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.
News about Hamilton Beach Brands Holding Company (NYSE: HBB) centers on its activities as a designer, marketer, and distributor of brand-name small electric household and specialty housewares appliances, commercial products for restaurants, fast food chains, bars, and hotels, and connected devices and software for healthcare management. Company announcements frequently provide insight into how these businesses are performing and evolving.
Investors following HBB news will see regular earnings releases, where the company reports revenue trends, gross margin changes, operating profit, and cash flow for its consumer, commercial, and health-related operations. These releases often discuss the impact of tariffs, sourcing diversification, and changes in customer mix, as well as contributions from Hamilton Beach Health and HealthBeacon. They also summarize how U.S. Consumer, Commercial, and Health businesses are affecting overall results.
Hamilton Beach Brands’ news flow also includes dividend declarations and updates on its share repurchase programs. The company has announced regular cash dividends on its Class A and Class B common stock and has described multiyear authorizations to repurchase Class A shares, with details on the size and timing of these programs.
Additional news items cover conference call schedules, the filing dates for quarterly reports on Form 10-Q, and participation in investor conferences, where management presents investor materials and discusses the business. For readers tracking HBB, this news page provides a centralized view of financial results, capital allocation decisions, and strategic developments across its appliance and health-focused operations.
Hamilton Beach Brands (NYSE: HBB) reported strong financial results for Q4 and full year 2024. Full-year revenue increased 4.6% to $654.7 million, with gross margin expanding 300 basis points to 26.0%. Operating profit grew 23.1% to $43.2 million.
Fourth quarter showed revenue growth of 3.3% to $213.5 million, though operating profit decreased 5.7% to $23.6 million. The company generated robust cash flow from operations of $65.4 million in 2024. Notable achievements include the acquisition of HealthBeacon, contributing $4.3 million in revenue, and ending the year with a net cash position of $0.6 million.
For 2025 outlook, HBB expects to outperform industry growth with revenue approaching mid-single digit range and operating profit increasing at a faster rate than revenue.
Hamilton Beach Brands Holding Company (NYSE: HBB) has announced it will release its 2024 fourth quarter and full year financial results and file its 10-K after market close on Wednesday, February 26, 2025. The company will host a conference call on the same day at 4:30 p.m. (Eastern Time) to discuss the results.
Investors can access the conference call via telephone using the toll-free number 888-350-3452 (International: 646-960-0369) with Conference ID 1809480. The call will also be webcast live through the company's website at www.hamiltonbeachbrands.com under the Investors tab in the Events & Presentations section.
Hamilton Beach Brands Holding Company (NYSE: HBB) has declared a regular cash dividend of $0.115 per share for both Class A and Class B Common Stock. The dividend will be paid on March 14, 2025, to stockholders of record as of March 3, 2025.
HBB is a leading designer, marketer, and distributor of brand name small electric household and specialty housewares appliances, as well as commercial products. The company owns several consumer brands including Hamilton Beach®, Proctor Silex®, and Weston®, along with commercial brands. In 2024, its Hamilton Beach Health subsidiary acquired HealthBeacon, a medical technology firm specializing in connected devices.
Hamilton Beach Brands Holding Company (NYSE: HBB) has announced its participation in the 27th ICR Investor Conference, scheduled for January 13-15, 2025, in Orlando, Florida. The company's presentation will be delivered on January 13, 2025, at 9:00 a.m. Eastern Time, featuring President and CEO R. Scott Tidey and CFO Sally M. Cunningham.
The presentation will be accessible via webcast through the company's Investor Relations website. Hamilton Beach Brands is a leading designer, marketer, and distributor of branded small electric household and specialty housewares appliances. The company owns several consumer brands including Hamilton Beach®, Proctor Silex®, and Weston®, along with commercial brands. In 2024, its Hamilton Beach Health subsidiary acquired HealthBeacon, a medical technology firm specializing in connected devices, marking its expansion into the home health market.
Hamilton Beach Brands Holding Company (NYSE: HBB) has declared a regular quarterly cash dividend of $0.115 per share for both Class A and Class B Common Stock. The dividend will be paid on December 13, 2024, to stockholders of record as of December 2, 2024. The company operates as a leading designer, marketer, and distributor of branded small electric household appliances, specialty housewares, and commercial products. Their portfolio includes owned consumer brands like Hamilton Beach®, Proctor Silex®, and commercial brands, along with licensed brands such as Wolf Gourmet® and CHI®.
Hamilton Beach Brands Holding Company (NYSE: HBB) has expanded its Board of Directors from 11 to 13 members with the immediate appointment of April L. Lane and Bela S. Mehta. Lane, currently Chief Merchandising Officer at Thrive Market, brings extensive e-commerce experience from roles at Hearst , Amazon, Brands, and Nike. Mehta, Managing Partner at CITG Capital Partners and President of Little Switzerland, contributes financial and operating expertise from her extensive private equity background.
Hamilton Beach Brands reported Q3 2024 results with revenue increasing 2.0% to $156.7 million compared to Q3 2023. Gross profit margin expanded by 190 basis points to 28.0%. Operating profit decreased to $10.6 million from $14.4 million, primarily due to increased SG&A expenses. The company completed the acquisition of HealthBeacon, contributing $1.2 million in new revenue. Net income was $1.9 million ($0.14 per diluted share), compared to $10.3 million ($0.74 per diluted share) in Q3 2023. The company maintains its outlook for 2024, expecting modest revenue growth and significant operating profit increase.
Hamilton Beach Brands Holding Company (NYSE: HBB) has announced it will release its 2024 third quarter financial results and file its 10-Q after market close on Wednesday, October 30, 2024. The company will host a conference call on Thursday, October 31, 2024, at 9:30 a.m. (Eastern Time) to discuss the results. Investors can access the call via telephone using the toll-free number 888-350-3452 or internationally at 647-362-9199 with Conference ID 1809480. A live webcast will also be available on the company's investor relations website.
Hamilton Beach Brands Holding Company (NYSE: HBB) has announced a significant leadership change. Gregory H. Trepp, the current CEO, will retire on December 31, 2024. He will step down from his position and the Board of Directors on September 30, 2024. R. Scott Tidey, currently the President, will succeed Trepp as President and CEO, effective October 1, 2024.
Tidey, with 31 years of experience at the company, has been chosen for his proven executive leadership and successful execution of strategic priorities. The change is part of a long-standing succession plan. Trepp will serve as an Advisor to the CEO until his retirement to ensure a smooth transition.
The company highlights its recent successes, including sales and market share growth of core brands, increasing premium market share, growing presence in the global commercial market, progress in e-commerce, and the creation of a global home healthcare solutions business.
Hamilton Beach Brands Holding Company (NYSE: HBB) has announced a regular cash dividend of $0.115 per share, applicable to both Class A and Class B Common Stock. The dividend will be paid on September 13, 2024, to stockholders of record as of September 3, 2024. HBB is a leading designer, marketer, and distributor of branded small electric household appliances, specialty housewares, and commercial products. The company owns several consumer and commercial brands, including Hamilton Beach®, Proctor Silex®, and Weston®. Additionally, HBB licenses brands such as Wolf Gourmet® and CHI®, and has exclusive agreements for Bartesian® cocktail makers and Numilk® plant-based milk makers. In February 2024, HBB's subsidiary Hamilton Beach Health acquired HealthBeacon, expanding its presence in the home health market.
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