Welcome to our dedicated page for Hamilton Beach B news (Ticker: HBB), a resource for investors and traders seeking the latest updates and insights on Hamilton Beach B stock.
Overview of Hamilton Beach Brands Holding Company (NYSE: HBB)
Hamilton Beach Brands Holding Company (HBB) is a prominent designer, marketer, and distributor of a wide range of small electric household appliances, specialty housewares, and commercial products. With a legacy of innovation and quality, the company serves both consumer and commercial markets through its diverse portfolio of trusted brands, including Hamilton Beach®, Proctor Silex®, Weston®, and Hamilton Beach Commercial®. Headquartered in Richmond, Virginia, HBB operates globally, delivering solutions that cater to households, restaurants, bars, and hotels.
Core Business Areas
HBB’s operations are structured across three main segments:
- Consumer Products: The company offers a wide range of small kitchen appliances, garment care products, and air purification solutions. Its consumer brands, such as Hamilton Beach and Proctor Silex, are known for their quality, durability, and innovative designs, addressing everyday needs in households worldwide.
- Commercial Solutions: Through its Hamilton Beach Commercial brand, the company provides high-performance appliances tailored for the foodservice and hospitality industries. These products, including blending and mixing equipment, are widely used in restaurants, fast food chains, and hotels globally.
- Healthcare Technology: HBB has expanded into the healthcare sector with its Hamilton Beach Health subsidiary. This division focuses on connected devices and software for in-home healthcare management, including solutions for patients with chronic conditions. The acquisition of HealthBeacon, a medical technology firm, underscores the company’s commitment to innovation in this space.
Revenue Streams and Strategic Initiatives
HBB generates revenue through direct sales of its branded products, licensing agreements for premium appliances, and subscription-based models in its healthcare segment. The company’s strategic initiatives are designed to drive growth, enhance margins, and adapt to evolving market trends. Key initiatives include:
- Core Growth: Strengthening its flagship brands in North America through product innovation and digital marketing strategies.
- Premium Market Expansion: Increasing its presence in the premium appliance segment with brands like Hamilton Beach Professional and licensed products such as Wolf Gourmet® and Bartesian® cocktail makers.
- Digital Transformation: Enhancing e-commerce capabilities and leveraging digital marketing to drive online sales and customer engagement.
- Healthcare Solutions: Scaling its Hamilton Beach Health business, focusing on connected devices and subscription-based healthcare management tools.
- Global Commercial Growth: Expanding its footprint in international markets by offering reliable and differentiated commercial products for the foodservice industry.
Competitive Landscape and Market Position
HBB operates in a highly competitive industry alongside established players such as KitchenAid, Cuisinart, and Breville. The company differentiates itself through its strong brand equity, innovative product offerings, and strategic partnerships. Its focus on premium appliances, digital transformation, and healthcare technology positions it as a versatile player capable of adapting to changing consumer preferences and market dynamics.
Significance in the Industry
Hamilton Beach Brands Holding Company is recognized for its commitment to improving everyday living through innovative solutions. Its products are designed to address consumer pain points, offering convenience, efficiency, and reliability. By integrating technology into its offerings and expanding into high-growth markets, HBB continues to solidify its position as a leader in the small appliances sector.
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.
The Board of Directors of Hamilton Beach Brands Holding Company (HBB) announced a 5% increase in its quarterly cash dividend, raising it from $0.095 to $0.10 per share. This dividend is scheduled for payment on June 15, 2021, for stockholders recorded as of June 1, 2021. The company continues to show confidence by increasing shareholder returns, bolstering its commitment to providing value to investors.
Hamilton Beach Brands Holding Company (HBB) reported a 23.5% revenue increase to $149.2 million for Q1 2021, fueled by strong consumer demand in North America. The operating profit rose to $5.3 million, with net income from continuing operations at $2.9 million or $0.21 per diluted share. Ecommerce sales surged 59%, contributing 35% to total revenue. However, net debt increased to $101.2 million as of March 31, 2021. The company remains optimistic about future growth despite challenges in supply chain and material costs.
Hamilton Beach Brands Holding Company (NYSE: HBB) announced it will release its 2021 First Quarter financial results on May 5, 2021, after market close. A conference call to discuss these results is scheduled for May 6, 2021, at 9:30 a.m. (ET). Investors can participate by calling (833) 227-5844 or visiting the company’s website for a live webcast. The company is known for its range of small household and commercial appliances under various consumer brands. For more details, visit Hamilton Beach.
Hamilton Beach Brands Holding Company (NYSE: HBB) reported a 14.4% revenue increase to $234.0 million in Q4 2020, attributed to strong consumer demand in the US and Canada. Operating profit grew by 49% to $28.4 million, and net income rose to $19.4 million ($1.40 per diluted share). However, full-year revenue decreased by 1.3% to $603.7 million. The company anticipates continued strong demand in 2021 and plans to expand its ecommerce and premium product offerings. A restructuring toward a licensing model in select international markets was also announced.
Hamilton Beach Brands Holding Company (NYSE: HBB) will release its 2020 Fourth Quarter and Full Year financial results on March 16, 2021, after market close. A conference call to discuss the results is scheduled for March 17, 2021, at 9:30 a.m. ET. Investors can join via telephone or listen to a live webcast on the company’s website, with an archive available later. Hamilton Beach is a prominent supplier of household and commercial appliances, known for its brands like Hamilton Beach®, Proctor Silex®, and Bartesian®.
Hamilton Beach Brands Holding Company (NYSE: HBB) declared a regular cash dividend of $0.095 per share, payable on March 16, 2021. This dividend applies to both Class A and Class B Common Stock, with a record date of March 8, 2021. Hamilton Beach is renowned for its extensive range of small electric household appliances and commercial products, including brands like Hamilton Beach, Proctor Silex, and Bartesian. This dividend announcement reflects the company's commitment to returning value to shareholders amidst its ongoing business operations.
FAQ
What is the current stock price of Hamilton Beach B (HBB)?
What is the market cap of Hamilton Beach B (HBB)?
What does Hamilton Beach Brands Holding Company do?
What are the key brands under Hamilton Beach?
How does Hamilton Beach generate revenue?
What industries does Hamilton Beach serve?
What is Hamilton Beach Health?
Who are Hamilton Beach's competitors?
What is Hamilton Beach's market position?
What strategic initiatives is Hamilton Beach pursuing?
How does Hamilton Beach differentiate itself?
What is the significance of HealthBeacon's acquisition?
