASE LIABILITY | 9,816 | 9,530 |
| PENSION WITHDRAWAL LIABILITY | 3,443 | 3,538 |
| DEFERRED INCOME TAXES | 22,367 | 22,406 |
| DEFERRED COMPENSATION LIABILITY | 12,244 | 11,764 |
| EARNOUT LIABILITY | 11,577 | 11,235 |
| OTHER LONG-TERM LIABILITIES | 241 | 1,310 |
| Total liabilities | 281,520 | 251,908 |
| COMMITMENTS AND CONTINGENCIES | ||
| SHAREHOLDERS’ EQUITY: | ||
| Common stock; authorized: 60,000,000 shares of $0.01 par value; 20,734,331 and 20,790,261 shares issued and outstanding as of June 30, 2024 and March 31, 2024, respectively | 207 | 208 |
| Additional paid-in capital | 27,932 | 38,154 |
| Retained earnings | 390,070 | 364,549 |
| Accumulated other comprehensive income | 3,009 | 3,115 |
| Total shareholders’ equity | 421,218 | 406,026 |
| Total liabilities and shareholders’ equity | $702,738 | $657,934 |
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