Hamilton Beach B Stock Price, News & Analysis

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.

Hamilton Beach Brands Holding Company (HBB) reported a 15.5% decline in Q4 2021 revenue to $197.8 million, following record high revenue in Q4 2020 due to backlog fulfillment and supply chain constraints. Despite this, full-year 2021 revenue reached a record $658.4 million, a 9.1% increase. The company expects modest revenue growth in 2022, driven by strategic initiatives and new product launches in home health and wellness, alongside ongoing challenges from supply chain issues and rising costs. Net income for 2021 was $21.3 million or $1.53 per diluted share.

Hamilton Beach Brands Holding Company (NYSE: HBB) will announce its 2021 fourth quarter financial results and file its 10-K after market close on March 9, 2022. A conference call is scheduled for March 10, 2022, at 9:30 a.m. ET to discuss these results. Investors and analysts can access the call via telephone or through a live webcast available on the company's website. This communication provides updates on key upcoming financial disclosures for stakeholders.