$Hawkins Inc (HWKN.US)$ 🎯 2024.4.3 The current price is 75,...

New data: 24Q2 and 24Q3. Revenue shrank for two consecutive quarters, and both operating profit and net profit continued to grow due to a sharp increase in gross margin.

In the first three quarters of 2024, revenue contracted 1.6%, operating profit increased 20.5% due to increased gross margin, and net profit increased 27%.

The balance sheet shows an acquisition in 24Q3, increasing goodwill from $150 million to $220 million, while long-term loans increased to $110 million. The net worth is currently 394 million.

Currently, the price-earnings ratio is 26.3, and the price-earnings ratio has dropped to 21.6. There is still a discount compared to the profit growth rate, but considering that the recent acquisition has just been completed, we need to observe the impact, and no adjustments will be made for the time being.