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, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHAN ...

[Part I. FINANCIAL INFORMATION](index=4&type=section&id=Part%20I.%20FINANCIAL%20INFORMATION) This section presents the company's financial statements, management's analysis, market risk disclosures, and internal control effectiveness for the period ended June 30, 2020 [Financial Statements](index=4&type=section&id=Item%201.%20Financial%20Statements) The company's financial statements for Q2 2020 reflect a restatement due to Mexican subsidiary accounting irregularities, showing improved operating profit and cash flow from operations Condensed Consolidated Balance Sheet Highlights (Unaudited) | Account | June 30, 2020 ($ thousands) | Dec 31, 2019 ($ thousands) | | :--- | :--- | :--- | | Total current assets | $190,755 | $237,057 | | Total assets | $242,601 | $288,663 | | Total current liabilities | $168,550 | $201,322 | | Total liabilities | $181,049 | $252,397 | | Total stockholders' equity | $61,552 | $36,266 | Condensed Consolidated Statement of Operations Highlights (Unaudited) | Metric | Q2 2020 ($ thousands) | Q2 2019 ($ thousands) | 6 Months 2020 ($ thousands) | 6 Months 2019 ($ thousands) | | :--- | :--- | :--- | :--- | :--- | | Revenue | $138,297 | $131,065 | $259,143 | $257,707 | | Gross Profit | $35,254 | $28,507 | $60,294 | $55,209 | | Operating Profit | $10,895 | $3,185 | $11,398 | $3,296 | | Net Income from Continuing Ops | $8,065 | $1,898 | $6,711 | $1,236 | | Basic EPS from Continuing Ops | $0.59 | $0.14 | $0.49 | $0.09 | Condensed Consolidated Statement of Cash Flows Highlights (Unaudited, 6 Months Ended June 30) | Cash Flow Activity | 2020 ($ thousands) | 2019 ($ thousands) | | :--- | :--- | :--- | | Net cash from operating activities | $21,752 | $(31,646) | | Net cash from investing activities | $(2,092) | $(1,972) | | Net cash from financing activities | $(19,146) | $30,099 | - The company discovered accounting irregularities at its Mexican subsidiaries, leading to a restatement of its financial statements for 2019, 2018, and 2017, involving unauthorized transactions and a non-cash write-off of certain assets[23](index=23&type=chunk) - The Kitchen Collection, LLC (KC) subsidiary ceased operations and was dissolved on April 3, 2020, with its results reported as discontinued operations in all periods presented[15](index=15&type=chunk)[54](index=54&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=27&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses Q2 2020 revenue growth driven by U.S. consumer demand, improved operating profit, and enhanced liquidity, alongside ongoing credit facility refinancing efforts [Results of Operations](index=28&type=section&id=Results%20of%20Operations) Q2 2020 revenue increased 5.5% to $138.3 million, driven by U.S. consumer demand, with gross profit margin improving to 25.5% and operating profit surging 242.1% Q2 2020 vs Q2 2019 Performance | Metric | Q2 2020 ($ thousands) | Q2 2019 ($ thousands) | % Change | | :--- | :--- | :--- | :--- | | Revenue | $138,297 | $131,065 | 5.5% | | Gross Profit | $35,254 | $28,507 | 23.7% | | Operating Profit | $10,895 | $3,185 | 242.1% | - Revenue growth was primarily driven by strong demand in U.S. consumer markets as consumers stayed home during the COVID-19 pandemic, with e-commerce sales increasing **77% in Q2** and accounting for **37% of total revenue**[81](index=81&type=chunk) - Gross profit margin improved to **25.5%** from **21.8%** in the prior-year quarter, benefiting from customer/product mix and approximately **$1.6 million in tariff relief**[82](index=82&type=chunk) - For the first six months of 2020, e-commerce sales increased **52.6%** and accounted for **32.8% of total revenue**[87](index=87&type=chunk) [Liquidity and Capital Resources](index=30&type=section&id=Liquidity%20and%20Capital%20Resources) Liquidity significantly improved with positive cash from operations, supported by a $115.0 million revolving credit facility currently undergoing refinancing - Net cash provided by operating activities was **$21.8 million** for the first six months of 2020, a significant improvement from the **$31.6 million used** in the same period of 2019, primarily due to better management of inventory and accounts receivable[100](index=100&type=chunk) - The company maintains a **$115.0 million** senior secured revolving credit facility (HBB Facility) that expires on June 30, 2021, and has begun the refinancing process, believing it will be refinanced before maturity[96](index=96&type=chunk)[102](index=102&type=chunk) - As of June 30, 2020, borrowings outstanding under the HBB Facility were **$41.8 million**, with excess availability of **$54.2 million**[102](index=102&type=chunk) - The company utilizes a non-recourse arrangement to sell certain U.S. trade receivables, derecognizing **$75.2 million of receivables** in the first six months of 2020[58](index=58&type=chunk)[107](index=107&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=34&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company manages interest rate risk with swaps and foreign currency risk with forward contracts, primarily for Canadian dollar, Mexican peso, Chinese yuan, and Brazilian real exposures - The company uses interest rate swap agreements to reduce exposure to floating interest rates on its credit facility, with swaps having notional values of **$25.0 million** in place at June 30, 2020[105](index=105&type=chunk)[114](index=114&type=chunk) - The company is exposed to foreign currency risk from transactions denominated in Canadian dollars, Mexican pesos, Chinese yuan, and Brazilian real, and uses forward foreign currency exchange contracts to mitigate this risk[116](index=116&type=chunk)[117](index=117&type=chunk) [Controls and Procedures](index=34&type=section&id=Item%204.%20Controls%20and%20Procedures) Disclosure controls were ineffective due to material weaknesses in Mexican subsidiary internal controls, prompting a remediation plan including personnel and organizational changes - Management concluded that disclosure controls and procedures were **not effective** as of June 30, 2020, due to material weaknesses in internal control over financial reporting at its Mexican subsidiaries[119](index=119&type=chunk) - The material weaknesses identified were: 1) Ineffective review controls over account reconciliations and manual journal entries, which failed to detect unauthorized transactions; and 2) Insufficiently designed transaction-level controls over spending, pricing, and customer setup[121](index=121&type=chunk)[122](index=122&type=chunk) - A remediation plan has been initiated, which includes terminating employees engaged in misconduct, augmenting the local accounting team, implementing a more comprehensive review process, and outsourcing certain functions[123](index=123&type=chunk)[128](index=128&type=chunk) [Part II. OTHER INFORMATION](index=37&type=section&id=Part%20II.%20OTHER%20INFORMATION) This section details ongoing legal proceedings, key risk factors, and information regarding unregistered equity security sales and use of proceeds [Legal Proceedings](index=37&type=section&id=Item%201.%20Legal%20Proceedings) The company faces patent infringement, dissolved subsidiary debt, and class-action lawsuits related to accounting irregularities, all of which it is vigorously defending - The company is a defendant in a patent infringement lawsuit where a jury awarded the plaintiff **$3.2 million**, but the court later reduced the award by **$0.9 million**[69](index=69&type=chunk) - The company is being sued for the unsatisfied debts of its dissolved subsidiary, The Kitchen Collection (KC), but believes the claims are without merit[70](index=70&type=chunk) - A class action complaint was filed against the company and its officers related to the accounting irregularities in Mexico, which the company also believes are without merit[71](index=71&type=chunk) [Risk Factors](index=37&type=section&id=Item%201A.%20Risk%20Factors) Key risks include the uncertain impact of the COVID-19 pandemic on operations and potential disruptions from the new ERP system implementation - The COVID-19 pandemic poses a significant risk, with potential impacts on product demand, costs, supply chain, and access to capital, and the full extent of the impact remains uncertain[132](index=132&type=chunk)[133](index=133&type=chunk) - The implementation of a new enterprise resource planning (ERP) system presents a risk, as any disruptions, delays, or deficiencies could adversely affect the company's ability to process orders, ship products, and operate its business effectively[134](index=134&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=38&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) A $25.0 million stock repurchase program is active through December 2021, with no shares repurchased during the first six months of 2020 - A stock repurchase program for up to **$25.0 million** of Class A Common Stock is in effect through December 31, 2021[136](index=136&type=chunk) - No shares were repurchased during the six months ended June 30, 2020[137](index=137&type=chunk)

For the quarterly period ended March 31, 2020 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _______________________________________________________________________________________________________________________________________________________________________________________________________ FORM 10-Q (Mark One) þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT ...

Hamilton Beach Brands Holding Company (NYSE:HBB) Q4 2019 Earnings Conference Call February 27, 2020 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 & Treasurer Scott Tidey - Senior Vice President, North America Sales & Marketing Conference Call Participants Justin Kleber - Baird Michael Fisherman - Zuckerman Operator Thank you for standing by and welcome to the Hamil ...

General FORM 10-K (Mark One) þ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 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 (State or other jurisdiction of incorporation or organization) 31-1236686 (I.R.S. Employer Identification No.) 4421 Waterfront ...

Hamilton Beach Brands Holding Company (NYSE:HBB) Q3 2019 Earnings Conference Call November 7, 2019 9:30 AM ET Company Participants Lou Anne Nabhan - Head of Investor Relations Greg Trepp - President & Chief Executive Officer Michelle Mosier - Vice President, Chief Financial Officer & Treasurer Scott Tidey - Senior Vice President, North America Sales & Marketing Conference Call Participants Justin Kleber - Robert W. Baird Todd Lechtenberger - Amalfi Investments Operator Ladies and gentlemen thank you for st ...

Hamilton Beach Hamilton Beach CHI. TrueAir BARTESIAN | HAMILTON BEACH BRANDS HOLDING COMPANY Midwest IDEAS Investor Conference, August 28, 2019 1 Safe Harbor Statement This presentation and the Q and A to follow may include forward-looking statements subject to important risks and uncertainties. Refer to Hamilton Beach Brands Holding Company's reports filed on Forms 10-Q and 10-K for information on factors that could cause actual results to differ materially from information in this presentation. Past perfo ...

Financial Data and Key Metrics Changes - Hamilton Beach Brands reported revenue of $130.9 million in Q2 2019, down from $135.9 million in Q2 2018, attributed to lower sales in U.S. consumer and global commercial markets, partially offset by growth in international consumer markets [9] - Gross profit margin decreased to 21.2% from 22.4% due to higher inbound freight costs and unfavorable currency movements [10] - Consolidated revenue was $148.4 million compared to $157.9 million last year, reflecting decreases in both segments [30] - Consolidated net loss was $944,000 or $0.07 per diluted share compared to a net loss of $874,000 or $0.06 per diluted share for Q2 2018 [33] Business Line Data and Key Metrics Changes - Hamilton Beach Brands' operating profit was $3 million compared to $4.2 million in the prior year, primarily due to lower revenue [10] - Kitchen Collection's revenue was $18.3 million, down from $22.8 million last year, with an operating loss of $3.2 million compared to $3.8 million in Q2 2018 [25] - Kitchen Collection's gross profit margin was 43.8%, down from 45.6% last year, mainly due to higher inbound freight costs [26] Market Data and Key Metrics Changes - E-commerce sales increased significantly over last year, with Hamilton Beach Brand being the number one in U.S. e-commerce for small kitchen appliances [21] - International sales grew in Q2 and are expected to continue growing, with expansion efforts in South America, China, and India [23] Company Strategy and Development Direction - The company is focusing on six strategic initiatives to enhance market position and financial performance, including expanding geographically and increasing share in the Only-the-Best segment of the small kitchen appliance market [16][19] - The company plans to introduce over 80 new product platforms in 2019, with significant emphasis on innovation [14] Management's Comments on Operating Environment and Future Outlook - Management expects a stronger second half of 2019, driven by successful placements and promotions, with a focus on e-commerce to offset any potential softness in brick-and-mortar sales [12][42] - The company is reaffirming its full-year outlook, expecting moderate revenue growth and increased operating profit compared to 2018 [40] Other Important Information - The company has reduced its store count to 162 as of June 30, 2019, with plans for further closures [27] - Capital expenditures are expected to be approximately $4.5 million, primarily for ERP system development and new product tooling [40] Q&A Session Summary Question: Have you stopped disclosing free cash flow by segment? - Yes, the company has stopped disclosing free cash flow by segment [49] Question: What are your expectations for each brand for the second half? - Free cash flow for Hamilton Beach Brands is expected to be approximately or above the $20 million target [50] Question: What about Kitchen Collection's free cash flow expectations? - Improvement is expected compared to the prior year for Kitchen Collection [52] Question: What do you expect to do with the proceeds from free cash flow? - Proceeds will be reinvested in initiatives, fund dividends, and potentially used for acquisitions [55] Question: How do tariffs impact your business? - Current tariffs affect around 10% of revenue, but the company has mitigated the impact through pricing adjustments [61] Question: What is the inventory situation in the channel? - The company is not loaded with inventory and expects strength in the e-commerce channel to continue [64] Question: What is the strategy for Kitchen Collection? - The company is managing the Kitchen Collection business prudently, focusing on lowering rental rates and enhancing profitability [88] Question: Will the number of Kitchen Collection stores continue to decrease? - The company is assessing store performance and will adjust the number of stores accordingly [90]

Hamilton Beach Brands Holding Company (NYSE:HBB) Q1 2019 Earnings Conference Call April 26, 2019 9:30 AM ET Company Participants Lou Anne Nabhan - IR Greg Trepp - President and CEO Michelle Mosier - VP, CFO and Treasurer Scott Tidey - SVP, North America Sales and Marketing Conference Call Participants Peter Benedict - Baird Mitchell Lolley - Nixon Capital Operator Good morning. My name is Marcella, and I will be your conference operator today. At this time, I'd like to welcome, everyone, to the Hamilton Bea ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 _______________________________________________________________________________________________________________________________________________________________________________________________________ FORM 10-Q (Mark One) þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2019 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT O ...