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CIK 46250 · Water Infrastructure & Treatment Equipment
N/A
Market data as of N/A
Financials: LTM / latest available company filings
Sources: FMP, HWKN filings, SEC EDGAR
$3,494
Market cap ($MM)
$3,764
Enterprise value ($MM)
$1,063
Revenue · LTM ($MM)
$173
EBITDA · LTM ($MM)
16%
EBITDA margin
3.5x
EV / revenue
21.7x
EV / EBITDA
1.4x
Net debt / EBITDA
Coverage
The analytical read on the name and the balance-sheet capacity behind the program.
Key points
Balance sheet & capacity
Indicative capacity read: 1.4x net debt / EBITDA with EBITDA of $173MM.
$4
Cash & equiv. ($MM)
$244
Total debt ($MM)
$240
Net debt ($MM)
1.4x
Net debt / EBITDA
Valuation
HWKN versus the scaled public Water Infrastructure & Treatment Equipment comparables.
Indexed share-price performance
HWKN versus available Water Infrastructure & Treatment Equipment peers and SPY.
+361%
HWKN
N/A
Peer med.
+79%
SPY
Indexed to 100 from May 28, 2021 through May 26, 2026. Source: FMP month-end close history.
| Company | Ticker | Revenue ($MM) | EBITDA ($MM) | Margin | Market cap ($MM) | EV ($MM) | EV / rev | EV / EBITDA | Net debt / EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| Hawkins, Inc. | HWKN | $1,063 | $173 | 16% | $3,494 | $3,764 | 3.5x | 21.7x | 1.4x |
Financials via Financial Modeling Prep (SEC-derived TTM). EV/EBITDA distribution: each dot a live peer, band = interquartile range, line = median. Impossible values (EBITDA > revenue, negative-EBITDA multiples) shown NM.
M&A program
HWKN's disclosed acquisition footprint and the deals behind it.
Disclosed acquisitions
64
Active years
9
Named deals
10
Avg / active year
7.1
Acq. cash outflow ($MM)
N/A
Banker read
Annual acquisitions + disclosed spend
HWKN count bars show acquisition cadence; the spend line shows when the program required larger capital deployment.
Program diagnostics
Recent / prior
12 / 5
Last three years is up 140% vs prior three.
Peak count year
FY22
4 disclosed acquisitions in the peak visible year.
Recent spend
$200MM
is broadly steady vs prior three; peak FY16 at $159MM.
Named evidence
10 rows
16% selected source-cited transaction coverage.
Selected transactions
| Date | Target | Segment | Consideration ($MM) | Strategic rationale | Source |
|---|---|---|---|---|---|
| Dec 23, 2015 | Stauber Performance Ingredients | Water infrastructure, treatment, and equipment | $158 | Acquisition of Stauber Performance Ingredients: On December 23, 2015, we acquired Stauber for $157.0 million on a cash-free, debt-free basis subject to a customary working capit... | 10-K† |
| Dec 23, 2015 | Stauber Performance Ingredients | Water infrastructure, treatment, and equipment | $158 | On December 23, 2015, we acquired Stauber Performance Ingredients (“Stauber”) for $157.0 million on a cash-free, debt-free basis, subject to a customary working capital adjustme... | 10-K† |
| Oct 1, 2011 | Vertex Chemical Corporation | Water infrastructure, treatment, and equipment | $27 | In fiscal 2011, we completed the acquisition of substantially all of the assets of Vertex Chemical Corporation (“Vertex”), a manufacturer of sodium hypochlorite in the central M... | 10-K† |
| Sep 30, 2015 | The Dumont Company, Inc. | Water infrastructure, treatment, and equipment | $10 | In the third quarter of fiscal 2015, we acquired substantially all of the assets of The Dumont Company, Inc. (“Dumont”) under the terms of an asset purchase agreement with Dumon... | 10-K† |
| Oct 20, 2014 | The Dumont Company, Inc. | Water infrastructure, treatment, and equipment | $10 | Acquisition of The Dumont Company, Inc.: On October 20, 2014, we acquired substantially all of the assets of The Dumont Company, Inc. (“Dumont”) under the terms of an asset purc... | 10-K† |
| Oct 20, 2014 | The Dumont Company, Inc. | Water infrastructure, treatment, and equipment | $10 | On October 20, 2014, we acquired substantially all of the assets of The Dumont Company, Inc. (“Dumont”) under the terms of an asset purchase agreement with Dumont and its shareh... | 10-K† |
| Sep 18, 2015 | Davis Supply, Inc. | Water infrastructure, treatment, and equipment | $5 | Acquisition of Davis Supply, Inc.: On September 18, 2015, we acquired substantially all of the assets of Davis Supply, Inc. (“Davis”) under the terms of an asset purchase agreem... | 10-K† |
| Sep 18, 2015 | Davis Supply, Inc. | Water infrastructure, treatment, and equipment | $5 | On September 18, 2015, we acquired substantially all of the assets of Davis Supply, Inc. (“Davis”) under the terms of an asset purchase agreement with Davis and its shareholders... | 10-K† |
Acquisitions disclosed/extracted from SEC filings; not necessarily full M&A history. Disclosed acquisition cash outflow is cumulative "payments for acquisitions, net of cash acquired" from the 10-K cash-flow statements (a cash outflow, not deal value). Built on 16 SEC-backed facts across 5 cited filings.
Evidence
A collapsed investigation trail for the SEC filings behind the financials, annual M&A cadence, named transactions, and management language.
Annual 10-Ks
21
Named deal filings
5
Recent SEC filings
0
Evidence clips
6
| Fiscal year | Filing date | Form | Status | Count | Cash spend | Purchase consideration | Source |
|---|---|---|---|---|---|---|---|
| FY2024 | May 15, 2024 | Annual M&A 10-K | accepted | 4 | $83.5MM | $90.8MM | SEC filing |
| FY2023 | May 17, 2023 | Annual M&A 10-K | accepted | N/A | N/A | N/A | SEC filing |
| FY2022 | May 18, 2022 | Annual M&A 10-K | accepted | 4 | $21.5MM | $21.5MM | SEC filing |
| FY2021 | Jun 2, 2021 | Annual M&A 10-K | accepted | 3 | $51.0MM | $51.0MM | SEC filing |
| FY2020 | May 20, 2020 | Annual M&A 10-K | accepted | N/A | N/A | N/A | SEC filing |
| FY2019 | May 23, 2019 | Annual M&A 10-K | accepted | N/A | N/A | N/A | SEC filing |
| FY2018 | May 31, 2018 | Annual M&A 10-K | accepted | N/A | N/A | N/A | SEC filing |
| FY2017 | Jun 1, 2017 | Annual M&A 10-K | quarantined (2 warn, 1 issue) | 0 | $2.2MM | N/A | SEC filing |
| FY2016 | Jun 3, 2016 | Annual M&A 10-K | accepted | 2 | $159MM | $163MM | SEC filing |
| FY2015 | May 28, 2015 | Annual M&A 10-K | accepted | 1 | $10.1MM | $10.1MM | SEC filing |
| FY2014 | May 29, 2014 | Annual M&A 10-K | accepted | 1 | $2.4MM | $2.9MM | SEC filing |
| FY2013 | May 30, 2013 | Annual M&A 10-K | warning (1 warn) | N/A | $0.1MM | N/A | SEC filing |
| FY2012 | Jun 1, 2012 | Annual M&A 10-K | quarantined (1 issue) | 1 | $1.7MM | $27.2MM | SEC filing |
| FY2011 | Jun 9, 2011 | Annual M&A 10-K | accepted | 1 | $25.5MM | $27.2MM | SEC filing |
| FY2010 | Jun 4, 2010 | Annual M&A 10-K | accepted | N/A | N/A | N/A | SEC filing |
| FY2009 | Jun 5, 2009 | Annual M&A 10-K | accepted | N/A | N/A | N/A | SEC filing |
| FY2008 | Jun 13, 2008 | Annual M&A 10-K | warning (1 warn) | 1 | $6.0B | N/A | SEC filing |
| FY2007 | Jun 15, 2007 | Annual M&A 10-K | accepted | 1 | N/A | $6.0MM | SEC filing |
| FY2006 | Jun 16, 2006 | Annual M&A 10-K | accepted | N/A | N/A | N/A | SEC filing |
| FY2005 | Jul 1, 2005 | Annual M&A 10-K | accepted | 0 | N/A | N/A | SEC filing |
| FY2004 | Jun 10, 2004 | Annual M&A 10-K | quarantined (1 issue) | 0 | N/A | N/A | SEC filing |
| Filing date | Form | Targets / topics | Support | Source |
|---|---|---|---|---|
| May 31, 2018 | 10-K | Davis Supply, Inc. | Annual M&ANamed deals | SEC filing |
| Jun 1, 2017 | 10-K | Stauber Performance Ingredients; The Dumont Company, Inc. | Annual M&ANamed deals | SEC filing |
| Jun 3, 2016 | 10-K | Stauber Performance Ingredients; The Dumont Company, Inc.; Davis Supply, Inc.; Advance Chemical Solutions, Inc. | Annual M&ANamed deals | SEC filing |
| May 28, 2015 | 10-K | The Dumont Company, Inc. | Annual M&ANamed deals | SEC filing |
| May 30, 2013 | 10-K | Vertex Chemical Corporation | Annual M&ANamed deals | SEC filing |
Acquisition of Stauber Performance Ingredients
10-K - Jun 1, 2017
Acquisition of Stauber Performance Ingredients: On December 23, 2015, we acquired Stauber for $157.0 million on a cash-free, debt-free basis subject to a customary working capital adjustment. The t...
Stauber Performance Ingredients
10-K - Jun 3, 2016
On December 23, 2015, we acquired Stauber Performance Ingredients (“Stauber”) for $157.0 million on a cash-free, debt-free basis, subject to a customary working capital adjustment. The total consid...
Vertex Chemical Corporation acquisition
10-K - May 30, 2013
In fiscal 2011, we completed the acquisition of substantially all of the assets of Vertex Chemical Corporation (“Vertex”), a manufacturer of sodium hypochlorite in the central Midwest. In addition ...
The Dumont Company, Inc.
10-K - Jun 3, 2016
In the third quarter of fiscal 2015, we acquired substantially all of the assets of The Dumont Company, Inc. (“Dumont”) under the terms of an asset purchase agreement with Dumont and its shareholde...
Acquisition of The Dumont Company, Inc.
10-K - Jun 1, 2017
Acquisition of The Dumont Company, Inc.: On October 20, 2014, we acquired substantially all of the assets of The Dumont Company, Inc. (“Dumont”) under the terms of an asset purchase agreement with ...
The Dumont Company, Inc.
10-K - May 28, 2015
On October 20, 2014, we acquired substantially all of the assets of The Dumont Company, Inc. (“Dumont”) under the terms of an asset purchase agreement with Dumont and its shareholders. We paid $10....
Annual M&A counts and disclosed spend are extracted from SEC acquisition disclosures and cash-flow statements; named-deal rows carry direct filing links where the filing identifies the target or consideration.