Earnings ·
Hamilton Beach reports Q3 EPS of $0.26, raises full-year cash flow outlook
HBBHamilton Beach Brands Holding Co
Hamilton Beach Brands Holding Company reported third-quarter revenue of $140.3 million, a 5.6% increase year-over-year, driven by recovery in its U.S. consumer business and strong growth in its Health segment. Gross margin expanded significantly to 27.5%, up from 21.1% in the prior year period, as inventory no longer subject to tariffs sold through at lower costs. Diluted earnings per share rose to $0.26 from $0.12, and operating profit increased 52.6% to $4.4 million. The company paid down $25 million of debt and repurchased shares during the quarter. While full-year revenue guidance was revised to flat growth due to cautious retailer inventory commitments, cash flow expectations were raised to a range of $40 million to $50 million. Hamilton Beach Brands Holding Company is a leading designer, marketer, and distributor of small electric household appliances and commercial products.