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HAWKINS CHEMICAL ANNOUNCES RESULTS

 MINNEAPOLIS, Feb. 24 /PRNewswire/ -- Dean L. Hahn, president of Hawkins Chemical, Inc. (NASDAQ: HWKN) announced today the corporation will pay its annual cash and stock dividends. The cash dividend this year is $.11, an increase of $.01 over one year ago, and the stock dividend is 5 percent, the same as was declared one year ago. Both are payable to shareholders of record March 26, 1993. Payment date will be April 9, 1993.
 Sales for the first quarter ended Dec. 31, 1992 were $13,502,753, up $911,554 (7.2 percent) from the comparable period last year. Net income was $983,654, an increase of $328,480 (50 percent) for the comparable period one year ago. Income per share was $.11 compared to $.08 one year ago.
 HAWKINS CHEMICAL, INC. AND SUBSIDIARIES
 CONSOLIDATED STATEMENT OF INCOME
 Three Months Ended
 12/31/92 12/31/91
 Net sales $13,502,753 $12,591,199
 Net income $983,654 $655,174
 Earnings per common share (a) $.11 $.08
 (a) Earnings per common share are based on the average number of shares outstanding after giving effect to a 5 percent stock dividend declared Feb. 26, 1992 to shareholders of record at the close of business March 27, 1992.
 NOTE: This is an interim statement subject to audit and to adjustments which may develop during the fiscal year.
 -0- 2/24/93
 /CONTACT: Roger Ottem of Hawkins Chemical, 612-331-6910/
 (HWKN)


CO: Hawkins Chemical, Inc. ST: Minnesota IN: CHM SU: ERN

KH -- MN015 -- 0117 02/24/93 17:27 EST
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Publication:PR Newswire
Date:Feb 24, 1993
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