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Hamilton Beach Brands Holding Company reports news on a branded small-appliance and specialty housewares business serving consumer and commercial markets. The company designs, markets and distributes products under owned brands including Hamilton Beach, Proctor Silex, Weston, Hamilton Beach Professional, Lotus, Hamilton Beach Commercial and Proctor Silex Commercial, and it also licenses brands for selected garment care and home-appliance categories.
Recurring updates include quarterly and annual results, gross margin and revenue trends, consumer demand, commercial product activity, healthcare-management devices and software through Hamilton Beach Health, and capital returns through dividends and Class A common stock repurchases. Company announcements also cover investor presentations and agreements to design, sell, market and distribute Numilk plant-based milk makers and Sunkist commercial juicers and sectionizers.
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.
Hamilton Beach Brands Holding Company (NYSE: HBB) will release its 2020 Fourth Quarter and Full Year financial results on March 16, 2021, after market close. A conference call to discuss the results is scheduled for March 17, 2021, at 9:30 a.m. ET. Investors can join via telephone or listen to a live webcast on the company’s website, with an archive available later. Hamilton Beach is a prominent supplier of household and commercial appliances, known for its brands like Hamilton Beach®, Proctor Silex®, and Bartesian®.
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.