HWKNHAWKINS INC
Wholesale-Chemicals & Allied Products
- Revenue
- $1.1B
- 11% YoY
- Operating margin
- 11.2%
- 8.5% YoY
- EBITDA
- $174M
- 9.2% YoY
- Market cap
- $3.2B
- Employees
- 1,200
- $903K revenue each
- Net debt / EBITDA
- 1.3×
- $225M net debt
- AI in 10-K
- 0.0
- mentions per 10K words
Takeover score 2 of 13
Fixable underperformance 0 of 7
- TSR below peersNo0 of 5 years3+ of last 5 years
- High CEO pay despite TSRNo$3M medianMedian CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo177% of net incomeCash flow under 80% of net income
- Dilutive SBCNo1% of revenueOver 10% of revenue
- Payouts exceed cash flowNo11% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo22% of assetsOver 40% of assets
- Shareholder dissentNo91% lowest supportAny vote under 80% support
Buyer economics 2 of 4
- Low revenue per employeeNo$903K · 56th pctBottom quartile of its SIC industry
- Quiet on AIYes0.0 per 10K words · 0th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo1.3× EBITDA net debtMore cash than debt, positive EBITDA
- Buyout-sizedYes$3.2B market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo$851K netNet sales over $10M in 12 months
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $775M | $935M | $919M | $974M | $1.1B | 11% |
| Operating income | $71M | $88M | $104M | $119M | $121M | 1.8% |
| Net income | $52M | $60M | $75M | $84M | $82M | 3.3% |
| Operating cash flow | $43M | $77M | $159M | $111M | $144M | 30% |
| Capex | $29M | $48M | $40M | $41M | $58M | 42% |
| Stock-based comp | $4M | $4M | $5M | $6M | $9M | 32% |
| Dividends | $11M | $12M | $13M | $15M | $16M | 7.0% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $851K · 5
- Open-market sells, 12 mo
- $0 · 0
- Net
- $851K
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2026 | $4M | $6M | 467 | 113 |
| FY2025 | $3M | $5M | 668 | 190 |
| FY2024 | $3M | $5M | 483 | 174 |
| FY2023 | $2M | $2M | 276 | 147 |
| FY2022 | $2M | $4M | 284 | 186 |