GLEN ALLEN, Va., May 10, 2024 /PRNewswire/ -- The Board of Directors of Hamilton Beach Brands Holding Company (NYSE: HBB) has approved a 4.5% increase in the Company's regular quarterly cash dividend, raising the quarterly amount from $0.11 per share to $0.115 per share. The dividend is payable on both the Class A and Class B Common Stock and will be paid June 14, 2024, to stockholders of record at the close of business on May 31, 2024. About Hamilton Beach Brands Holding CompanyHamilton Beach Brands Holdin ...

[Executive Summary & Highlights](index=1&type=section&id=Executive%20Summary%20%26%20Highlights) Overview of Q1 2024 performance, highlighting flat revenue, margin expansion, reduced loss, and debt reduction [First Quarter 2024 Highlights](index=1&type=section&id=First%20Quarter%202024%20Highlights) Q1 2024 highlights include flat revenue, expanded gross profit margin, reduced operating loss, and significant net debt reduction | Metric | Q1 2024 (Millions) | Q1 2023 (Millions) | Change | | :------------------------- | :----------------- | :----------------- | :----- | | Revenue | $128.3 | $128.3 | Flat | | Gross profit | $30.1 | $20.9 | +$9.2 | | Gross profit % of revenue | 23.4% | 16.3% | +710 bps | | Operating profit (loss) | $(0.9) | $(5.1) | +$4.2 | | Cash flow from operating activities | $19.7 | $34.9 | -$15.2 | | Total debt | $50.0 | $79.3 | -$29.3 | | Net debt | $23.7 | $77.1 | -$53.4 | - The Company's Hamilton Beach Health subsidiary completed the acquisition of HealthBeacon PLC, a medical technology company and strategic partner of the Company since 2021[3](index=3&type=chunk) - The Company affirmed its full year 2024 outlook of a modest increase in total revenue and a moderate increase in operating profit based on gross profit margin expansion and sees upside potential if consumer spending and retail sales remain strong[3](index=3&type=chunk) [Financial Performance Analysis](index=2&type=section&id=Financial%20Performance%20Analysis) Analysis of Q1 2024 financial results, detailing revenue, gross profit, operating expenses, and cash flow [First Quarter 2024 Results Overview](index=2&type=section&id=First%20Quarter%202024%20Results%20Overview) Total revenue flat at $128.3 million, driven by unit volume and mix, offsetting price declines, with mixed regional performance - Total revenue of **$128.3 million** was flat compared to the prior year period, benefiting from an **8% increase in unit volume** and a favorable product mix, offset by decreased selling prices[4](index=4&type=chunk) - Revenue increases in the Mexican and Latin American markets were offset by decreases in the U.S. and Canadian markets, with a slight increase in the Global Commercial market[4](index=4&type=chunk) - The acquisition of HealthBeacon on February 2, 2024, added a new revenue stream that was not material in the current quarter[4](index=4&type=chunk) [Detailed Income Statement Analysis](index=2&type=section&id=Detailed%20Income%20Statement%20Analysis) Gross profit rose to $30.1 million with 710 bps margin expansion, while SG&A increased, narrowing operating and net losses | Metric | Q1 2024 (Millions) | Q1 2023 (Millions) | Change | | :---------------------------------- | :----------------- | :----------------- | :----- | | Gross profit | $30.1 | $20.9 | +$9.2 | | Gross profit margin | 23.4% | 16.3% | +710 bps | | Selling, general and administrative expenses | $30.9 | $25.9 | +$5.0 | | Operating loss | $(0.9) | $(5.1) | +$4.2 | | Interest expense, net | $0.2 | $1.3 | -$1.1 | | Net loss | $(1.2) | $(4.8) | +$3.6 | | Diluted EPS | $(0.08) | $(0.34) | +$0.26 | - Gross profit margin expanded by **710 basis points** primarily due to lower product costs and a favorable product mix, partially offset by a **$0.7 million** non-cash lease impairment[5](index=5&type=chunk) - SG&A increase was approximately half due to HealthBeacon's expenses and **$1.0 million** in non-recurring transaction costs, and half due to increased employee-related costs[6](index=6&type=chunk) [Balance Sheet and Cash Flow Analysis](index=2&type=section&id=Balance%20Sheet%20and%20Cash%20Flow%20Analysis) Operating cash flow decreased to $19.7 million due to incentive timing; net debt significantly reduced to $23.7 million | Metric | Q1 2024 (Millions) | Q1 2023 (Millions) | Change | | :---------------------------------- | :----------------- | :----------------- | :----- | | Net cash provided by operating activities | $19.7 | $34.9 | -$15.2 | | Net working capital provided | $33.5 | $39.9 | -$6.4 | | Net debt (March 31) | $23.7 | $77.1 | -$53.4 | | Cash dividends paid | $1.5 | $1.5 | Flat | - The decrease in operating cash flow was primarily due to the payment of incentive compensation during Q1 2024, which was paid in Q2 2023 in the prior year[9](index=9&type=chunk) - The Company allocated its strong cash flow primarily to reduce net debt and return value to shareholders through the quarterly dividend[10](index=10&type=chunk) [Business Outlook & Strategic Initiatives](index=2&type=section&id=Business%20Outlook%20%26%20Strategic%20Initiatives) Outlines full-year 2024 financial outlook and details six strategic initiatives for long-term growth and margin expansion [Full Year 2024 Outlook](index=2&type=section&id=Full%20Year%202024%20Outlook) Reaffirmed 2024 outlook projects modest revenue growth and moderate operating profit increase, driven by margin expansion - The Company expects a **modest increase in full year 2024 revenue** compared to full year 2023[11](index=11&type=chunk) - The Company expects operating profit for the full year 2024 to **increase moderately** compared to the full year 2023 based on an expansion of gross profit margin[11](index=11&type=chunk) - The Company sees upside potential to its current outlook depending on the continued strength of consumer spending and retail orders, despite the retail marketplace for small kitchen appliances expected to be modestly below 2023[11](index=11&type=chunk) [Strategic Initiatives](index=2&type=section&id=Strategic%20Initiatives) Six strategic initiatives aim to drive revenue growth, expand margins, and generate strong cash flow, focusing on North American market - Progress with the Company's six strategic initiatives is expected to drive revenue growth, expand margins, and generate strong cash flow over time[12](index=12&type=chunk) - The initiatives are focused on increasing sales of innovative, higher priced, higher margin products in the Company's North American market[12](index=12&type=chunk) [Drive Core Growth](index=3&type=section&id=Drive%20Core%20Growth) Boosts Hamilton Beach and Proctor Silex brands in North America through innovation, placements, and digital marketing - Focuses on driving growth of Hamilton Beach and Proctor Silex brands in North America, based on quality, durability, and innovation[14](index=14&type=chunk) - Hamilton Beach is the **1 small kitchen appliance brand in the U.S.** based on units sold, with new products supported by digital, social media, and influencer marketing[14](index=14&type=chunk) [Gain Share in the Premium Market](index=3&type=section&id=Gain%20Share%20in%20the%20Premium%20Market) Expands premium market presence via owned brands, licensing, and exclusive distribution deals for high-end products - Aims to increase participation in the premium market through owned brands (Hamilton Beach Professional, Weston) and licensed brands (Wolf Gourmet, CHI, Clorox True HEPA, Brita Hub)[14](index=14&type=chunk) - Has exclusive multiyear agreements to design, sell, market, and distribute Bartesian cocktail makers and Numilk plant-based milk makers[14](index=14&type=chunk) [Accelerate Growth of Hamilton Beach Health](index=3&type=section&id=Accelerate%20Growth%20of%20Hamilton%20Beach%20Health) Targets home health market via HealthBeacon acquisition, offering connected devices, with 2025 profit contribution expected - Aims to increase participation in the large and fast-growing home health and wellness market, leveraging the Hamilton Beach Health brand created in 2021[14](index=14&type=chunk) - Acquired HealthBeacon PLC in February 2024, which develops digitally connected devices like the Smart Sharps Bin™ for managing chronic conditions with a subscription-based revenue model[14](index=14&type=chunk) - Hamilton Beach Health is expected to have an operating loss in 2024 due to investments and start-up phase, but is expected to contribute to operating profit in 2025, with growth plans including adding new patients and customers[14](index=14&type=chunk) [Lead in the Global Commercial Market](index=3&type=section&id=Lead%20in%20the%20Global%20Commercial%20Market) Maintains leadership in commercial appliances globally, focusing on differentiated products, new categories, and e-commerce - Leading provider of commercial small appliances to the foodservice and hospitality industries worldwide, driven by the Hamilton Beach brand's reputation[14](index=14&type=chunk) - Develops products for competitive advantage in blending/mixing and expansion into new categories, with **over 50% of revenue from outside the U.S.**[14](index=14&type=chunk) - Focuses on building strength in e-commerce, which is becoming increasingly important in the commercial market[14](index=14&type=chunk) [Accelerate Digital Transformation](index=3&type=section&id=Accelerate%20Digital%20Transformation) Enhances e-commerce capabilities through investments, retail collaboration, digital marketing, and direct-to-consumer shipping - Focuses on investments to gain share in the e-commerce market for consumer and commercial products, leveraging a well-developed e-commerce capability[14](index=14&type=chunk) - Collaborates with omnichannel and online-only retail customers and invests in robust digital marketing (online content, SEO, advertising, social media) to increase awareness and sell-through[14](index=14&type=chunk) - U.S. distribution center provides capability to ship small packages directly to consumers in partnership with retail customers[14](index=14&type=chunk) [Leverage Partnerships and Acquisitions](index=3&type=section&id=Leverage%20Partnerships%20and%20Acquisitions) Actively pursues strategic businesses, trademark licensing, alliances, and acquisitions to drive growth across all markets - Focused on identifying and securing businesses with a strategic fit to the Company's portfolio[15](index=15&type=chunk) - Actively engaged in the pursuit of additional trademark licensing agreements, strategic alliances, and acquisitions to drive growth in all markets[15](index=15&type=chunk) [Company Information & Disclosures](index=4&type=section&id=Company%20Information%20%26%20Disclosures) Details conference call, company overview, and cautionary statements regarding forward-looking information [Conference Call Details](index=4&type=section&id=Conference%20Call%20Details) Earnings conference call and webcast scheduled for Wednesday, May 8, 2024, at 9:30 a.m. Eastern time - Earnings conference call and webcast scheduled for **Wednesday, May 8, 2024, at 9:30 a.m. Eastern time**[16](index=16&type=chunk) - Access via dialing 888-350-3452 (toll free) or International 647-362-9199, Conference ID: 1809480, or live webcast on www.hamiltonbeachbrands.com[16](index=16&type=chunk) [About Hamilton Beach Brands Holding Company](index=4&type=section&id=About%20Hamilton%20Beach%20Brands%20Holding%20Company) Leading designer and distributor of small electric household, commercial, and healthcare appliances, including owned and licensed brands - Leading designer, marketer, and distributor of brand name small electric household and specialty housewares appliances, commercial products, and connected devices and software for healthcare management[17](index=17&type=chunk) - Owned consumer brands include Hamilton Beach, Proctor Silex, Hamilton Beach Professional, Weston, and TrueAir; owned commercial brands include Hamilton Beach Commercial and Proctor Silex Commercial[17](index=17&type=chunk) - Licenses brands like Wolf Gourmet, CHI, Clorox True HEPA, and Brita Hub, and has exclusive agreements for Bartesian and Numilk[17](index=17&type=chunk) - Hamilton Beach Health subsidiary focuses on home health and medical markets, having acquired HealthBeacon in February 2024[17](index=17&type=chunk) [Forward-Looking Statements](index=5&type=section&id=Forward-Looking%20Statements) Cautionary statement on forward-looking statements, highlighting risks and uncertainties that could alter actual results - Statements are 'forward-looking statements' subject to risks and uncertainties that could cause actual results to differ materially[18](index=18&type=chunk) - Readers are cautioned not to place undue reliance on these statements, and the Company undertakes no obligation to publicly revise them[18](index=18&type=chunk) - Risks include global economic conditions, supply chain, consumer spending, retail markets, costs, tariffs, litigation, new product acceptance, competition, and regulatory changes[18](index=18&type=chunk) [Financial Statements](index=6&type=section&id=Financial%20Statements) Presents unaudited consolidated statements of operations, balance sheets, cash flows, and net debt reconciliation [Consolidated Statements of Operations](index=6&type=section&id=Consolidated%20Statements%20of%20Operations) Unaudited consolidated statements of operations for Q1 2024 and 2023, detailing revenue, costs, and net income (loss) | Metric | THREE MONTHS ENDED MARCH 31, 2024 (In thousands) | THREE MONTHS ENDED MARCH 31, 2023 (In thousands) | | :---------------------------------- | :----------------------------------------------- | :----------------------------------------------- | | Revenue | $128,277 | $128,252 | | Cost of sales | 98,223 | 107,342 | | Gross profit | 30,054 | 20,910 | | Selling, general and administrative expenses | 30,947 | 25,919 | | Amortization of intangible assets | 50 | 50 | | Operating profit (loss) | (943) | (5,059) | | Interest expense, net | 156 | 1,269 | | Other expense (income), net | 173 | 16 | | Income (loss) before income taxes | (1,272) | (6,344) | | Income tax expense (benefit) | (110) | (1,567) | | Net income (loss) | $(1,162) | $(4,777) | | Basic and diluted earnings (loss) per share | $(0.08) | $(0.34) | | Basic weighted average shares outstanding | 14,162 | 14,073 | | Diluted weighted average shares outstanding | 14,162 | 14,073 | [Consolidated Balance Sheets](index=7&type=section&id=Consolidated%20Balance%20Sheets) Unaudited consolidated balance sheets as of March 31, 2024, Dec 31, 2023, and March 31, 2023, presenting assets and liabilities | Metric | MARCH 31, 2024 (In thousands) | DECEMBER 31, 2023 (In thousands) | MARCH 31, 2023 (In thousands) | | :---------------------------------- | :------------------------------ | :------------------------------- | :------------------------------ | | **Assets** | | | | | Cash and cash equivalents | $26,279 | $15,370 | $2,218 | | Total current assets | 262,291 | 286,815 | 235,688 | | Total assets | $368,950 | $384,702 | $336,607 | | **Liabilities and stockholders' equity** | | | | | Total current liabilities | 126,194 | 139,588 | 88,266 | | Revolving credit agreements | 50,000 | 50,000 | 79,333 | | Total liabilities | 223,543 | 237,435 | 218,178 | | Total stockholders' equity | 145,407 | 147,267 | 118,429 | | Total liabilities and stockholders' equity | $368,950 | $384,702 | $336,607 | [Consolidated Statements of Cash Flows](index=8&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) Unaudited consolidated statements of cash flows for Q1 2024 and 2023, detailing operating, investing, and financing activities | Metric | THREE MONTHS ENDED MARCH 31, 2024 (In thousands) | THREE MONTHS ENDED MARCH 31, 2023 (In thousands) | | :-------------------------------------------------- | :----------------------------------------------- | :----------------------------------------------- | | Net cash provided by (used for) operating activities | $19,701 | $34,874 | | Net cash provided by (used for) investing activities | $(6,749) | $(614) | | Net cash provided by (used for) financing activities | $(2,085) | $(33,027) | | Increase (decrease) in cash, cash equivalents and restricted cash for the period | 10,865 | 1,290 | | Balance at the end of the period | $27,244 | $3,195 | [Reconciliation of Non-GAAP Financial Measures (Net Debt)](index=9&type=section&id=Reconciliation%20of%20Non-GAAP%20Financial%20Measures%20(Net%20Debt)) Reconciliation of Net Debt, a non-GAAP measure, to total debt, used by management to evaluate financial position - Net debt is a non-GAAP financial measure defined as total debt less cash and cash equivalents, used by management to evaluate financial position[27](index=27&type=chunk) | Metric | MARCH 31, 2024 (In millions) | MARCH 31, 2023 (In millions) | | :--------- | :--------------------------- | :--------------------------- | | Total debt | $50.0 | $79.3 | | Less: cash | $(26.3) | $(2.2) | | Net debt | $23.7 | $77.1 |

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Number of shares of Class A Common Stock outstanding as of May 3, 2024: 10,534,277 Number of shares of Class B Common Stock outstanding as of May 3, 2024: 3,611,746 HAMILTON BEACH BRANDS HOLDING COMPANY TABLE OF CONTENTS | | | | Page Number | | --- | --- | --- | --- | | Part I. | FINANCIAL INFORMATION | | | | | Item 1 | Financial Statements | | | | | Consolidated Balance Sheets | 1 | | | | Consolidated Statements of Operations | 2 | | | ...

GLEN ALLEN, Va., May 2, 2024 /PRNewswire/ -- Hamilton Beach Brands Holding Company (NYSE: HBB) announced today that it will release its 2024 first quarter financial results and file its 10-Q for the quarter ended March 31, 2024, after the close of the market on Tuesday, May 7, 2024.The Company will host a conference call on Wednesday, May 8, 2024, to discuss its results.  Conference Call:          Wednesday, May 8, 2024 Time:                            9:30 a.m. (Eastern Time) Telephone:                    ...

Financial Data and Key Metrics Changes - For the full year 2023, total revenue was $625.6 million, an increase of 2.4% compared to 2022, outperforming the industry which saw a decline of over 5% [8][5] - Operating profit was $35.1 million compared to $38.8 million in the previous year, with net income at $25.2 million or $1.80 per diluted share, slightly down from $25.3 million or $1.81 per diluted share in 2022 [9][5] - Gross profit margin expanded by 290 basis points to 23.0% compared to 20.1% in 2022, attributed to lower product costs and a favorable product mix [24][5] Business Line Data and Key Metrics Changes - Sales of core consumer brands remained even with 2022, despite overall market softness in the first half of the year [12] - Commercial revenue decreased by 15% compared to 2022, following a 50% growth in the previous year, due to overstocking in several markets and unrest in key countries [13][17] - Revenue from premium brands decreased by 4% in 2023 but increased by 10% in the fourth quarter, with premium brands accounting for 15% of total revenue in 2022 [28] Market Data and Key Metrics Changes - Revenue increased in the U.S., Mexican, and Latin American markets, while it decreased in the Canadian market [17] - The global commercial market saw a revenue decrease compared to the fourth quarter of 2022, which had a growth of 57.1% [17] Company Strategy and Development Direction - The company aims to capitalize on strengths in 2024 and beyond, focusing on long-term shareholder value through strategic initiatives [7][25] - The acquisition of Health Beacon is expected to enhance growth opportunities in the home medical market, leveraging Hamilton Beach's brand and innovation capabilities [11][53] - The company plans to expand its presence in the premium market and accelerate digital transformation, with e-commerce sales representing 39% of total revenue in 2023 [29][55] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about carrying strong momentum into 2024, despite a soft first half in 2023 [7][15] - The retail marketplace for small kitchen appliances is expected to be modestly below 2023, but the company anticipates above-market revenue performance due to strategic initiatives [64] - The company is focused on maintaining a strong cash flow and reducing debt while returning value to shareholders through dividends and stock repurchases [6][37] Other Important Information - The company generated cash from operating activities of $88.6 million, the highest in its history, reflecting improvements in working capital [6][35] - Net debt decreased significantly to $34.6 million from $110 million in the previous year [37] Q&A Session Summary Question: What is the long-term commercial opportunity with Health Beacon? - Management views Health Beacon as a subscription services business that helps manage injectable medication regimens, presenting an attractive opportunity for growth as the subscriber base expands [40][41] Question: Will revenue come from selling physical devices or just subscriptions? - Revenue will be generated solely from subscriptions, with devices provided to users in exchange for monthly fees from specialty pharmacy companies [42] Question: What is the distribution plan for Health Beacon in the U.S.? - Health Beacon has established relationships with specialty pharmacy players in the U.S., and the team is well-positioned for market entry [43][44] Question: How will the costs of units be accounted for? - Units will be capitalized as fixed assets, with amortization reflected in the cost of sales, similar to lease accounting [46] Question: What is the outlook for SG&A expenses? - SG&A expenses are expected to remain in the $108 million to $115 million range, with variability based on performance-based compensation and advertising costs [82][84] Question: What is the company's approach to M&A? - The company is open to both small and large acquisitions that align with strategic initiatives, although the flow of opportunities has been low recently [89][90]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File No. 001-38214 HAMILTON BEACH BRANDS HOLDING COMPANY (Exact name of registrant as specified in its charter) | Delaware | 31-1236686 | | --- | --- ...

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 September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHAN ...

Financial Data and Key Metrics Changes - Total revenue for Q2 2023 decreased by 7.1% to $137.1 million compared to $147.5 million in Q2 2022, primarily due to lower unit volumes across most markets [46] - Gross profit was $27.4 million, representing 20% of total revenue, down from $32 million or 21.7% in the prior year, attributed to unfavorable customer and product mix and a non-cash lease impairment charge [22] - Net income for Q2 2023 was $100,000 or $0.01 per diluted share, a significant decline from $5.1 million or $0.36 per diluted share in the prior year [48] - Net cash provided by operating activities was $57.3 million compared to cash used of $25.5 million last year, driven by improvements in net working capital [24] Business Line Data and Key Metrics Changes - The commercial business is expected to grow in 2023, driven by new product launches and new distribution [12] - The company introduced over 40 new product platforms across various categories, including single-serve coffee and personal blenders, which are expected to drive revenue in the second half of the year [36] - Selling, general and administrative expenses remained flat at $26.6 million compared to Q2 2022, with higher employee-related expenses offset by lower outside service expenses [47] Market Data and Key Metrics Changes - Revenue declined in the U.S., Latin America, and Canadian markets due to lower unit volume, while revenue increased in Mexico due to new placements [35] - The plant-based milk market is growing rapidly, with U.S. retail sales nearing $3 billion and household penetration estimated at 42% [14] - The global commercial market revenue decreased, attributed to normalization of demand following strong post-pandemic recovery in the foodservice and hospitality sectors [55] Company Strategy and Development Direction - The company is focusing on strategic initiatives to increase revenue, expand operating margins, and generate strong cash flow over time [6] - Partnerships with brands like Numilk and HealthBeacon are aimed at entering new markets and enhancing product offerings in the plant-based and home medical sectors [7][43] - The company plans to launch new products under the Clorox brand, including a countertop steam sanitizer and a humidifier, as well as a new electric countertop water filtration system under the Brita brand [16] Management's Comments on Operating Environment and Future Outlook - Management expects a stronger second half of 2023 due to improved consumer demand and successful product placements [11] - The company remains cautious about potential softness in retailer replenishment orders and customer demand, which could impact outlook [27] - The aging population and increasing demand for personalized healthcare solutions are driving the company's strategy in the home medical market [17] Other Important Information - The company reduced its net debt significantly from $126.3 million in June 2022 to $57.8 million in June 2023 [26] - Capital expenditures for 2023 are expected to be between $4 million and $5 million, reflecting a decrease compared to previous years [25] Q&A Session Summary - There were no audio questions during the Q&A session, and the call concluded with closing remarks from management [28][30]

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, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE AC ...

Hamilton Beach Brands Holding Company (NYSE:HBB) Q1 2023 Earnings Conference Call May 4, 2023 9:30 AM ET Company Participants Lou Anne Nabhan - Head of Investor Relations Greg Trepp - President & Chief Executive Officer Sally Cunningham - Senior Financial Advisor Conference Call Participants Operator Good morning. My name is Emma, and I will be your conference operator today. At this time, I would like to welcome everyone to the Hamilton Beach Brands First Quarter 2023 Earnings Conference Call. All lines ha ...