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Hamilton Beach Brands Holding Co - HBB STOCK NEWS

Welcome to our dedicated news page for Hamilton Beach Brands Holding Co (Ticker: HBB), a resource for investors and traders seeking the latest updates and insights on Hamilton Beach Brands Holding Co.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Hamilton Beach Brands Holding Co's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Hamilton Beach Brands Holding Co's position in the market.

Rhea-AI Summary
Hamilton Beach Brands Holding Company (HBB) announced its fourth quarter and full year 2023 results, showcasing revenue growth, expanded gross profit margins, and improved operating profits. The company's strategic initiatives aim to drive revenue growth and margin expansion. Despite a decline in total revenue for the full year 2023, the company's focus on reducing debt and returning value to shareholders through dividends and stock repurchases is notable.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.51%
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Rhea-AI Summary
Hamilton Beach Brands Holding Company (HBB) to Release 2023 Fourth Quarter Financial Results on March 6, 2024
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.51%
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Rhea-AI Summary
Hamilton Beach Brands Holding Company (HBB) appoints R. Scott Tidey as President, effective immediately. Tidey has been instrumental in the company's growth and strategic initiatives. Gregory H. Trepp remains CEO.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.68%
Tags
management
Rhea-AI Summary
Hamilton Beach Brands Holding Company (NYSE: HBB) declares a regular cash dividend of $0.11 per share, payable on March 15, 2024, to stockholders of record on March 4, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.55%
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dividends
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Rhea-AI Summary
Hamilton Beach Brands Holding Company (NYSE: HBB) has acquired HealthBeacon PLC, a medical technology firm, to expand in the home health and wellness market. The acquisition aims to strengthen the company's participation in the home medical category and drive growth through in-home healthcare management tools. The acquisition is expected to increase shareholder value over time. The company also announced key leadership changes to drive global expansion of the business.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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Rhea-AI Summary
Hamilton Beach Brands Holding Company (NYSE: HBB) declares a $0.11 per share cash dividend payable on December 15, 2023, and approves a stock repurchase program of up to $25 million of the Company's outstanding Class A Common Stock effective January 1, 2024, through December 31, 2025. The previously authorized share buyback program was for up to $25 million through December 31, 2023, with 400,698 shares repurchased for $4.5 million. The new repurchase program's timing and amount will be determined by the Company's management based on various factors, and it may be modified, suspended, extended, or terminated at any time without prior notice.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.93%
Tags
buyback dividends
Rhea-AI Summary
Hamilton Beach Brands Holding Company (NYSE: HBB) announced its results for the third quarter of 2023. Total revenue grew 1.9% to $153.6 million compared to $150.8 million in the same period last year. Gross profit margin expanded by 300 basis points to 26.1%. Operating profit increased to $14.4 million from $9.4 million. Cash flow from operating and investing activities improved to $66.2 million from a use of $41.7 million. Net debt decreased to $49.7 million from $144.5 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.28%
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Rhea-AI Summary
Hamilton Beach Brands Holding Company will release its 2023 third quarter financial results and file its 10-Q on November 1, 2023. A conference call to discuss the results will be held on November 2, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.75%
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Rhea-AI Summary
Hamilton Beach Brands Holding Company declares regular cash dividend of $0.11 per share.
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Rhea-AI Sentiment
End-of-Day
5.81%
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dividends
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Rhea-AI Sentiment
End-of-Day
0.66%
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conferences
Hamilton Beach Brands Holding Co

NYSE:HBB

HBB Rankings

HBB Stock Data

326.58M
5.92M
37.29%
42.15%
0.81%
Audio and Video Equipment Manufacturing
Manufacturing
Link
United States
Glen Allen

About HBB

hamilton beach brands, inc. is a leading designer, marketer and distributor of small electric household appliances, specialty food processing and food preservation equipment, as well as commercial products for restaurants, bars and hotels. hamilton beach and weston brands products can be found in households and business throughout the world. hamilton beach brands, inc. is a wholly-owned subsidiary of nacco industries, inc. (nyse: nc), and is headquartered in richmond, virginia. information on innovative hamilton beach®, proctor silex®, trueair®, hamilton beach® commercial and weston brands, products can be found online at www.hamiltonbeach.com, www.proctorsilex.com,www.westonproducts.com and www.commercial.hamiltonbeach.com. our vision to be the leading supplier of small appliances. our mission profitable growth from innovative solutions that improve everyday living. our values: the customer consistently meet or exceed the needs of our internal and external customers. peop