Jake Patterson's questions to Hamilton Beach Brands Holding Co (HBB) leadership • Q2 2025
Question
Jake Patterson of TALANTA Investment Group LLC asked for a breakdown of the $10 million annualized cost savings program by business segment. He also sought more color on the timing and impact of recent price increases and how Hamilton Beach's pricing has compared to competitors over the last couple of years. Lastly, he requested the value of the one-time restructuring charge.
Answer
SVP, CFO & Treasurer Sally Cunningham stated that a large portion of the savings is headcount-related and primarily impacts the retail segment, and she specified the restructuring charge was about $800,000. President & CEO R. Scott Tidey added that price increases were implemented to cover potential tariffs, a move understood by retailers as competitors face similar pressures, resulting in a pricing position that is 'even across the board.'