Hamilton Beach B - HBB STOCK NEWS

Hamilton Beach Brands reported strong revenue growth of 11.8% to $154.7 million in Q2 2021, attributed to increasing demand across all markets. However, operating profit fell to $0.9 million due to rising transportation, material, and labor costs. Gross profit margin dipped to 18.4% from 25.5% the previous year. The company is experiencing supply chain disruptions affecting product availability. Despite challenges, demand for small appliances is expected to remain robust, with plans to introduce 130 new products over the next two years.

Hamilton Beach Brands Holding Company (NYSE: HBB) will release its 2021 second quarter financial results and file its 10-Q after market close on August 4, 2021. A conference call is scheduled for August 5, 2021, at 9:30 a.m. Eastern Time to discuss the results. Investors can access the call via phone or through a live webcast on the company’s website, with a recording available afterward. Hamilton Beach designs and distributes various small household appliances and commercial products, holding well-known brands like Hamilton Beach®, Proctor Silex®, and others.

Hamilton Beach Brands and HealthBeacon Limited announced a strategic partnership to launch a smart Injection Care Management System (ICMS) in the U.S. and Canada, branded as Hamilton Beach Health. The system features the Smart Sharps Bin and a companion app to aid medication management and safe disposal of sharps. Hamilton Beach will exclusively market the system through direct-to-consumer and retail channels. HealthBeacon will manage manufacturing and data. This partnership aims to address the growing need for safe sharps disposal and medication adherence, tapping into a projected global biologics market worth $380 billion by 2024.

Hamilton Beach Brands has secured a multiyear trademark licensing agreement with The Clorox Company to introduce a range of premium air purifiers under the Clorox brand. Scheduled for launch in 2021 and 2022, these air purifiers will claim to eliminate 99.97% of allergens, addressing consumer demand amplified by health concerns. Market distribution will span the U.S., Canada, and Mexico, with prices ranging from $89.99 to $229.99. This partnership aims to enhance both companies' positions in the growing home health and wellness market, which has seen significant demand amid the Covid-19 pandemic.

Hamilton Beach Brands Holding Company (NYSE: HBB) announced that key executives will participate in the Baird 2021 Global Consumer, Technology & Services Conference from June 8-10, 2021. The company's presentation is set for June 9 at 11:25 a.m. ET, and will be accessible via live webcast on their website. Notable participants include CEO Gregory H. Trepp, CFO Michelle O. Mosier, and SVP Scott Tidey. Hamilton Beach is a leader in small electric appliances and provides commercial products for food service industries. Visit www.hamiltonbeachbrands.com for more info.

The Board of Directors of Hamilton Beach Brands Holding Company (HBB) announced a 5% increase in its quarterly cash dividend, raising it from $0.095 to $0.10 per share. This dividend is scheduled for payment on June 15, 2021, for stockholders recorded as of June 1, 2021. The company continues to show confidence by increasing shareholder returns, bolstering its commitment to providing value to investors.

Hamilton Beach Brands Holding Company (HBB) reported a 23.5% revenue increase to $149.2 million for Q1 2021, fueled by strong consumer demand in North America. The operating profit rose to $5.3 million, with net income from continuing operations at $2.9 million or $0.21 per diluted share. Ecommerce sales surged 59%, contributing 35% to total revenue. However, net debt increased to $101.2 million as of March 31, 2021. The company remains optimistic about future growth despite challenges in supply chain and material costs.

Hamilton Beach Brands Holding Company (NYSE: HBB) announced it will release its 2021 First Quarter financial results on May 5, 2021, after market close. A conference call to discuss these results is scheduled for May 6, 2021, at 9:30 a.m. (ET). Investors can participate by calling (833) 227-5844 or visiting the company’s website for a live webcast. The company is known for its range of small household and commercial appliances under various consumer brands. For more details, visit Hamilton Beach.

Hamilton Beach Brands Holding Company (NYSE: HBB) reported a 14.4% revenue increase to $234.0 million in Q4 2020, attributed to strong consumer demand in the US and Canada. Operating profit grew by 49% to $28.4 million, and net income rose to $19.4 million ($1.40 per diluted share). However, full-year revenue decreased by 1.3% to $603.7 million. The company anticipates continued strong demand in 2021 and plans to expand its ecommerce and premium product offerings. A restructuring toward a licensing model in select international markets was also announced.