Shares of Hawkins, Inc. (NASDAQ: HWKN), a leading specialty chemical and ingredients company, plummeted 5.03% on October 30, 2024, following the release of the company's fiscal second-quarter results for 2025. The stock decline can be attributed to Hawkins' lower-than-expected earnings and revenue performance during the quarter.
For the three months ended September 29, 2024, Hawkins reported earnings of $1.16 per share, falling short of the consensus estimate of $1.18 per share. The company's revenue also missed expectations, coming in at $247 million compared to analysts' projections of $259.6 million.
Despite the missed estimates, Hawkins saw growth in its Water Treatment segment, with sales increasing 23% year-over-year to $124.5 million. However, this was offset by declines in the Industrial and Health and Nutrition segments, where sales fell by 9% and 12%, respectively, due to lower selling prices and reduced demand for certain products.
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