Hawkins Inc
hawkinsinc.comWhat Do They Do?
Manufactures, blends and repackages chemicals for water-treatment operators and industrial businesses, and supplies ingredients to food, nutrition and pharmaceutical manufacturers.
10-K for FY2026, filed May 13, 2026Water Treatment Segment. Our Water Treatment Group specializes in providing chemicals, filtration media and systems, equipment, services…View ↗
Food and Health Sciences Segment. Our Food and Health Sciences Group specializes in processing and formulation solutions as well as…View ↗
Industrial Solutions Segment. Our Industrial Solutions Group specializes in providing industrial chemicals, products and services to…View ↗
How Do They Make Money?
Most customers buy products in short-term arrangements, with sales taking place when the products pass to them; Water Treatment construction and engineering jobs earn money over the course of the work.
10-K for FY2026, filed May 13, 2026Revenue Recognition - Revenue is measured as the amount of consideration we expect to receive in exchange for transferring products.…View ↗
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10-K for FY2026, filed May 13, 2026
FY2026 revenue by product or service ↗
$1.1B
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10-K for FY2026, filed May 13, 2026
$1.1B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Manufactured, blended or repackaged products
Sold outright
10-K for FY2026, filed May 13, 2026 |
61%
FY2023: 75%
|
Manufactured, blended or repackaged products, FY2026
$656.3M Sources
|
Sold outright |
|
Bulk products
Sold outright
|
8.9%
FY2023: 11%
|
Bulk products, FY2026
$96.2M Sources
|
Sold outright |
|
Nutrition
Sold outright
10-K for FY2026, filed May 13, 2026 |
13% |
Nutrition, FY2026
$138M Sources
|
Sold outright |
|
Food
Sold outright
|
9.2% |
Food, FY2026
$99.3M Sources
|
Sold outright |
|
Pharmaceutical
Sold outright
|
2.6% |
Pharmaceutical, FY2026
$27.9M Sources
|
Sold outright |
|
Agricultural
Sold outright
|
4.9% |
Agricultural, FY2026
$52.6M Sources
|
Sold outright |
|
Other
Sold outright
|
1.3%
FY2023: 1.8%
|
Other, FY2026
$13.5M Sources
|
Sold outright |
Who Are Their Customers?
Municipal and industrial water users receive chemicals, equipment and services through employee-operated delivery routes. Food, nutrition, pharmaceutical and agricultural manufacturers, along with industrial customers, work directly with trained sales staff.
10-K for FY2026, filed May 13, 2026This group utilizes delivery routes operated by our employees who typically serve as route driver, salesperson and trained technician to…View ↗
The Food and Health Sciences Group relies on a specially trained sales staff that works directly with customers on their specific needs.…View ↗
Industrial Solutions Segment. Our Industrial Solutions Group specializes in providing industrial chemicals, products and services to…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 8 cents of every revenue dollar as net income in FY2026 and turned 8 cents into free cash flow.
10-K for FY2026, filed May 13, 2026
$121.3MView ↗
10-K for FY2026, filed May 13, 2026
$81.5MView ↗
10-K for FY2026, filed May 13, 2026
$86.1MView ↗
How Are They Changing?
Growing. Revenue grew 40% in 4 years, from $774.5M in FY2022 to $1.1B in FY2026, about 9% a year.
Toward specialty ingredients
The newer report describes an evolution from bulk-chemical distribution toward specialty ingredients. The older report detailed bulk chemical distribution in Industrial alongside a separate Health and Nutrition ingredient business; the newer report describes Food and Health Sciences serving nutrition, food, pharmaceutical and agricultural manufacturers.
10-K for FY2023, filed May 17, 2023 10-K for FY2026, filed May 13, 2026
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