Hamilton Beach(HBB)

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Hamilton Beach(HBB) - 2021 Q4 - Annual Report
2022-03-09 21:31
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, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File No. 001-38214 HAMILTON BEACH BRANDS HOLDING COMPANY (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (I.R.S. Em ...
Hamilton Beach(HBB) - 2021 Q3 - Earnings Call Transcript
2021-11-06 01:08
Hamilton Beach Brands Holding Company (NYSE:HBB) Q3 2021 Earnings Conference Call November 4, 2021 9:30 AM ET Company Participants Lou Anne Nabhan - Head of Investor Relations Greg Trepp - President & Chief Executive Officer Michelle Mosier - Senior Vice President & Chief Financial Officer Scott Tidey - Senior Vice President, Consumer Sales & Marketing Conference Call Participants Justin Kleber - Baird Operator Hello, everyone, and welcome to the Hamilton Beach Brands Holding Company Q3 2021 Earnings Confer ...
Hamilton Beach(HBB) - 2021 Q3 - Quarterly Report
2021-11-03 20:31
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, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHAN ...
Hamilton Beach(HBB) - 2021 Q2 - Earnings Call Transcript
2021-08-07 16:06
Hamilton Beach Brands Holding Company (NYSE:HBB) Q2 2021 Earnings Conference Call August 5, 2021 9:30 AM ET Company Participants Lou Anne Nabhan - 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 Justin Kleber - Baird Operator Good day. Thank you for standing by and welcome to the Hamilton Beach Brands Holding Company’s Second ...
Hamilton Beach(HBB) - 2021 Q2 - Quarterly Report
2021-08-04 20:46
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, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE AC ...
Hamilton Beach(HBB) - 2021 Q1 - Earnings Call Transcript
2021-05-09 06:04
Hamilton Beach Brands Holding Company (NYSE:HBB) Q1 2021 Earnings Conference Call May 6, 2021 9:30 AM ET Company Participants Lou Anne Nabhan - 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 morning and thank you for standing by. Welcome to the Hamilton Beach Brands Holdings First Quarter ...
Hamilton Beach(HBB) - 2021 Q1 - Quarterly Report
2021-05-05 20:31
For the transition period from to 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 March 31, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15( ...
Hamilton Beach(HBB) - 2020 Q4 - Annual Report
2021-03-22 21:27
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, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | Commission File No. 001-38214 | | --- | HAMILTON BEACH BRANDS HOLDING COMPANY (Exact name of registrant as specified in its charter) | Delaware | 31-1236686 | | --- | --- | | (State or other jur ...
Hamilton Beach(HBB) - 2020 Q4 - Earnings Call Transcript
2021-03-17 18:36
Financial Data and Key Metrics Changes - Revenue in Q4 2020 increased by 14.4% to $234 million compared to $204.6 million in Q4 2019, driven by strong demand in U.S. and Canadian consumer markets [27][6] - Operating profit increased by 49% to $28.4 million compared to $19.1 million in the same period last year [29] - Net income rose to $19.4 million or $1.40 per diluted share, compared to $13.3 million or $0.98 per diluted share in the previous year [29] Business Line Data and Key Metrics Changes - Revenue from U.S. and Canadian consumer markets increased year-over-year, while international consumer markets saw a decrease due to pandemic-related challenges [7][27] - Revenue from commercial products decreased by 37% in 2020, accounting for only 5% of total sales due to the impact of the pandemic on food service and hospitality industries [31] Market Data and Key Metrics Changes - E-commerce sales increased by 30% in 2020, accounting for 32% of total revenue, with Q4 2020 e-commerce sales making up 41% of total revenue [30] - The global commercial market is expected to recover gradually, with a focus on quick-serve restaurants and takeout models [13][19] Company Strategy and Development Direction - The company is focusing on long-term shareholder value through strategic initiatives, including new product development and digital marketing [10][15] - Plans to expand in the premium market with new product launches and partnerships, including the Bartesian cocktail dispenser [20][22] - A shift to a licensing model in certain emerging markets to focus resources on North America [23] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about strong consumer demand for small kitchen appliances continuing into 2021, driven by demographic trends and new cooking habits formed during the pandemic [11][12] - The company anticipates moderate revenue growth in the first half of 2021, despite challenges from rising material and shipping costs [34][36] Other Important Information - The company introduced nearly 70 new products in 2020 and plans to launch 100 more over the next 24 months [25] - Net debt increased to $95.9 million at the end of 2020, reflecting changes in net working capital [33] Q&A Session Summary Question: Inventory levels at retail partners in the U.S. and Canada - Retailers' inventory is moving quickly, and demand is expected to remain strong due to stimulus checks [39][40] Question: Size of direct-to-consumer operations - The direct-to-consumer business is small, with most e-commerce revenue coming from retail partners [41][42] Question: Commercial business performance and recovery timeline - The commercial business was down 37% in 2020, but there is hope to reach 80% of pre-pandemic levels in 2021 [48][49] Question: Full year guidance and performance expectations - The company expects improved performance in 2021, but visibility into the second half remains limited [50][52] Question: Higher material and shipping costs - The company is managing cost increases and has the ability to pass on some costs to retail partners [54][56]
Hamilton Beach(HBB) - 2020 Q3 - Earnings Call Transcript
2020-11-10 16:47
Hamilton Beach Brands Holding Company (NYSE:HBB) Q3 2020 Earnings Conference Call November 10, 2020 9:30 AM ET Company Participants Lou Anne Nabhan - Head, IR Greg Trepp - President and CEO Michelle Mosier - SVP and CFO Scott Tidey - SVP, North America Sales & Marketing Conference Call Participants Peter Benedict - Baird Operator Ladies and gentlemen, thank you for standing by and welcome to the Hamilton Beach Brands Holding Company Third Quarter 2020 Earnings Conference Call. [Operator Instructions] I woul ...