Hamilton Beach(HBB)

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Hamilton Beach(HBB) - 2020 Q1 - Quarterly Report
2020-07-23 23:24
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(HBB) - 2019 Q4 - Earnings Call Transcript
2020-02-28 16:11
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 ...
Hamilton Beach(HBB) - 2019 Q4 - Annual Report
2020-02-26 21:49
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(HBB) - 2019 Q3 - Earnings Call Transcript
2019-11-10 08:02
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 Brands Holding Company (HBB) Presents At Midwest Ideas Investor Conference - Slideshow
2019-08-30 17:56
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 ...
Hamilton Beach(HBB) - 2019 Q2 - Earnings Call Transcript
2019-08-05 03:35
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(HBB) - 2019 Q1 - Earnings Call Transcript
2019-04-27 01:42
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 ...
Hamilton Beach(HBB) - 2019 Q1 - Quarterly Report
2019-04-25 21:05
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 ...
Hamilton Beach(HBB) - 2018 Q4 - Earnings Call Transcript
2019-03-07 18:16
Hamilton Beach Brands Holding Company (NYSE:HBB) Q4 2018 Earnings Conference Call March 7, 2019 9:30 AM ET Company Participants Lou Anne Nabhan - IR Gregory Trepp - President and CEO Michelle Mosier - VP, CFO and Treasurer Scott Tidey - SVP, North America Sales and Marketing Conference Call Participants Peter Benedict - Robert W. Baird Operator Good morning. My name is Denise, and I will be your conference operator today. At this time, I would like to welcome everyone to the Hamilton Beach Brands Holding Co ...
Hamilton Beach(HBB) - 2018 Q4 - Annual Report
2019-03-06 22:09
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 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, 2018 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) 3 ...