Hawkins (NASDAQ:HWKN) reported record operating cash flow for fiscal 2026, supporting acquisitions, capital investments and shareholder dividends, President and Chief Executive Officer Patrick Hawkins said during the company’s virtual annual meeting.
Hawkins said the company used its operating cash flow during the fiscal year to fund $167 million in acquisitions, invest $58 million in capital needs and pay $16 million in dividends. He said the company’s financial condition remains “very strong.”
Operations and Distribution Network
During fiscal 2026, Hawkins moved nearly 2.5 billion pounds of products. The chemicals sold by the company treated an estimated 7 trillion gallons of water through customer uses, according to Hawkins.
The company operates 66 physical locations across 28 states, serves customers in 48 states and maintains a fleet of more than 400 delivery trucks. Hawkins said the company employs nearly 1,200 people nationwide.
Patrick Hawkins credited the company’s employees for helping maintain product and service standards while meeting customer demand. He also noted that Hawkins again received Fortune’s designation as one of the best workplaces for manufacturing and production.
Investment Priorities
Looking ahead, Hawkins said the company intends to maintain a long-term approach to spending and investment. While it will remain prudent with capital expenditures and investments, the company expects to continue expanding its Water Treatment Group branch network and making capital investments intended to support higher-margin business.
Hawkins also reiterated the company’s commitment to operating as a responsible supplier, including producing and distributing products that help support environmental cleanliness, investing in communities and treating employees fairly and ethically.
Shareholder Votes
Shareholders approved all three proposals presented at the annual meeting, according to the preliminary report from the Inspector of Election.
- All eight director nominees were elected to serve until the next annual meeting of shareholders or until their successors are elected.
- Shareholders ratified the appointment of Deloitte & Touche LLP as Hawkins’ independent registered public accounting firm.
- Shareholders approved, on an advisory and non-binding basis, executive compensation as disclosed in the company’s proxy statement.
The elected directors are Patrick Hawkins, Jim Faulconbridge, Mary Schumacher, Jeff Spethmann, Dan Stauber, Faith Tang, Jim Thompson and Jeff Wright.
About Hawkins (NASDAQ:HWKN)
Hawkins, Inc (NASDAQ: HWKN) is a specialty chemical company that produces and distributes water-treatment and industrial chemicals across North America. Founded in 1938 and headquartered in Roseville, Minnesota, the company has built a network of manufacturing facilities and distribution centers that serve municipal, industrial and commercial customers. As a publicly traded entity, Hawkins leverages its long-standing presence in the chemical distribution industry to provide tailored solutions for complex water-treatment challenges and specialty chemical needs.
Hawkins’ product portfolio encompasses a wide range of chemicals, including sodium hypochlorite, sodium hydroxide, hydrogen peroxide, chlorine, acids and specialty blends.
