Michael Morck's questions to Hamilton Beach Brands Holding Co (HBB) leadership • Q2 2025
Question
Michael Morck from Morck Capital Management presented a long-term view, asking about the revenue decline from a 2016 peak and questioning the company's game plan to achieve consistent overall growth, rather than just 'treading water.' He also asked if the company expects to grow in line with GDP going forward.
Answer
President & CEO R. Scott Tidey, while questioning the specific 2016 revenue figure, outlined a multi-pronged growth strategy. He highlighted significant runway in the premium appliance market with the new Lotus brand, global expansion of the commercial business through partnerships like Sunkist, and strong growth in the Health business with a target of a 50% increase in subscriptions. SVP, CFO & Treasurer Sally Cunningham reiterated confidence in their strategy but refrained from providing specific forward-looking guidance.