Hamilton Beach B Stock Price, News & Analysis

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.

Hamilton Beach Brands Holding Company (NYSE: HBB) announced a cash dividend of $0.105 per share, effective for both Class A and Class B Common Stock. The dividend will be paid on March 15, 2023, to stockholders on record as of March 3, 2023. This distribution reflects the company's commitment to returning value to its shareholders, reinforcing investor confidence.

Hamilton Beach Brands Holding Company (NYSE: HBB) has appointed Sally M. Cunningham as Senior Vice President and Chief Financial Officer, effective March 17, 2023. She will join the company on February 13, 2023, as Senior Financial Advisor. Cunningham brings extensive finance experience from her previous roles, including as CFO at Synalloy Corporation. The company's interim CFO, Linda J. Woermer, will serve until Cunningham assumes her role. Cunningham's expertise is expected to enhance Hamilton Beach's financial strategy and growth initiatives, focusing on revenue expansion and strong cash flow generation.

Hamilton Beach Brands Holding Company (NYSE: HBB) has declared a regular cash dividend of $0.105 per share, payable on December 15, 2022. This dividend applies to both Class A and Class B Common Stock and will benefit stockholders of record as of the close of business on December 1, 2022. The company is a prominent player in the small electric kitchen appliance market, with a diverse portfolio of consumer and commercial brands.

Hamilton Beach Brands Holding Company (NYSE: HBB) announced the resignation of CFO Michelle O. Mosier, effective January 13, 2023. Mosier will take on the Chief Financial Executive role at another public firm. CEO Gregory H. Trepp recognized her contributions and leadership, highlighting her role in positioning the company for growth. The company will initiate a search for her successor immediately. Hamilton Beach is known for its diverse range of household and commercial appliances, with brands including Hamilton Beach® and Proctor Silex®.

Hamilton Beach Brands Holding Company (NYSE: HBB) reported a 3.8% decrease in revenue for Q3 2022, totaling $150.8 million. This decline was attributed to lower consumer sales, though commercial sales increased by 35.8%. Operating profit rose to $9.4 million, partly due to improved gross profit margins and reduced SG&A expenses. The company anticipates a slight revenue decrease for the full year but expects a significant rise in operating profit. E-commerce sales accounted for 34.5% of total revenue, highlighting a growing demand in this segment.

Hamilton Beach Brands Holding Company (HBB) is set to release its 2022 third quarter financial results and file its 10-Q on November 2, 2022, after market close. A conference call to discuss the results will take place on November 3, 2022, at 9:30 a.m. ET. Interested participants can join the call by dialing 888-350-3452 (toll-free) or 647-362-9199 for international calls. The call will also be available via webcast on the company’s website.

Hamilton Beach Brands Holding Company (NYSE: HBB) announced a regular cash dividend of $0.105 per share, payable on September 15, 2022. Stockholders of record as of the close of business on September 1, 2022, will receive this dividend on both Class A and Class B Common Stock. The company, known for its extensive range of small electric appliances and commercial products, continues to demonstrate its commitment to returning value to its shareholders.