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) 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.
Hamilton Beach Brands Holding Company (NYSE: HBB) announced participation in the 23rd Annual ICR Investor Conference, set for January 11-14, 2021. Key executives, including Gregory H. Trepp, Michelle O. Mosier, and Scott Tidey, will present on January 11, 2021, from 9:30 a.m. to 10:25 a.m. ET. A live webcast will be available at www.hamiltonbeachbrands.com. The company is well-known for its diverse range of small electric household appliances and commercial products.
Hamilton Beach Brands Holding Company (NYSE: HBB) has announced a cash dividend of $0.095 per share for both Class A and Class B Common Stock. This dividend will be payable on December 15, 2020, to shareholders of record as of December 1, 2020. This regular payment underlines the company's commitment to returning value to its shareholders, reflecting a consistent dividend policy.
Hamilton Beach Brands Holding Company (NYSE: HBB) reported a 26% decrease in Q3 2020 revenue, totaling $110.5 million, primarily due to challenges from a new ERP system and transportation constraints. The company recorded a net loss of $2.0 million compared to a profit of $0.6 million in Q3 2019. Despite these hurdles, demand for small kitchen appliances remains strong, with an expected revenue shift to Q4 2020. The company anticipates operating profit to increase by 20% in H2 2020, supported by a significant backlog for the holiday season.
Hamilton Beach Brands Holding Company (NYSE: HBB) will announce its 2020 Third Quarter financial results on November 9, 2020, after market close. A conference call to discuss these results is scheduled for November 10, 2020, at 9:30 a.m. ET. Investors can join the call via telephone or watch the webcast on the company’s website. Hamilton Beach Brands is a prominent designer, marketer, and distributor of small electric household appliances and commercial products. For more details, visit www.hamiltonbeachbrands.com.
On August 19, 2020, Hamilton Beach Brands Holding Company (NYSE: HBB) announced a 6% increase in its quarterly cash dividend, raising it from $0.09 to $0.095 per share. This adjustment translates to an annual rate of $0.38 per share. The dividend is scheduled for payment on September 15, 2020, to shareholders recorded by September 1, 2020. CEO Gregory H. Trepp emphasized that this decision reflects the company's robust cash flow and financial position, demonstrating commitment to delivering shareholder value.
Hamilton Beach Brands Holding Company (NYSE: HBB) announced participation in the Midwest IDEAS Investor Conference, scheduled for August 26-27, 2020. Key executives, including CEO Gregory H. Trepp and CFO Michelle O. Mosier, will deliver a prerecorded presentation available for viewing from 7:00 am CST on August 26. Accessible via the conference portal or the company’s website, this event highlights the company's strategic initiatives and market positioning. Hamilton Beach is renowned for its diverse range of small appliances and commercial products. For more details, visit www.hamiltonbeachbrands.com.
Hamilton Beach Brands reported a 5.5% increase in total revenue for Q2 2020, totaling $138.3 million, driven by strong demand in the US and Canada. Operating profit surged over 300% to $10.9 million, aided by tariff relief and reduced expenses. Net debt decreased to $40.2 million, showcasing improved cash flow. The company anticipates continued growth in the second half of 2020, expecting a 30% increase in operating profit compared to H2 2019. Ecommerce sales rose 77%, comprising 37% of total revenue.
Hamilton Beach Brands Holding Company (NYSE: HBB) will release its 2020 Second Quarter financial results and file its 10-Q on August 5, 2020, after market close. A conference call for discussion of these results is set for August 6, 2020, at 9:30 a.m. Eastern Time. Interested participants can register online for the call or access the live webcast via the company's Investor Relations website. Hamilton Beach is known for its diverse range of small electric household appliances and commercial products.
Hamilton Beach Brands Holding Company (HBB) reported a 4.6% revenue decline in Q1 2020 due to COVID-19 impacts but anticipates a 5.5% increase in Q2 2020. Operating profit is expected to rise from $3.2 million to between $10.5 million and $11 million, aided by cost management and tariff relief. Net debt decreased significantly from $80.5 million to $40.2 million. The company completed the dissolution of Kitchen Collection, which previously incurred substantial losses. HBB expects strong demand to continue through 2020, driven by e-commerce and consumer trends.
FAQ
What is the current stock price of Hamilton Beach Brands Holding Company (HBB)?
What is the market cap of Hamilton Beach Brands Holding Company (HBB)?
What does Hamilton Beach Brands Holding Company do?
Where is Hamilton Beach Brands Holding Company headquartered?
What are some key brands under Hamilton Beach Brands?
What is the company’s strategy for growth?
What recent acquisition did Hamilton Beach Brands make?
How is Hamilton Beach Brands performing financially?
What products does Hamilton Beach Commercial offer?
How is Hamilton Beach Brands addressing the e-commerce market?
What is Hamilton Beach Health?
Where can I find more information about Hamilton Beach Brands?
