Gross profit for the quarter ended June 30, 2009 was $15.9 million, or 21.5% of sales, compared to $13.4 million, or 21.5% of sales, for the same period in the prior fiscal year. Gross profit for the Industrial segment was $8.4 million, or 17.0% of sales, for the quarter ended June 30, 2009, as compared to $7.1 million, or 17.3% of sales, for the same period in the prior year. Excluding LIFO adjustments, the Industrial segment’s gross profit decreased as a result of decreased chemical commodity prices combined with the sale of inventory previously purchased at a higher cost. These decreases were partially offset by higher volumes in value added manufactured and specialty chemical products.

Gross profit for the Water Treatment segment was $7.4 million, or 31.1% of sales, for the three months ended June 30, 2009, as compared to $6.3 million, or 29.6% of sales, for the same period in the prior fiscal year. Excluding LIFO adjustments, the Water Treatment segment’s gross profit increased while the gross profit margin as a percentage of sales decreased. The increase in gross profit was primarily driven by increased demand for specialty chemicals and favorable weather conditions in the quarter as compared to the same period last year. The decrease in gross margin as a percent of sales was due to the sale of higher cost inventory.

Selling, general, and administrative expenses increased $322,000, or 5.3%, for the three months ended June 30, 2009 as compared to the same period in the prior fiscal year. The increase was primarily a result of additional sales staff to support our Industrial and Water Treatment segments.

The Company’s Board of Directors is scheduled to meet on August 5, 2009 to discuss the declaration of a dividend. Any dividend declared would be announced after that meeting.

Hawkins, Inc. distributes, blends and manufactures bulk and specialty chemicals for its customers in a wide variety of industries. Headquartered in Minneapolis, Minnesota, and with 20 facilities in 11 states, the Company creates value for its customers through superb customer service and support, quality products and personalized applications.

The discussion above contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements by their nature involve substantial risks and uncertainties. Actual results may differ materially depending on a variety of factors, including, but not limited to, the following: our ability to pass through cost increases in raw materials and energy, the inability of our suppliers to provide us with sufficient quantities of key raw materials at contracted prices and delivery dates, cyclical downturns in our customers’ industries, competition from other chemical companies, seasonality and weather conditions that may affect customer demand and river and rail transportation, the hazards of chemical manufacturing, natural disasters, actual growth in our products’ markets, changes in our customers’ products, compliance with applicable laws and regulations, our ability to meet quality specifications, the adequacy of our insurance coverage, our ability to attract and retain key personnel, our ability to complete and integrate future acquisitions, and future terrorist attacks or natural disasters. Additional information with respect to the risks and uncertainties faced by Hawkins may be found in, and the prior discussion is qualified in its entirety by, the Risk Factors contained in Part I, Item 1A of our Annual Report on Form 10-K for the fiscal year ended March 29, 2009, as updated by subsequent SEC filings.