Hamilton Beach B - HBB STOCK NEWS

Hamilton Beach Brands Holding Company (NYSE: HBB) declared a regular cash dividend of $0.095 per share, payable on March 16, 2021. This dividend applies to both Class A and Class B Common Stock, with a record date of March 8, 2021. Hamilton Beach is renowned for its extensive range of small electric household appliances and commercial products, including brands like Hamilton Beach, Proctor Silex, and Bartesian. This dividend announcement reflects the company's commitment to returning value to shareholders amidst its ongoing business operations.

Hamilton Beach Brands Holding Company (NYSE: HBB) announced participation in the 23rd Annual ICR Investor Conference, set for January 11-14, 2021. Key executives, including Gregory H. Trepp, Michelle O. Mosier, and Scott Tidey, will present on January 11, 2021, from 9:30 a.m. to 10:25 a.m. ET. A live webcast will be available at www.hamiltonbeachbrands.com. The company is well-known for its diverse range of small electric household appliances and commercial products.

Hamilton Beach Brands Holding Company (NYSE: HBB) has announced a cash dividend of $0.095 per share for both Class A and Class B Common Stock. This dividend will be payable on December 15, 2020, to shareholders of record as of December 1, 2020. This regular payment underlines the company's commitment to returning value to its shareholders, reflecting a consistent dividend policy.

Hamilton Beach Brands Holding Company (NYSE: HBB) reported a 26% decrease in Q3 2020 revenue, totaling $110.5 million, primarily due to challenges from a new ERP system and transportation constraints. The company recorded a net loss of $2.0 million compared to a profit of $0.6 million in Q3 2019. Despite these hurdles, demand for small kitchen appliances remains strong, with an expected revenue shift to Q4 2020. The company anticipates operating profit to increase by 20% in H2 2020, supported by a significant backlog for the holiday season.

Hamilton Beach Brands Holding Company (NYSE: HBB) will announce its 2020 Third Quarter financial results on November 9, 2020, after market close. A conference call to discuss these results is scheduled for November 10, 2020, at 9:30 a.m. ET. Investors can join the call via telephone or watch the webcast on the company’s website. Hamilton Beach Brands is a prominent designer, marketer, and distributor of small electric household appliances and commercial products. For more details, visit www.hamiltonbeachbrands.com.

On August 19, 2020, Hamilton Beach Brands Holding Company (NYSE: HBB) announced a 6% increase in its quarterly cash dividend, raising it from $0.09 to $0.095 per share. This adjustment translates to an annual rate of $0.38 per share. The dividend is scheduled for payment on September 15, 2020, to shareholders recorded by September 1, 2020. CEO Gregory H. Trepp emphasized that this decision reflects the company's robust cash flow and financial position, demonstrating commitment to delivering shareholder value.

Hamilton Beach Brands Holding Company (NYSE: HBB) announced participation in the Midwest IDEAS Investor Conference, scheduled for August 26-27, 2020. Key executives, including CEO Gregory H. Trepp and CFO Michelle O. Mosier, will deliver a prerecorded presentation available for viewing from 7:00 am CST on August 26. Accessible via the conference portal or the company’s website, this event highlights the company's strategic initiatives and market positioning. Hamilton Beach is renowned for its diverse range of small appliances and commercial products. For more details, visit www.hamiltonbeachbrands.com.

Hamilton Beach Brands reported a 5.5% increase in total revenue for Q2 2020, totaling $138.3 million, driven by strong demand in the US and Canada. Operating profit surged over 300% to $10.9 million, aided by tariff relief and reduced expenses. Net debt decreased to $40.2 million, showcasing improved cash flow. The company anticipates continued growth in the second half of 2020, expecting a 30% increase in operating profit compared to H2 2019. Ecommerce sales rose 77%, comprising 37% of total revenue.

Hamilton Beach Brands Holding Company (NYSE: HBB) will release its 2020 Second Quarter financial results and file its 10-Q on August 5, 2020, after market close. A conference call for discussion of these results is set for August 6, 2020, at 9:30 a.m. Eastern Time. Interested participants can register online for the call or access the live webcast via the company's Investor Relations website. Hamilton Beach is known for its diverse range of small electric household appliances and commercial products.