Fiscal 2024 Third Quarter Year-to-Date Financials slide image

Fiscal 2024 Third Quarter Year-to-Date Financials

NON-GAAP MEASURES Adjusted EBITDA * (in thousands) Trailing Twelve Months Ended December 31, 2023 January 1, 2023 Net income (GAAP) $ 73,143 $ 59,005 Interest expense 4,409 4,266 Income tax expense Amortization of intangibles 26,193 20,502 7,463 7,004 Depreciation expense 22,453 19,639 Non-cash compensation expense 4,567 3,875 Non-recurring acquisition expense 833 73 Adjusted EBITDA $ 139,061 $ 114,364 ©2024 Hawkins, Inc. HAWKINS * We define adjusted EBITDA as GAAP net income adjusted for the impact of the following: net interest expense resulting from our net borrowing position; income tax expense; non-cash expenses including amortization of intangibles, depreciation and charges for the employee stock purchase plan and restricted stock grants; and non-recurring items of income or expense, if applicable. 39
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