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 (NYSE: HBB) delivers innovative small appliances and commercial solutions trusted by households and businesses for over a century. This news hub provides investors and industry professionals with essential updates on corporate developments shaping the home goods and foodservice equipment sectors.
Track HBB's latest financial announcements, product launches, and strategic partnerships through verified press releases and market analyses. Our curated collection includes earnings reports, leadership updates, and innovation milestones across three key areas: consumer kitchen appliances, commercial foodservice equipment, and connected health devices through Hamilton Beach Health.
Bookmark this page for real-time access to operational updates, regulatory filings, and industry trend analyses. Whether monitoring HBB's digital transformation initiatives or evaluating their premium product expansion, this resource simplifies tracking the company's evolving market position.
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.
Hamilton Beach Brands Holding Company (NYSE: HBB) has declared a cash dividend of $0.10 per share, payable on March 15, 2022, to stockholders of record by March 4, 2022. Additionally, the Board approved a new stock repurchase program allowing for the buyback of up to $25 million of Class A Common Stock until December 31, 2023. This follows a previous program that repurchased 364,893 shares for $6 million. Management will decide on specific repurchase amounts based on market conditions and capital availability.
Hamilton Beach Brands Holding Company (NYSE: HBB) announced a regular cash dividend of $0.10 per share, payable on December 15, 2021. This dividend applies to both Class A and Class B common stock, with stockholders of record as of December 1, 2021 eligible for payment. The company is renowned for its diverse range of small electric household and specialty appliances, serving both consumer and commercial markets.
Hamilton Beach Brands Holding Company (NYSE: HBB) reported a 41.8% increase in revenue for Q3 2021, totaling $156.7 million, with a positive operating profit of $7.4 million compared to a loss of $2.4 million in Q3 2020. The company anticipates strong demand for retail and commercial appliances into 2022, although global supply chain challenges may limit product availability. Notable growth in Latin America and e-commerce sales, which represented 31% of total revenue, highlights effective market strategies amid ongoing cost pressures.
Hamilton Beach Brands Holding Company (NYSE: HBB) will release its 2021 third quarter financial results and file its 10-Q report on November 3, 2021, after market close. The company will host a conference call on November 4, 2021, at 9:30 a.m. ET to discuss the results. Investors can access the call via telephone at 844-200-6205 (US) or 929-526-1599 (international) with access code 725382. A live webcast will also be available on the company's website.
Hamilton Beach Brands Holding Company will participate in the Jefferies 2021 Home Retail Summit on September 13, 2021. CEO Gregory H. Trepp, CFO Michelle O. Mosier, and SVP of Consumer Sales and Marketing R. Scott Tidey will discuss 'Evolving Consumer Preferences in Appliances & Electronics' from 11 a.m. to 11:45 a.m. ET. The session will be webcast live, accessible via the conference and the company's website. Investors can arrange meetings with the team during the summit.
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