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HAWKINS CHEMICAL REPORTS SALES AND EARNINGS

 HAWKINS CHEMICAL REPORTS SALES AND EARNINGS
 MINNEAPOLIS, June 1 /PRNewswire/ -- Dean L. Hahn, president of


Hawkins Chemical, Inc. (NASDAQ: HWKN) announced today that earnings for the second quarter of this fiscal year were $743,198 compared to $877,958 one year ago, a decrease of $134,760. For the six-month period ended March 31, 1992, net income was $1,398,372, a decrease of 8.4 percent from the comparable period one year ago. Income per share for the six months ended March 31, 1992, was $.16 compared to $.18 last year. These decreases are mainly attributable to the loss of certain mass merchandising accounts of subsidiary Tessman Seed, Inc. but was offset somewhat by volume increases in Hawkins Chemical and the other subsidiaries.
 HAWKINS CHEMICAL, INC. AND SUBSIDIARIES
 CONSOLIDATED STATEMENT OF INCOME
 Three Months Ended Six Months Ended
 3/31/92 3/31/91 3/31/92 3/31/91
 Net sales $15,364,824 $16,357,656 $27,956,023 $28,876,371
 Net income 743,198 877,958 1,398,372 1,526,073
 Earnings per
 common share $.09 $.10 $.16 $.18
 Notes:
 -- This is an interim statement subject to audit and to adjustments which may develop during the fiscal year.
 -- 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.
 -0- 6/1/92
 /CONTACT: Roger Ottem of Hawkins Chemical, 612-331-6910/
 (HWKN) CO: Hawkins Chemical, Inc. ST: Minnesota IN: CHM SU: ERN


AL -- MN014 -- 5779 06/01/92 14:15 EDT
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Publication:PR Newswire
Date:Jun 1, 1992
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