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 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.
Hamilton Beach Brands Holding Company (NYSE: HBB) will participate in the Midwest IDEAS Investor Conference on August 24-25, 2022, in Chicago. CEO Gregory H. Trepp and CFO Michelle O. Mosier are scheduled to present on August 24 at 10:15 a.m. Central Time. The presentation will be accessible via webcast through the company's Investor Relations website and the conference host's site. Hamilton Beach Brands is known for a variety of small household and commercial appliances.
Hamilton Beach Brands Holding Company (HBB) reported a 4.6% revenue decline to $147.5 million in Q2 2022, attributed to decreased consumer market sales, partially offset by a 37.3% rise in global commercial sales.
Operating profit surged to $5.4 million, thanks to improved gross profit margins and reduced SG&A expenses. Despite a drop in year-to-date operating cash flow to -$25.5 million, the company expects modest revenue growth and significant operating profit increases for the full year. Key strategic initiatives focus on premium market expansion, global growth, and digital transformation.
Hamilton Beach Brands Holding Company (HBB) will announce its 2022 second quarter financial results on August 3, 2022, after market close. The earnings report will include its 10-Q filing for the quarter ending June 30, 2022. A conference call is scheduled for August 4, 2022, at 11:00 a.m. ET to discuss the financial outcomes. Investors can access the conference call via telephone at 844-200-6205 (U.S.) or 929-526-1599 (international) with access code 733621.
Hamilton Beach Brands Holding Company (NYSE: HBB) announced a 5% increase in its quarterly cash dividend, raising it from $0.10 to $0.105 per share. This adjustment reflects the company's commitment to providing returns to its shareholders. The new dividend will be payable on June 15, 2022, to shareholders of record by June 1, 2022. Hamilton Beach Brands is known for its wide range of small electric household appliances and has a strong brand presence in both consumer and commercial markets.
Hamilton Beach Brands Holding Company (NYSE: HBB) reported Q1 2022 revenue of $146.4 million, a 1.9% decline from Q1 2021, attributed to softer demand. Operating profit surged to $12.7 million, aided by a $10 million insurance recovery. The company anticipates modest annual revenue growth, supported by solid demand for small kitchen appliances, particularly in global markets. However, challenges include rising product costs and supply chain issues. Net income increased to $7.2 million, or $0.51 per diluted share. The firm is focusing on launching new products in health and wellness, aiming for long-term value creation.
Hamilton Beach Brands Holding Company (NYSE: HBB) will release its 2022 first quarter financial results and file the 10-Q for the quarter ending March 31, 2022, post-market on May 4, 2022. A conference call is scheduled for May 5, 2022, at 9:30 a.m. ET to discuss the results. Investors can access the call via the company's website, where a webcast archive will also be available.
Hamilton Beach Brands, Inc. has launched the first products in its new line of premium air purifiers under the Clorox® brand, following a multiyear licensing agreement with The Clorox Company. This initiative aims to expand Hamilton Beach's footprint in the rapidly growing home health and wellness market, which was valued at approximately $1.1 billion for air purifiers in the U.S. in 2021. The initial offerings include a Clorox® Large Room True HEPA Air Purifier and a Clorox® Tabletop True HEPA Air Purifier, available through major retailers. More products are expected soon.
Hamilton Beach Brands, a subsidiary of Hamilton Beach Brands Holding Company (NYSE: HBB), has entered into an exclusive multiyear trademark licensing and product development agreement with Brita, a leader in at-home water filtration. This partnership aims to launch a new line of countertop water appliances later this year, promoting sustainable water filtration solutions. The collaboration is expected to tap into the growing demand for home health and wellness products, a market valued in the multibillion-dollar range. The agreement aligns with Hamilton Beach's strategy to innovate and expand its product offerings in health-focused categories.
Hamilton Beach Brands and HealthBeacon have launched the world’s first FDA cleared Smart Sharps Bin for managing injectable medications in the U.S. This innovative product is now available through a direct-to-consumer website and on Amazon. With a focus on enhancing patient care, the Smart Sharps Bin features intelligent reminders and secure disposal options. The companies anticipate expanding distribution further, including a launch in Canada planned for 2023. This partnership aims to support patients self-administering injections for chronic conditions.
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