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HAWKINS CHEMICAL REPORTS BEST YEAR

 HAWKINS CHEMICAL REPORTS BEST YEAR
 MINNEAPOLIS, Dec. 18 /PRNewswire/ -- Dean L. Hahn, president of


Hawkins Chemical, Inc.(NASDAQ: HWKN),is pleased to report that the year ended Sept. 29, 1991, was the best in the 53-year history of Hawkins Chemical.
 Sales increased 9 percent to $65,584,456. Net income increased 11 percent to $3,496,823. Earnings per share were $.42 compared to $.38 one year ago.
 Hawkins Chemical is a Minneapolis-based sales distribution center for industrial chemicals and laboratory chemicals, a distributor of bulk chemicals, a jobber outfitter for water treatment equipment and water treatment chemicals.
 HAWKINS CHEMICAL, INC.
 CONSOLIDATED STATEMENT OF INCOME
 (Audited)
 Year Ended Quarter Ended
 9/29/91 9/30/90 9/29/91 9/30/90
 Net sales $65,584,456 $60,368,446 $15,665,990 $14,359,861
 Costs and operating
 expenses 60,367,639 55,919,446 14,496,187 13,383,883
 Income from
 operations 5,216,817 4,449,000 1,169,803 975,978
 Other income 545,482 631,644 103,811 183,288
 Income before
 income taxes 5,762,299 5,080,644 1,273,614 1,159,266
 Net income $3,496,823 $3,157,237 $758,838 $804,459
 Weighted average
 number of common
 shares outstanding 8,270,439 8,295,697 8,267,197 8,297,469
 Earnings per share (a) $.42 $.38 $.09 $.10
 (a) adjusted for 1991 stock dividend
 -0- 12/18/91
 /CONTACT: Roger Ottem of Hawkins Chemical, 612-331-6910/
 (HWKN) CO: Hawkins Chemical, Inc ST: Minnesota IN: CHM SU: ERN


KH -- MN016 -- 3589 12/18/91 16:55 EST
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Publication:PR Newswire
Date:Dec 18, 1991
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