Hamilton Beach(HBB)
Search documents
Hamilton Beach(HBB) - 2026 FY - Earnings Call Presentation
2026-01-12 13:30
Exhibit 99 Investor Presentation ICR Conference 2026 January 12, 2026 Hamilton Beach Forward-Looking Statements · Core Consumer market is North America (U.S., Canada, Mexico, Latin America) · Increasing focus of the Premium small kitchen appliance market · Growing presence in global Commercial kitchen and hotel amenities markets · Developing global Home Healthcare solutions business Hamilton Beach OTUS Powerful Brand Portfolio Best Hamilton Beach Health Hamilton Beac NUMIL Flagship brand Hamilton Beach is a ...
HAMILTON BEACH BRANDS HOLDING COMPANY TO PARTICIPATE IN THE 2026 ICR INVESTOR CONFERENCE
Prnewswire· 2026-01-07 21:05
Group 1 - Hamilton Beach Brands Holding Company will participate in the 2026 ICR Investor Conference from January 12-14, 2026, in Orlando, Florida [1] - The presentation is scheduled for January 12, 2026, at 8:30 a.m. Eastern Time and will be available via webcast on the company's Investor Relations website [2] - Hamilton Beach Brands is a leading designer, marketer, and distributor of small electric household appliances and commercial products, with owned brands including Hamilton Beach®, Proctor Silex®, and Weston® [3] Group 2 - The company also provides connected devices and software for healthcare management, expanding its presence in the home health and medical markets through connected medical devices [3] - Hamilton Beach Brands has multiyear agreements to design, sell, market, and distribute products such as Numilk® plant-based milk makers and Sunkist® commercial juicers [3] - The company licenses brands for CHI® premium garment care products and Clorox home appliances, indicating a diverse product portfolio [3]
Hamilton Beach Brands Isn't Done Moving Higher Yet
Seeking Alpha· 2026-01-05 06:30
Core Insights - Crude Value Insights provides an investment service and community focused on the oil and natural gas sectors, emphasizing cash flow and the companies that generate it, which leads to value and growth prospects with real potential [1] Group 1 - The service offers subscribers access to a model account with over 50 stocks, in-depth cash flow analyses of exploration and production (E&P) firms, and live chat discussions about the sector [1]
2 Tariffic Microcaps To Check Out
ZACKS· 2025-12-02 00:31
Core Insights - Companies heavily reliant on China for product sourcing are experiencing significant gross margin degradation due to tariffs, with micro-cap stocks seeing declines of 50-700 basis points [1] - Despite challenges, two micro-cap companies have successfully adjusted to tariffs through cost restructuring and sourcing diversification, making them appear attractively valued [2] Company Summaries Crown Crafts, Inc. (CRWS) - Crown Crafts specializes in infant, toddler, and juvenile products, with Walmart and Amazon as key customers, contributing 47% and 19% of fiscal 2025 gross sales respectively [3] - In the latest quarter, Crown Crafts faced a 3.1% decline in sales and a 70 basis point erosion in gross margin due to tariffs, yet managed to increase EPS year-over-year from $0.08 to $0.11 [4] - Administrative and marketing costs decreased by 13.6% year-over-year, with further cost savings expected from management's consolidation plan by fiscal 2027 [5] - The stock is trading at 3.2X trailing 12-month EV/EBITDA, significantly lower than industry averages, with a current dividend yield of 11.72% [6] Hamilton Beach Brands Holding Company (HBB) - Hamilton Beach operates in two segments: Home and Commercial Products (74% of total revenues) and Health (26% of total revenues), with Walmart and Amazon accounting for approximately 29% and 24% of revenues respectively [7][9] - The company experienced a one-time 690 basis point hit to gross margin from tariffs but has implemented pricing actions and diversified manufacturing to mitigate future risks [10] - The Health segment's operating profit turned positive, and the premiumization strategy through the Lotus brand has shown strong sell-through performance [11] - A 15.2% year-over-year drop in revenue was attributed to trade paralysis among major retail customers, but there are signs of recovery as trade conditions stabilize [12] - The stock is currently trading at 6.26X trailing 12-month EV/EBITDA, with support around a tangible book value of $11.48/share [13] Market Context - Both companies have significant exposure to consumer spending, particularly through Walmart, which is managing macroeconomic challenges effectively [14]
HAMILTON BEACH BRANDS HOLDING COMPANY DECLARES QUARTERLY DIVIDEND AND ANNOUNCES STOCK REPURCHASE PROGRAM
Prnewswire· 2025-11-20 21:31
Core Points - Hamilton Beach Brands Holding Company declared a regular cash dividend of $0.12 per share, payable on December 16, 2025, to stockholders of record as of December 1, 2025 [1] - The Board approved a stock repurchase program for up to $25 million of Class A Common Stock, effective January 1, 2026, through December 31, 2027 [2] - The previous share buyback program, running from January 1, 2024, to December 31, 2025, also authorized the purchase of up to $25 million, with 1,034,446 shares repurchased for $20.7 million by September 30, 2025 [2][3] Company Overview - Hamilton Beach Brands is a leading designer, marketer, and distributor of small electric household appliances and commercial products, including brands like Hamilton Beach®, Proctor Silex®, and Weston® [5] - The company also provides connected devices and software for healthcare management, expanding its presence in the home health and medical markets through connected medical devices [5]
Hamilton Beach Q3 Profit Falls Y/Y on Tariff-Driven Margin Hit
ZACKS· 2025-11-07 18:36
Core Viewpoint - Hamilton Beach Brands Holding Company experienced a significant decline in third-quarter 2025 results, with revenues down 15.2% year over year, reflecting ongoing challenges from tariffs and weak consumer demand [3][2][16] Financial Performance - Third-quarter 2025 revenues were reported at $132.8 million, down from $156.7 million in the previous year [3] - Gross profit fell 36% to $28 million, with the gross margin decreasing to 21.1% from 28% due to a one-time $5 million cost impact from a 125% tariff on Chinese imports [3][4] - Operating profit decreased to $2.9 million from $10.6 million, while net income slightly declined to $1.7 million, or 12 cents per diluted share, from $1.9 million, or 14 cents per diluted share, in the prior-year quarter [3] Cost Management - Selling, general and administrative expenses decreased by 25% year over year to $25.1 million, primarily due to reduced personnel costs and lower stock-based compensation [4] - Despite cost savings, the one-time tariff cost led to a significant drop in operating margin to 2.2% from 6.8% a year earlier [4] Cash Flow and Debt - Net cash used for operating activities in the first nine months of 2025 was $14.6 million, a reversal from $35.2 million in cash provided in the prior year, primarily due to a $27.5 million reduction in accounts payable [5] - As of September 30, 2025, net debt increased to $32.8 million from $22.5 million a year ago, with total debt remaining steady at $50 million [6] Management Insights - CEO R. Scott Tidey described the quarter as a period of "sequential improvement," noting normalization in retailer purchasing patterns and improved trade relations with China [7] - CFO Sally Cunningham indicated that the gross margin decline was largely temporary, with expectations for recovery as cost-saving measures and normalization of ordering patterns take effect [8] Revenue Drivers - The 15.2% year-over-year revenue drop was mainly due to lower volumes in the U.S. consumer business and a delay in orders from a major retailer [9] - Strength in the Commercial and Health segments partially offset this weakness [9] Tariff Impact - The temporary 125% tariff spike on Chinese imports compressed the gross margin by 370 basis points, with most of the impact absorbed by the company rather than passed on to customers [10] - Price increases implemented in June and August were accepted by retail partners, helping to mitigate future cost risks [10] Future Outlook - Hamilton Beach did not provide quantitative guidance due to ongoing tariff-related uncertainty but expects further recovery in top-line and margin in the fourth quarter [12] - CFO Cunningham noted that while recovery may not be linear in 2026, annual performance should benefit from actions taken in 2025 [13] Strategic Developments - The Hamilton Beach Health subsidiary achieved its first operating profit, with new partnerships and a 50% expansion in the patient subscription base [14] - The company continued its share repurchase program and maintained dividend payments, indicating confidence in its long-term outlook [15] Overall Assessment - The third-quarter results reflect progress in stabilizing the business post-tariff volatility, with management cautiously optimistic about future profitability driven by cost controls and product diversification [16]
Hamilton Beach(HBB) - 2025 Q3 - Earnings Call Transcript
2025-11-05 22:30
Financial Data and Key Metrics Changes - Total revenue in Q3 2025 was $132.8 million, down 15.2% year-over-year but up 300 basis points compared to Q2 2025 [11] - Gross profit was $28 million, or 21.1% of total revenue, compared to $43.9 million, or 28% in the same period last year [12] - Operating profit was $2.9 million, or 2.2% of total revenue, down from $10.6 million, or 6.8% of total revenue in Q3 2024 [14] - Net income was $1.7 million, or 12 cents per diluted share, compared to $1.9 million, or 14 cents per diluted share a year ago [15] Business Line Data and Key Metrics Changes - The core business expanded its reach with the Kitchen Collections by Hamilton Beach line being rolled out to a leading mass-market retailer [6] - The commercial business delivered outstanding results, with strong demand for innovative solutions, although inventory constraints limited performance [8] - The Hamilton Beach Health division achieved positive operating profit for the first time this quarter, with new partnerships and product launches contributing to growth [9] Market Data and Key Metrics Changes - Retailers resumed typical buying patterns after destocking inventory, leading to improved sales trends in Q3 compared to Q2 [4] - The decline in revenue was primarily driven by lower volumes in the US consumer business due to overall softness in consumer demand [11] Company Strategy and Development Direction - The company is diversifying manufacturing away from China to other APAC countries to mitigate tariff impacts and improve procurement flexibility [5] - A robust pipeline of new products in high-growth categories is expected to drive market share gains, including successful launches in premium segments [7] - Comprehensive cost management measures generated $10 million in annualized savings, with benefits starting to materialize in Q3 [6] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about returning gross margins to historical levels as tariff impacts moderate and trade relations improve [10] - The company anticipates further progress in sales trends and gross margins in Q4 2025, despite ongoing market uncertainties [17] Other Important Information - The company repurchased approximately 39,000 shares totaling $0.6 million and paid $1.6 million in dividends during the quarter [16] - Net debt position increased to $32.8 million from $22.5 million at the end of the prior year period [16] Q&A Session Summary Question: Clarification on the $5 million tariff cost - The $5 million cost was related to the 125% tariff temporarily imposed in April and was absorbed as a one-time cost in Q3 [20][22] Question: Update on the largest retailer's ordering patterns - The largest retailer paused orders but has resumed normal shipping patterns, with expectations for a record number of promotional activities in Q4 [26][28]
Hamilton Beach(HBB) - 2025 Q3 - Quarterly Report
2025-11-05 21:59
Financial Performance - Revenue for Q3 2025 was $132.8 million, a decrease of 15.2% compared to $156.7 million in Q3 2024[11] - Gross profit for Q3 2025 was $28.0 million, down 36.3% from $43.9 million in Q3 2024[11] - Net income for the nine months ended September 30, 2025, was $7.9 million, an increase of 16.9% compared to $6.8 million for the same period in 2024[14] - Operating profit for the nine months ended September 30, 2025, was $11.1 million, down 43.5% from $19.6 million in the same period of 2024[11] - The net income for the three months ended September 30, 2025, was $1,653,000, compared to a net income of $5,986,000 for the same period in 2024[22] - Basic earnings per share for Q3 2025 were $0.12, compared to $0.14 in Q3 2024[11] - Comprehensive income for the nine months ended September 30, 2025, was $8.3 million, compared to $9.9 million for the same period in 2024[14] - Total revenues for the three months ended September 30, 2025, were $132.8 million, a decrease of 15.2% compared to $156.7 million for the same period in 2024[55] - Consumer product revenue for the nine months ended September 30, 2025, was $340.8 million, down 13.6% from $394.4 million in 2024[55] - Commercial product revenue increased to $42.4 million for the nine months ended September 30, 2025, compared to $39.9 million in 2024, reflecting a growth of 6.3%[55] - Licensing revenue for the nine months ended September 30, 2025, was $6.8 million, up 41.7% from $4.8 million in 2024[55] Assets and Liabilities - Total assets as of September 30, 2025, were $392.4 million, a decrease of 5.4% from $415.1 million at the end of 2024[9] - Total liabilities decreased to $228.3 million as of September 30, 2025, down 8.4% from $249.2 million at the end of 2024[9] - Cash and cash equivalents at the end of Q3 2025 were $17.2 million, a decrease of 24.5% from $22.6 million at the end of Q3 2024[9] - Total stockholders' equity as of September 30, 2025, was $164,048,000, with retained earnings of $126,953,000[20] - The company has $54.4 million in outstanding payment obligations to a third-party financial institution as of September 30, 2025[36] Shareholder Activities - The company paid cash dividends of $0.12 per share during the third quarter of 2025, totaling $1,619,000[20] - The company repurchased 396,065 shares for an aggregate purchase price of $7.2 million during the nine months ended September 30, 2025[42] - The company repurchased 39,333 shares for $0.6 million during the three months ended September 30, 2025, compared to 221,529 shares for $5.3 million in 2024[44] - As of September 30, 2025, the company had $4.2 million remaining authorized for share repurchase[42] Credit and Financing - The company has a $125.0 million senior secured floating-rate revolving credit facility expiring on December 13, 2029, which is expected to provide sufficient liquidity for operating needs[29] - The fair value of the HBB Facility was $125.0 million, determined using current rates for similar obligations[41] Environmental and Regulatory Matters - As of September 30, 2025, the Company accrued undiscounted obligations of $3.0 million for environmental investigation and remediation activities, down from $3.9 million as of December 31, 2024[58] - The Company estimates additional expenses related to environmental investigation and remediation could range from $0 to $1.0 million[58] Acquisitions - The Company completed the acquisition of HealthBeacon Limited for €6.9 million (approximately $7.5 million) on February 2, 2024[63] - HealthBeacon generated revenue of $1.887 million and an operating profit of $313,000 for the three months ended September 30, 2025[65] - The total assets acquired from HealthBeacon amounted to $10.191 million, with total liabilities of $2.632 million[67] Taxation - The effective tax rate for the three months ended September 30, 2025, was 18.4%, a decrease from 27.4% in the same period of 2024, primarily due to increased foreign derived tax benefits[60] Other Financial Information - The company reported a net cash used in operating activities of $14.6 million for the nine months ended September 30, 2025[17] - The company reported a share-based compensation expense of $569,000 for the three months ended September 30, 2025[20] - The company incurred transaction costs of approximately $0.2 million and $1.3 million during the three and nine months ended September 30, 2024, respectively[66] - The company completed the termination of its U.S. Pension Plan in 2024, with a pre-tax settlement charge of $7.6 million recognized in the third quarter of 2024[33] - The company transferred $13.4 million of surplus assets to a qualified replacement plan for employee retirement benefits in the first quarter of 2025[34] - The company expects revenue to increase during the second half of the year, peaking in the fourth quarter due to the fall holiday-selling season[28]
Hamilton Beach(HBB) - 2025 Q3 - Quarterly Results
2025-11-05 21:05
Revenue Performance - Revenue declined 15.2% to $132.8 million compared to $156.7 million in the same quarter last year[3] - Revenue decline was primarily driven by lower volumes in the U.S. Consumer business, with a delay in orders from a large retailer[4] Profitability Metrics - Gross margin decreased to 21.1% from 28.0%, impacted by a one-time 370 basis point effect from a temporary 125% tariff on Chinese imports[3][5] - Operating profit decreased to $2.9 million compared to $10.6 million in the prior year[6] - Net income was $1.7 million, or $0.12 per diluted share, compared to $1.9 million, or $0.14 per diluted share in the same quarter last year[7] - Net income for the nine months ended September 30, 2025, increased to $7.9 million, up from $6.8 million in the same period of 2024, reflecting a growth of 16.9%[20] Expenses and Cost Management - Selling, general and administrative expenses (SG&A) decreased to $25.1 million from $33.3 million, primarily due to lower personnel costs[6] Cash Flow and Liquidity - Net cash used for operating activities was $14.6 million for the nine months ended September 30, 2025, compared to $35.2 million cash provided in the same period last year[8] - Net cash provided by operating activities was $(14.6) million for the nine months ended September 30, 2025, compared to $35.2 million in 2024, indicating a significant decline[20] - Cash and cash equivalents dropped to $17.2 million from $45.6 million, a decrease of 62.3%[20] Debt and Liabilities - Net debt increased to $32.8 million from $22.5 million year-over-year[9] - Net (cash) debt stood at $32.8 million as of September 30, 2025, compared to $(0.6) million at December 31, 2024, indicating a shift to a net debt position[21] - Total liabilities decreased to $228.3 million as of September 30, 2025, down from $249.2 million at December 31, 2024, a reduction of 8.3%[18] Asset Management - Total assets decreased to $392.4 million as of September 30, 2025, from $415.1 million at December 31, 2024, representing a decline of 5.5%[18] - Inventory increased to $174.8 million as of September 30, 2025, from $124.9 million at December 31, 2024, an increase of 40%[18] - Total stockholders' equity slightly decreased to $164.0 million from $165.9 million, a decline of 1.1%[18] Dividends and Shareholder Returns - Cash dividends paid amounted to $4.8 million for the nine months ended September 30, 2025, compared to $4.7 million in 2024, reflecting a marginal increase[20] Business Outlook - The company did not provide specific guidance on its business outlook due to increased uncertainty from higher tariffs[10] - The company expects further top-line and margin recovery in the fourth quarter due to improved visibility and brand strength[2] Operational Challenges - The company reported a net change in operating assets and liabilities of $(27.8) million for the nine months ended September 30, 2025, compared to $(10.5) million in 2024, indicating increased operational challenges[20]
HAMILTON BEACH BRANDS HOLDING COMPANY ANNOUNCES DATES OF ITS 2025 THIRD QUARTER EARNINGS RELEASE AND CONFERENCE CALL
Prnewswire· 2025-10-29 20:05
Core Points - Hamilton Beach Brands Holding Company will release its third quarter financial results for 2025 on November 5, 2025, after market close [1] - A conference call will be held on the same day at 4:30 p.m. Eastern Time to discuss the results [1] Company Overview - Hamilton Beach Brands Holding Company is a prominent designer, marketer, and distributor of small electric household appliances and commercial products for various sectors including restaurants and healthcare [2] - The company owns several consumer brands such as Hamilton Beach®, Proctor Silex®, and premium brands like Hamilton Beach Professional® [2] - Hamilton Beach Health, a subsidiary, focuses on expanding into home health and medical markets, having acquired HealthBeacon in 2024 [2]