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Article: Hawkins, Inc. Reports Second Quarter, First Half Fiscal 2010 Results.(Financial report)
- Article from:
- Chemicals & Chemistry
- Article date:
- November 13, 2009
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Hawkins, Inc. (NASDAQ: HWKN) announced second quarter and six month results for fiscal 2010. Sales of $65.0 million for the quarter ended September 30, 2009 represented a decrease of 17.2% from $78.5 million in sales for the same period in the prior fiscal year. Net income for the second quarter of fiscal 2010 was $6.7 million, or $0.65 per share, fully diluted, compared to net income for the same period of fiscal 2009 of $6.8 million, or $0.67 per share, fully diluted.
Operating income for the quarter was increased by LIFO inventory adjustments of $4.2 million (approximately $2.6 million, or $0.25 per share, after tax) primarily resulting from decreased inventory ...
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