HAWKINS INC
For the period ended Jun 29, 2025. Filed Jul 30, 2025.
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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 29, 2025 · Filed Jul 30, 2025
HWKN$153.00-1.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows – Three Months Ended
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
(In thousands)
| Three Months Ended | ||
|---|---|---|
| June 29,2025 | June 30,2024 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net income | $29,175 | $28,879 |
| Reconciliation to cash flows: | ||
| Depreciation and amortization | 12,291 | 9,329 |
| Change in fair value of earnout liabilities | (1,583) | 342 |
| Operating leases | 923 | 782 |
| Gain on deferred compensation assets | (942) | (159) |
| Stock compensation expense | 2,212 | 1,467 |
| Other | (25) | (65) |
| Changes in operating accounts providing (using) cash: | ||
| Trade receivables | (2,651) | (10,576) |
| Inventories | (8,487) | (6,037) |
| Accounts payable | (3,812) | (7,300) |
| Accrued liabilities | (6,735) | (8,949) |
| Lease liabilities | (973) | (834) |
| Income taxes | 9,831 | 9,808 |
| Other | 2,266 | 899 |
| Net cash provided by operating activities | 31,490 | 17,586 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Purchases of property, plant, and equipment | (13,544) | (10,649) |
| Acquisitions | (151,328) | (25,400) |
| Other | 327 | 245 |
| Net cash used in investing activities | (164,545) | (35,804) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Cash dividends declared and paid | (3,754) | (3,358) |
| Payroll taxes paid in exchange for shares withheld | (3,028) | (2,541) |
| Shares repurchased | — | (9,149) |
| Payments on revolving loan | (10,000) | (10,000) |
| Payments for debt issuance costs | (764) | — |
| Proceeds from revolving loan borrowings | 160,000 | 45,000 |
| Net cash provided by financing activities | 142,454 | 19,952 |
| NET INCREASE IN CASH AND CASH EQUIVALENTS | 9,399 | 1,734 |
| CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | 5,103 | 7,153 |
| CASH AND CASH EQUIVALENTS, END OF PERIOD | $14,502 | $8,887 |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION | ||
| Cash paid for interest | $3,286 | $1,347 |
| Noncash investing activities - capital expenditures in accounts payable | $1,493 | $1,015 |
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