UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _______________________________________________________________________________________________________________________________________________________________________________________________________ FORM 10-Q HAMILTON BEACH BRANDS HOLDING COMPANY TABLE OF CONTENTS | | | | Page Number | | --- | --- | --- | --- | | Part I. | FINANCIAL INFORMATION | | | | | Item 1 | Financial Statements | | | | | Consolidated Balance Sheets | 2 | | | | Co ...

Hamilton Beach Brands Holding Company (NYSE:HBB) Q4 2022 Results Conference Call March 10, 2023 9:30 AM ET Company Participants Lou Anne Nabhan - Head of Investor Relations Greg Trepp - President and Chief Executive Officer Sally Cunningham - Senior Financial Advisor Conference Call Participants Zachary Beeck - Baird Operator Good morning. My name is Chris, and I'll be your conference operator today. At this time, I'd like to welcome everyone to the Hamilton Beach Brands Holding Company Q4 2022 Earnings Cal ...

Revenue Performance - Revenue for 2022 was $640.9 million, a decrease of $17.4 million or 2.6% compared to 2021, primarily due to lower unit volume in the US, Canadian, and Latin American markets[115]. - The Global Commercial market saw a revenue increase of $20.5 million, or 50.0%, compared to the prior year, driven by a rebound in customer demand[115]. - The company transitioned to a licensing model for its consumer business in Brazil and China, impacting revenue negatively[115]. Profitability and Expenses - Gross profit margin decreased to 20.1% in 2022 from 20.7% in 2021, with price increases partially offsetting higher product and transportation costs[116]. - Selling, general and administrative expenses decreased by $14.6 million, largely due to a $10.0 million insurance recovery recognized in Q1 2022[117]. - Operating profit increased by $7.3 million to $38.8 million, representing a 23.0% increase compared to the previous year[115]. Cash Flow and Financing Activities - Net cash used for operating activities was $3.4 million in 2022, compared to $17.9 million provided in 2021, largely due to a significant increase in net working capital usage[124]. - Net cash provided by financing activities was $5.6 million in 2022, a turnaround from cash used of $7.3 million in 2021, attributed to increased net borrowing activity[125]. Interest and Taxation - Interest expense increased by $1.7 million, primarily due to rising interest rates and increased average borrowings under the revolving credit facility[118]. - The effective income tax rate on continuing operations improved to 22.1% in 2022 from 26.4% in 2021, influenced by the reversal of interest and penalties on unrecognized tax benefits[120]. Debt and Credit Facilities - HBB has a $150.0 million senior secured floating-rate revolving credit facility, with borrowings outstanding of $110.9 million as of December 31, 2022[126][127]. - The excess availability under the HBB Facility was $38.3 million at the end of 2022[127]. - The weighted average interest rate applicable to the HBB Facility for the year ended December 31, 2022, was 3.49%[128]. - HBB has entered into interest rate swap agreements with notional values totaling $100.0 million, with average fixed interest rates of 0.9% and 1.6%[129]. Financial Obligations and Sensitivities - Total contractual cash obligations amount to $361.9 million, with $186.5 million due in 2023[133]. - HBB's variable interest payments on the HBB Facility are estimated at $11.3 million, with $5.6 million due in 2023[133]. - The fair value of HBB's interest rate swap agreements was a receivable of $5.4 million at December 31, 2022[142]. - A hypothetical 10% increase in interest rates would increase the fair value of interest rate swap agreements by $0.3 million[142]. - The fair value of HBB's foreign currency exchange contracts was a net receivable of $0.1 million at December 31, 2022[145]. - Assuming a hypothetical 10% weakening of the U.S. dollar, the fair value of foreign currency-sensitive financial instruments would decrease by $1.2 million[145].

Hamilton Beach Brands Holding Company (NYSE:HBB) Q3 2022 Results Conference Call November 3, 2022 9:30 AM ET Company Participants Lou Anne Nabhan - Head of Investor Relations Greg Trepp - President and Chief Executive Officer Michelle Mosier - Senior Vice President and Chief Financial Officer Scott Tidey - Senior Vice President, Consumer Sales and Marketing Conference Call Participants Peter Benedict - Baird Operator Good day, everyone. My name is Kellyanne, and I'll be your conference operator for today. A ...

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, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHAN ...

Hamilton Beach Brands Holding Company (NYSE:HBB) Q2 2022 Earnings Conference Call August 4, 2022 11:00 AM ET Company Participants Lou Anne Nabhan - Head of IR Greg Trepp - President and Chief Executive Officer Michelle Mosier - Senior Vice President and Chief Financial Officer Scott Tidey - Senior VP of North American Sales and Marketing Conference Call Participants Justin Kleber - Baird Operator Hello, and welcome to the Hamilton Beach Brands Holding Company Second Quarter 2022 Earnings Call. My name is La ...

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, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE AC ...

Hamilton Beach Brands Holding Company (NYSE:HBB) Q1 2022 Results Conference Call May 5, 2022 9:30 AM ET Company Participants Lou Anne Nabhan - Head of Investor Relations Greg Trepp - President and Chief Executive Officer Michelle Mosier - Senior Vice President and Chief Financial Officer Scott Tidey - Senior Vice President, Consumer Sales & Marketing Conference Call Participants Justin Kleber - Baird Operator Good day and thank you for standing by. Welcome to Hamilton Beach Brands Holding Company Q1 2022 Ea ...

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No þ Number of shares of Class A Common Stock outstanding at April 29, 2022: 10,223,812 Number of shares of Class B Common Stock outstanding at April 29, 2022: 3,867,865 HAMILTON BEACH BRANDS HOLDING COMPANY TABLE OF CONTENTS | | | | Page Number | | --- | --- | --- | --- | | Part I. | FINANCIAL INFORMATION | | | | | Item 1 | Financial Statements | | | | | Consolidated Balance Sheets | 2 | | ...

Hamilton Beach Brands Holding Company (NYSE:HBB) Q4 2021 Earnings Conference Call March 10, 2022 9:30 AM ET Company Participants Gregory Trepp – President and Chief Executive Officer Michelle Mosier – Senior Vice President and Chief Financial Officer Scott Tidey – Senior Vice President, Consumer Sales & Marketing Lou Anne Nabhan – Head of Investor Relations Conference Call Participants Unidentified Analyst – Baird Operator Hello and welcome to the Hamilton Beach Brands Holding Company Q4 2021 Earnings Call. ...