Welcome to our dedicated page for Hamilton Beach Brands Holding Company news (Ticker: HBB), a resource for investors and traders seeking the latest updates and insights on Hamilton Beach Brands Holding Company stock.
Hamilton Beach Brands Holding Company (NYSE: HBB) operates through its wholly-owned subsidiary Hamilton Beach Brands, Inc., a leading designer, marketer, and distributor of small electric household and specialty housewares appliances, as well as commercial products for restaurants, bars, and hotels. The company’s extensive product portfolio includes well-known consumer brands such as Hamilton Beach®, Proctor Silex®, Hamilton Beach Professional®, Weston®, TrueAir®, and Hamilton Beach Health®. The commercial brands include Hamilton Beach Commercial® and Proctor Silex Commercial®.
Headquartered in Richmond, Virginia, Hamilton Beach Brands, Inc. is a wholly-owned subsidiary of Nacco Industries, Inc. (NYSE: NC). The company designs, markets, and distributes its products globally, serving both consumer and commercial markets.
Hamilton Beach Brands is recognized for its commitment to innovation and quality. The company’s mission is to achieve profitable growth through innovative solutions that enhance everyday living. Recent initiatives have focused on various strategic growth areas:
- Drive Core Growth: The company aims to expand the reach of its flagship brands, Hamilton Beach® and Proctor Silex®, in the North American market. These brands have long been trusted for their quality, durability, and innovative solutions.
- Gain Share in the Premium Market: By developing, licensing, and acquiring premium brands like Hamilton Beach Professional® and Weston®, and leveraging partnerships for brands such as Wolf Gourmet® and CHI®, the company aims to increase its presence in the higher-margin premium market.
- Expand in Home Health and Wellness: Emphasizing the fast-growing home health and wellness market, the company has launched products like CloroxTM True HEPA air purifiers and Brita HubTM water filtration appliances. The recent acquisition of HealthBeacon enhances the company’s offering in digital healthcare solutions.
- Lead in the Global Commercial Market: The company focuses on growing its commercial product line, which includes blending and mixing appliances for restaurants, bars, and hotels. Hamilton Beach products are now sold in over 100 countries.
- Accelerate Digital Transformation: Investments in e-commerce capabilities and digital marketing strategies are aimed at increasing the company’s market share in online sales. This includes partnerships with omni-channel and online-only retailers and enhancing the company’s digital presence.
- Leverage Partnerships and Acquisitions: Hamilton Beach Brands continues to seek strategic partnerships, alliances, and acquisitions to drive growth across all its markets, including health and wellness and commercial sectors.
Financially, Hamilton Beach Brands has shown resilience and strategic growth. Despite economic uncertainties and supply chain challenges, the company has maintained a strong cash flow and has focused on reducing debt and returning value to shareholders through dividends and stock repurchases. Net debt has been significantly reduced from $126.3 million in mid-2022 to $34.6 million by the end of 2023.
Overall, Hamilton Beach Brands continues to invest in innovation, extend its market reach, and strengthen its financial position to create long-term shareholder value.
For more comprehensive updates on the company’s financial performance and other developments, visit www.hamiltonbeachbrands.com.
Hamilton Beach Brands Holding Company (NYSE: HBB) reported a 41.8% increase in revenue for Q3 2021, totaling $156.7 million, with a positive operating profit of $7.4 million compared to a loss of $2.4 million in Q3 2020. The company anticipates strong demand for retail and commercial appliances into 2022, although global supply chain challenges may limit product availability. Notable growth in Latin America and e-commerce sales, which represented 31% of total revenue, highlights effective market strategies amid ongoing cost pressures.
Hamilton Beach Brands Holding Company (NYSE: HBB) will release its 2021 third quarter financial results and file its 10-Q report on November 3, 2021, after market close. The company will host a conference call on November 4, 2021, at 9:30 a.m. ET to discuss the results. Investors can access the call via telephone at 844-200-6205 (US) or 929-526-1599 (international) with access code 725382. A live webcast will also be available on the company's website.
Hamilton Beach Brands Holding Company will participate in the Jefferies 2021 Home Retail Summit on September 13, 2021. CEO Gregory H. Trepp, CFO Michelle O. Mosier, and SVP of Consumer Sales and Marketing R. Scott Tidey will discuss 'Evolving Consumer Preferences in Appliances & Electronics' from 11 a.m. to 11:45 a.m. ET. The session will be webcast live, accessible via the conference and the company's website. Investors can arrange meetings with the team during the summit.
Hamilton Beach Brands Holding Company (NYSE: HBB) announced a regular cash dividend of $0.10 per share, payable on September 15, 2021, to stockholders of record by September 1, 2021. This dividend applies to both Class A and Class B Common Stock. Hamilton Beach designs and distributes a variety of small electric household appliances and commercial products, with notable brands including Hamilton Beach, Proctor Silex, and others.
Hamilton Beach Brands Holding Company (NYSE: HBB) will participate in the Midwest IDEAS Investor Conference on August 25-26, 2021. Key executives, including President Gregory H. Trepp and CFO Michelle O. Mosier, will present a pre-recorded session available from 7:00 am CST on August 25. Investors can access the presentation on the conference site as well as through Hamilton Beach's investor relations page. The company specializes in a wide range of small electric household appliances and commercial products.
Hamilton Beach Brands reported strong revenue growth of 11.8% to $154.7 million in Q2 2021, attributed to increasing demand across all markets. However, operating profit fell to $0.9 million due to rising transportation, material, and labor costs. Gross profit margin dipped to 18.4% from 25.5% the previous year. The company is experiencing supply chain disruptions affecting product availability. Despite challenges, demand for small appliances is expected to remain robust, with plans to introduce 130 new products over the next two years.
Hamilton Beach Brands Holding Company (NYSE: HBB) will release its 2021 second quarter financial results and file its 10-Q after market close on August 4, 2021. A conference call is scheduled for August 5, 2021, at 9:30 a.m. Eastern Time to discuss the results. Investors can access the call via phone or through a live webcast on the company’s website, with a recording available afterward. Hamilton Beach designs and distributes various small household appliances and commercial products, holding well-known brands like Hamilton Beach®, Proctor Silex®, and others.
Hamilton Beach Brands and HealthBeacon Limited announced a strategic partnership to launch a smart Injection Care Management System (ICMS) in the U.S. and Canada, branded as Hamilton Beach Health. The system features the Smart Sharps Bin and a companion app to aid medication management and safe disposal of sharps. Hamilton Beach will exclusively market the system through direct-to-consumer and retail channels. HealthBeacon will manage manufacturing and data. This partnership aims to address the growing need for safe sharps disposal and medication adherence, tapping into a projected global biologics market worth $380 billion by 2024.
Hamilton Beach Brands has secured a multiyear trademark licensing agreement with The Clorox Company to introduce a range of premium air purifiers under the Clorox brand. Scheduled for launch in 2021 and 2022, these air purifiers will claim to eliminate 99.97% of allergens, addressing consumer demand amplified by health concerns. Market distribution will span the U.S., Canada, and Mexico, with prices ranging from $89.99 to $229.99. This partnership aims to enhance both companies' positions in the growing home health and wellness market, which has seen significant demand amid the Covid-19 pandemic.
Hamilton Beach Brands Holding Company (NYSE: HBB) announced that key executives will participate in the Baird 2021 Global Consumer, Technology & Services Conference from June 8-10, 2021. The company's presentation is set for June 9 at 11:25 a.m. ET, and will be accessible via live webcast on their website. Notable participants include CEO Gregory H. Trepp, CFO Michelle O. Mosier, and SVP Scott Tidey. Hamilton Beach is a leader in small electric appliances and provides commercial products for food service industries. Visit www.hamiltonbeachbrands.com for more info.
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