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.
Hamilton Beach Brands Holding Company reports news on a branded small-appliance and specialty housewares business serving consumer and commercial markets. The company designs, markets and distributes products under owned brands including Hamilton Beach, Proctor Silex, Weston, Hamilton Beach Professional, Lotus, Hamilton Beach Commercial and Proctor Silex Commercial, and it also licenses brands for selected garment care and home-appliance categories.
Recurring updates include quarterly and annual results, gross margin and revenue trends, consumer demand, commercial product activity, healthcare-management devices and software through Hamilton Beach Health, and capital returns through dividends and Class A common stock repurchases. Company announcements also cover investor presentations and agreements to design, sell, market and distribute Numilk plant-based milk makers and Sunkist commercial juicers and sectionizers.
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Hamilton Beach Brands Holding Company (NYSE: HBB) has announced the release of its 2023 first quarter financial results along with the filing of its 10-Q for the quarter ending March 31, 2023. This announcement will take place after the market closes on May 3, 2023. A conference call will be held on May 4, 2023, at 9:30 a.m. ET to discuss these results. Interested participants can join the call via telephone or listen to the live webcast available on the company’s website. Hamilton Beach is known for its diverse range of small electric appliances, serving both consumer and commercial markets. The company manages several well-known brands such as Hamilton Beach®, Proctor Silex®, and others.
Hamilton Beach Brands Holding Company (NYSE: HBB) reported Q4 2022 revenue of $196.2 million, nearly flat compared to Q4 2021, with a notable operating profit decline to $11.3 million from $17.9 million due to gross margin contraction. Full-year revenue decreased by 2.6% to $640.9 million, the second highest in its history. The company anticipates flat revenue for 2023 and an increase in operating profit excluding a $10 million insurance recovery. Demand for small kitchen appliances is expected to decrease moderately, particularly in the first half of 2023, as consumers adjust to economic concerns.
Hamilton Beach Brands Holding Company (NYSE: HBB) announced an exclusive multiyear agreement with Numilk to manufacture and sell appliances for non-dairy milk production. The collaboration will focus on creating next-generation appliances expected to launch in early 2024. The market for plant-based milks is rapidly growing, with global sales around $20 billion and U.S. sales anticipated to rise by 10% annually. Scott Tidey, senior vice president of global sales at Hamilton Beach, expressed excitement about the partnership, which aims to deliver high-quality, fresh non-dairy milk solutions while reducing environmental impact.
Hamilton Beach Brands Holding Company (NYSE: HBB) has announced that it will release its 2022 fourth quarter financial results and file its 10-K after market close on March 9, 2023. A conference call to discuss the results is scheduled for March 10, 2023, at 9:30 a.m. ET. Interested participants can join the call by dialing 888-350-3452 (toll-free) or through the webcast available on the company’s website. Hamilton Beach Brands operates a range of brands, including Hamilton Beach® and Proctor Silex®, focusing on small electric household appliances and commercial products.