Hamilton Beach Brands Company (HBB) Q2 2025 Earnings Call July 30, 2025 04:30 PM ET Speaker0Thank you for standing by. At this time, I would like to welcome everyone to today's Hamilton Beach Brands Second Quarter twenty twenty five Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer session. Thank you.So without further ado, I would like to turn the call over to Brendan Frey, Partner with ICR. Brendan ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _______________________________________________________________________________________________________________________________________________________________________________________________________ FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE AC ...

HAMILTON BEACH BRANDS HOLDING COMPANY ANNOUNCES SECOND QUARTER 2025 RESULTS Glen Allen, Virginia - Hamilton Beach Brands Holding Company (NYSE: HBB) (The Company) today announced results for the second quarter of 2025. Second Quarter 2025 Overview "The second quarter presented challenges as significant trade disruptions from new tariff measures impacted the broader industry," said R. Scott Tidey, President and Chief Executive Officer. "Our team responded swiftly with strategic actions, including acceleratin ...

GLEN ALLEN, Va., July 23, 2025 /PRNewswire/ -- Hamilton Beach Brands Holding Company (NYSE: HBB) announced today that it will release its 2025 second quarter financial results and file its 10-Q for the quarter ended June 30, 2025, after the market close on Wednesday, July 30, 2025.The Company will host a conference call on Wednesday, July 30, 2025, to discuss its results.  Conference Call:      Wednesday, July 30, 2025 Time:                        4:30 p.m. (Eastern Time) Telephone:                ...

Company Overview - Hamilton Beach Brands Holding Company (NYSE: HBB) is recognized as a producer and seller of small electric household and specialty housewares, which has been assigned a soft 'buy' rating [1]. Industry Insights - Crude Value Insights provides an investment service and community that focuses on oil and natural gas, emphasizing cash flow and the companies that generate it, which leads to value and growth prospects with real potential [1]. - Subscribers to Crude Value Insights benefit from a 50+ stock model account, in-depth cash flow analyses of exploration and production (E&P) firms, and live chat discussions about the sector [2].

Shares of Hamilton Beach Brands Holding Company (HBB) have declined 23.2% since reporting results for the first quarter of 2025. This compares with the S&P 500 index’s 0.63% growth over the same time frame. Over the past month, the stock has declined 16.3% against the S&P 500’s 3.4% rally.Earnings Rebound on Higher Margins & Improved VolumeIn the first quarter ended March 31, 2025, Hamilton Beach reported revenues of $133.4 million, up 4% from $128.3 million in the same period last year. Gross profit rose 9 ...

Hamilton Beach Brands Company (HBB) Q1 2025 Earnings Call April 30, 2025 04:30 PM ET Company Participants Brendon Frey - PartnerR. Scott Tidey - President & CEOSally Cunningham - Senior VP, CFO & TreasurerAdam Bradley - Founder & CIO Operator Thank you for standing by. At this time, I would like to welcome everyone to today's Hamilton Beach Brands First Quarter twenty twenty five Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there ...

[Part I. FINANCIAL INFORMATION](index=4&type=section&id=Part%20I.%20FINANCIAL%20INFORMATION) [Item 1. Financial Statements](index=4&type=section&id=Item%201.%20Financial%20Statements) The Q1 2025 financial statements show a return to profitability driven by revenue growth and margin expansion [Consolidated Balance Sheets](index=4&type=section&id=Consolidated%20Balance%20Sheets) Total assets grew to $418.0 million, driven by higher inventory and cash, with a corresponding rise in liabilities Consolidated Balance Sheet Highlights (in thousands) | Account | March 31, 2025 | March 31, 2024 | | :--- | :--- | :--- | | **Total current assets** | $313,448 | $262,291 | | Inventory | $165,890 | $133,523 | | **Total assets** | $418,020 | $368,950 | | **Total current liabilities** | $158,838 | $126,194 | | **Total liabilities** | $254,839 | $223,543 | | **Total stockholders' equity** | $163,181 | $145,407 | [Consolidated Statements of Operations](index=5&type=section&id=Consolidated%20Statements%20of%20Operations) The company achieved a net income of $1.8 million in Q1 2025, reversing a $1.2 million loss from the prior year Q1 2025 vs Q1 2024 Performance (in thousands, except per share data) | Metric | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Revenue | $133,372 | $128,277 | | Gross Profit | $32,771 | $30,054 | | Operating Profit (Loss) | $2,313 | $(943) | | Net Income (Loss) | $1,805 | $(1,162) | | Diluted EPS | $0.13 | $(0.08) | [Consolidated Statements of Cash Flows](index=7&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) Operating cash flow decreased to $6.6 million due to investments in inventory and changes in trade receivables Cash Flow Summary (in thousands) | Activity | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Net cash provided by (used for) operating activities | $6,620 | $19,701 | | Net cash provided by (used for) investing activities | $(516) | $(6,749) | | Net cash provided by (used for) financing activities | $(4,958) | $(2,085) | [Notes to Unaudited Consolidated Financial Statements](index=9&type=section&id=Notes%20to%20Unaudited%20Consolidated%20Financial%20Statements) Key notes detail a new two-segment reporting structure, the HealthBeacon acquisition, and a supplier finance program - The company's operations are now managed and reported in two segments: (1) Home and Commercial Products and (2) Health[21](index=21&type=chunk) - On February 2, 2024, the company acquired HealthBeacon PLC for approximately **$7.5 million** in cash, now part of the Health segment[55](index=55&type=chunk) - The company has a supplier finance program for accounts payable, with **$66.9 million** in outstanding payment obligations[30](index=30&type=chunk) Disaggregated Revenue for Q1 (in thousands) | Type of good or service | 2025 | 2024 | | :--- | :--- | :--- | | Consumer products | $117,335 | $112,750 | | Commercial products | $12,292 | $13,453 | | Licensing | $2,560 | $1,615 | | Leasing | $1,185 | $459 | | **Total revenues** | **$133,372** | **$128,277** | [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=17&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management attributes improved Q1 performance to favorable product mix, volume growth, and the HealthBeacon acquisition Q1 2025 vs Q1 2024 Results Summary (in thousands) | Metric | Q1 2025 | Q1 2024 | $ Change | % Change | | :--- | :--- | :--- | :--- | :--- | | Revenue | $133,372 | $128,277 | $5,095 | 4.0% | | Gross profit | $32,771 | $30,054 | $2,717 | 9.0% | | Operating profit (loss) | $2,313 | $(943) | $3,256 | n/m | | Net income (loss) | $1,805 | $(1,162) | $2,967 | n/m | - Revenue growth was driven by favorable product mix and increased volume, with the HealthBeacon acquisition contributing **$1.5 million**[68](index=68&type=chunk) - Gross profit margin increased to **24.6%** from 23.4% due to favorable product mix and the higher-margin HealthBeacon business[69](index=69&type=chunk) - As of March 31, 2025, the company had **$72.6 million** in excess availability under its revolving credit facility[79](index=79&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=21&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company manages interest rate and foreign currency risks using swaps and forward contracts with limited financial impact - To manage interest rate risk, the company has interest rate swaps with notional values of **$50.0 million** as of March 31, 2025[81](index=81&type=chunk)[88](index=88&type=chunk) - A hypothetical 10% relative decrease in interest rates would cause a **$0.1 million** decrease in the fair value of interest rate swap agreements[89](index=89&type=chunk) - The company uses forward foreign currency exchange contracts to reduce risks from transactions in Canadian dollars, Mexican pesos, Chinese yuan, and Euros[90](index=90&type=chunk)[91](index=91&type=chunk) - A hypothetical 10% weakening of the U.S. dollar would decrease the fair value of foreign currency-sensitive financial instruments by **$2.0 million**[92](index=92&type=chunk) [Controls and Procedures](index=22&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective, excluding the recently acquired HealthBeacon - The CEO and CFO concluded that the company's disclosure controls and procedures were **effective** as of March 31, 2025[94](index=94&type=chunk) - HealthBeacon, acquired in February 2024, has been excluded from the assessment of internal control over financial reporting for this quarter[96](index=96&type=chunk) [Part II. OTHER INFORMATION](index=23&type=section&id=Part%20II.%20OTHER%20INFORMATION) [Legal Proceedings](index=23&type=section&id=Item%201.%20Legal%20Proceedings) The company is involved in ordinary course legal proceedings not expected to have a material adverse effect - Information regarding legal proceedings is detailed in Note 6, 'Contingencies', of the financial statements[98](index=98&type=chunk) - As of March 31, 2025, accrued obligations for environmental matters were **$3.4 million**[50](index=50&type=chunk)[52](index=52&type=chunk) [Risk Factors](index=23&type=section&id=Item%201A.%20Risk%20Factors) The company highlights significant risk from U.S. tariffs on Chinese goods, as three-fourths of its suppliers are in China - A key risk is government trade actions, as approximately **three-fourths of the company's suppliers are based in China**, making many products subject to Section 301 tariffs[100](index=100&type=chunk) - Mitigation strategies include reviewing sourcing options outside of China, filing for tariff exclusions, and working with suppliers and customers[100](index=100&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=23&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company repurchased 180,556 shares for $3.4 million in Q1 2025, with $8.8 million remaining in its buyback program Issuer Purchases of Equity Securities (Q1 2025) | Period | Total Shares Purchased | Average Price Paid per Share | Shares Purchased as Part of Program | Maximum Value Remaining for Purchase | | :--- | :--- | :--- | :--- | :--- | | Jan 2025 | 31,732 | $16.51 | 31,732 | $10,924,841 | | Feb 2025 | 39,121 | $17.61 (1) | 0 | $10,924,841 | | Mar 2025 | 109,703 | $19.69 | 109,703 | $8,764,857 | | **Total** | **180,556** | **$18.98** | **141,435** | **$8,764,857** | - (1) February repurchases represent shares withheld for tax payments due upon issuance of stock to employees and were not part of the publicly announced program[101](index=101&type=chunk) - The stock repurchase program authorizes up to **$25 million** in purchases through December 31, 2025[37](index=37&type=chunk)[101](index=101&type=chunk) [Other Items (3, 4, 5, 6)](index=24&type=section&id=Other%20Items%20(3,%204,%205,%206)) The company reports no senior security defaults, mine safety issues, or new director/officer 10b5-1 trading plans - Item 3: No defaults upon senior securities were reported[105](index=105&type=chunk) - Item 4: No mine safety disclosures were made[106](index=106&type=chunk) - Item 5: No directors or officers adopted, modified, or terminated a Rule 10b5-1 trading arrangement[107](index=107&type=chunk)

Hamilton Beach Brands Company (HBB) Q1 2025 Earnings Call April 30, 2025 04:30 PM ET Speaker0 Thank you for standing by. At this time, I would like to welcome everyone to today's Hamilton Beach Brands First Quarter twenty twenty five Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a Q and A session. So without further ado, I would like to turn the call over to Brendan Frey, partner with ICR. Brendan, you have the floor. ...

CONTACT: Brendon Frey Brendon.frey@icrinc.com HAMILTON BEACH BRANDS HOLDING COMPANY ANNOUNCES FIRST QUARTER 2025 RESULTS Revenue Increased 4.0% to $133.4 Million Gross Margin Expanded 120 Basis Points to 24.6% Cash Flow from Operations was $6.6 Million Glen Allen, Virginia - Hamilton Beach Brands Holding Company (NYSE: HBB) (The Company) today announced results for the first quarter of 2025. First Quarter 2025 Overview "Our first quarter results reflect solid improvement over last year even in the face of s ...