HWKN FY 2012 Earnings Report — Hawkins, Inc. Revenue & Financial Results | Market Cap Arena

Hawkins, Inc.HWKN

FY 2012 Earnings

Reported June 1, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$344M	—	$298M	—	15.5%
Op. Income	$35M	—	$32M	—	9.8%
Gross Margin	19.2%	—	20.8%	—	-1.6pp
Net Margin	6.6%	—	6.8%	—	-0.2pp
EPS (Diluted)	$1.09	—	$0.98	—	11.2%
Free Cash Flow	$14M	—	$16M	—	-15.4%

Revenue Flow

Item	Amount
REVENUE	$344M
Cost of Revenue	$278M
GROSS PROFIT	$66M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$31M
Other Expenses	$0
Operating Expenses	$31M
Cost & Expenses	$309M
OPERATING INCOME	$35M
Interest Income	$145.0K
Interest Expense	$0
Other Income/Expenses	$145.0K
INCOME BEFORE TAX	$35M
Income Tax Expense	$14M
Net Income from Continuing Ops	$22M
Net Income from Discontinued Ops	$1M
Other Adjustments	$0
NET INCOME	$23M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$23M
D&A	$8M
EBIT	$35M
EBITDA	$44M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$344M
Cost of Revenue	$278M
GROSS PROFIT	$66M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$31M
Other Expenses	$0
Operating Expenses	$31M
Cost & Expenses	$309M
OPERATING INCOME	$35M
Interest Income	$145.0K
Interest Expense	$0
Other Income/Expenses	$145.0K
INCOME BEFORE TAX	$35M
Income Tax Expense	$14M
Net Income from Continuing Ops	$22M
Net Income from Discontinued Ops	$1M
Other Adjustments	$0
NET INCOME	$23M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$23M
D&A	$8M
EBIT	$35M
EBITDA	$44M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$23M
Depreciation & Amortization	$8M
Stock-Based Compensation	$1M
Deferred Income Tax	$3M
Other Non-Cash Items	$2.0K
Change in Working Capital	-$2M
OPERATING CASH FLOW	$34M
Capital Expenditure	-$20M
Acquisitions (Net)	-$2M
Purchases of Investments	-$14M
Sales/Maturities of Investments	$15M
Other Investing Activities	$510.0K
NET CASH FROM INVESTING	-$20M
Net Debt Issuance	$0
Common Stock Repurchased	-$150.0K
Common Dividends Paid	-$6M
Other Financing Activities	$2M
NET CASH FROM FINANCING	-$4M
FREE CASH FLOW	$14M
Net Change in Cash	$10M

Balance Sheet

Item	Amount
Cash & Equivalents	$29M
Short-Term Investments	$12M
Net Receivables	$41M
Inventory	$28M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$111M
PP&E (Net)	$73M
Goodwill	$6M
Intangible Assets	$8M
Long-Term Investments	$5M
Tax Assets	$0
Other Non-Current Assets	$141.0K
TOTAL NON-CURRENT ASSETS	$93M
TOTAL ASSETS	$204M
Account Payables	$19M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$6M
TOTAL CURRENT LIABILITIES	$36M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$10M
Other Non-Current Liabilities	$763.0K
TOTAL NON-CURRENT LIABILITIES	$11M
TOTAL LIABILITIES	$47M
Common Stock	$522.0K
Additional Paid-In Capital	$45M
Retained Earnings	$111M
Treasury Stock	$0
Accum. Other Comp. Income	-$123.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$157M
Minority Interest	$0
TOTAL EQUITY	$157M
TOTAL LIABILITIES & EQUITY	$204M
Total Debt	$0
Net Debt	-$29M