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Title:

For Immediate Release

Entities:

Hawkins, Inc.

Date:

2004

Size:

6KB total

Price:

$41

ID:

#250213

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FOR IMMEDIATE RELEASE

Contacts:

Marvin E. Dee
Chief Financial Officer
612/617-8571
marvin.dee@hawkinsinc.com

Jennifer A. Weichert
Weichert Financial Relations, Inc.
651/686-9751
weichertfr@aol.com

HAWKINS, INC. REPORTS

RESULTS FOR FISCAL 2004

Minneapolis, MN, June 9, 2004 Hawkins, Inc. (Nasdaq: HWKN) today announced results for the 2004 fiscal year and fourth quarter ended March 28, 2004. Net income for fiscal 2004 was $5.8 million, equal to $0.56 per share, on sales of $107.0 million compared with fiscal 2003 net income of $8.4 million, earnings per share of $0.83, and sales of $104.0 million. Profitability was negatively impacted by the previously announced $3.0 million litigation settlement in the fourth quarter of fiscal 2004 related to the Companys pharmaceutical business unit.

For the fourth quarter ended March 28, 2004, Hawkins had a net loss of $0.8 million and loss per share of $0.08 on sales of $24.4 million versus net income of $1.3 million and earnings per share of $0.14 on sales of $24.8 million for the comparable period a year ago.

Chairman and Chief Executive Officer, John R. Hawkins, commented, Hawkins Water Treatment segment sales increased by 8.1% versus a year ago mainly due to volume increases associated with favorable weather conditions and to a lesser extent the introduction of new product lines. Recently, the Company expanded its operations by opening a new distribution facility in Eldridge, Iowa during the first quarter of fiscal 2005.

Mr. Hawkins noted that Industrial segment sales were flat compared to the prior year as continued market pressures along several product lines offset increases in the selling prices and cost of caustic soda. As a result of these and other factors, overall gross margins were 26.1% compared to 26.9% a year ago.

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