hawkins inc (HWKN) Snapshot

Hawkins Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended March 31, 2013. For the quarter, the company reported sales of $87.601 million compared to $83.210 million a year ago. Operating income was $6.000 million compared to $5.617 million a year ago. Income from continuing operations before income taxes was $5.985 million compared to $5.643 million a year ago. Income from continuing operations was $4.165 million or $0.39 per diluted share compared to $3.273 million or $0.32 per diluted share a year ago. Net income was $4.165 million or $0.39 per diluted share compared to $3.505 million or $0.34 per diluted share a year ago. A decrease in LIFO inventory reserve of $0.6 million increased earnings in the current quarter, while an increase in LIFO reserve of $1.8 million decreased earnings in the same period of the previous year. For the year, the company reported sales of $350.387 million compared to $343.834 million a year ago. Operating income was $3525.330 million compared to $35.109 million a year ago. Income from continuing operations before income taxes was $25.414 million compared to $35.254 million a year ago. Income from continuing operations was $17.108 million or $1.64 per diluted share compared to $21.628 million or $2.09 per diluted share a year ago. Net income was $17.126 million or $1.62 per diluted share compared to $22.685 million or $2.18 per diluted share a year ago.

Hawkins Inc., Board Meeting, Jan 31, 2013. Agenda: To declare a semi-annual cash dividend.

The Board of Directors of Hawkins Inc. at its meeting on January 31, 2013, declared a semi-annual cash dividend of $0.34 per share payable April 5, 2013, to shareholders of record at the close of business on March 22, 2013.