Hawkins (NASDAQ:HWKN), a leading specialty chemical and ingredients company, has announced its financial outcomes for the fourth quarter and the entire fiscal year ending March 31, 2024.

The results highlighted a mixed performance across different segments.

For the fourth quarter, Hawkins reported a slight downturn in overall sales, decreasing by 2% to reach $223 million.

However, the Water Treatment sector saw a robust increase, with sales growing by 21%.

Over the full fiscal year, total sales dipped by 2% to $919.2 million.

Despite this, the Water Treatment segment continued to excel, registering a 19% increase in sales.

Meanwhile, the company achieved record levels of gross profit, operating income, and diluted earnings per share (EPS) for both the quarter and the year.

Notably, the EPS for the fiscal year surged by 26% to $3.59, compared to the previous year.

Looking forward to fiscal 2025, Hawkins anticipates top-line revenue to approach $1 billion, driven by significant contributions from the thriving Water Treatment segment.