Hamilton Beach Brands Holding (HBB) Company Report

Hamilton Beach Brands (HBB) projects improved annual performance in 2026 compared to 2025, with purchasing patterns expected to normalize by mid-year and a return to historical growth rates and gross margin levels.
The company reported annual revenue of $600 - $650 million and holds the position as the #1 small kitchen appliance brand portfolio in the U.S. by units sold as of September 30, 2025.
Key strategic growth initiatives for HBB include expanding its presence in the premium market with the Lotus Signature launch in mid-2026, growing its global commercial market share (which represented 8% of 2024 revenue), and accelerating its Hamilton Beach Health business.
HBB maintains an asset-light business model with outsourced manufacturing and expects a strong balance sheet with low leverage ratios and historical free cash flow levels.

7 days ago

Presentation

Hamilton Beach Brands Outlines Strategic Growth Initiatives and 2026 Outlook

HBB

New Projects/Investments

Guidance Update

Product Launch

Hamilton Beach Brands (HBB) is pursuing six strategic growth initiatives, including driving core business growth, accelerating digital transformation, gaining share in the premium market, leading in the global commercial market, accelerating Hamilton Beach Health, and leveraging partnerships and acquisitions.
2025 was a challenging year due to new tariffs (10% to 125% in Q2 and Q3), which led to paused orders and reduced demand. In response, HBB implemented price increases, accelerated supplier diversification, and reduced its cost structure by $10 million. For 2026, performance is projected to improve with normalized market conditions by mid-year, a strong balance sheet, and continued investments.
The Hamilton Beach Health brand, established in 2021 and strengthened by the 2024 acquisition of HealthBeacon, achieved positive operating profit in Q3 2025 with its Smart Sharps Bin product, which operates on a subscription-based revenue model.
To accelerate digital transformation, HBB's 2026 advertising investment will exceed the combined total of the past four years. The company is also launching new premium brands, Lotus Professional (2025) and Lotus Signature (mid-2026), supported by $6 million in advertising over 15 months.

7 days ago

Transcript

Hamilton Beach Brands Navigates Tariffs and Outlines 2026 Growth Strategy

HBB

Product Launch

New Projects/Investments

M&A

Hamilton Beach Brands (HBB) reported strong performance in 2024 with record margins, but faced a challenging 2025 due to tariffs that impacted demand in Q2 and Q3. The company pivoted by implementing price increases, diversifying suppliers, and reducing costs by $10 million, positioning it for improved performance in 2026.
HBB is focusing on strategic growth initiatives, including expanding its presence in the premium market (currently 1% share of a segment representing half of the U.S. appliance market) with new brands like Lotus Professional (launched 2025) and Lotus Signature (launching mid-2026), supported by $6 million in advertising.
The company is also accelerating growth in its global commercial market (8% of 2024 revenue) through partnerships and expanding its Hamilton Beach Health segment, which includes the Smart Sharps Bin and achieved positive operating profit in Q3 2025.
HBB maintains a strong balance sheet with low leverage ratios and free cash flow, and continues to evaluate accretive acquisition opportunities to drive future growth.

7 days ago

Transcript

Hamilton Beach Brands outlines strategic growth initiatives and 2026 outlook

HBB

Product Launch

New Projects/Investments

Guidance Update

Hamilton Beach Brands (HBB) is a leading small home appliance business generating over $600 million in annual revenue and selling over 25 million units annually, with strategic expansion into premium, global commercial, and home health markets.
The company is pursuing six strategic growth initiatives, including significant investment in digital marketing, launching new premium brands like Lotus (supported by $6 million in advertising), expanding its global commercial business (which was 8% of total revenue in 2024), and growing Hamilton Beach Health, which achieved positive operating profit in Q3 2025.
2025 was a challenging year due to tariffs, which reached up to 125% in Q2, impacting demand; however, HBB responded with price increases, accelerated supplier diversification, and $10 million in cost reductions.
For 2026, HBB anticipates improved performance over 2025, driven by these actions and normalizing market conditions, expecting a strong balance sheet and free cash flow, despite a tough Q1 comparison.

7 days ago

Transcript

Hamilton Beach Brands Holding Company Outlines Strategic Growth and 2026 Outlook

HBB

Guidance Update

New Projects/Investments

Revenue Acceleration/Inflection

Hamilton Beach Brands Holding Company (HBB) reported annual revenue between $600-$650 million and annual units sold of 25-30 million.
The company is pursuing strategic growth initiatives, including driving core growth, accelerating digital transformation, gaining share in the premium market with the Lotus Professional launch in 2025 and Lotus Signature in mid-2026, leading in the global commercial market (which accounted for 8% of 2024 revenue), accelerating Hamilton Beach Health, and leveraging partnerships and acquisitions.
Financial performance in 2025 showed mixed results, with Q1 revenue increasing 4.0%, Q2 revenue declining 18.2%, and Q3 revenue declining 15.2%, alongside fluctuating gross margins and operating profits.
HBB projects its 2026 annual performance to improve compared to 2025, with purchasing patterns normalizing by mid-year and a return to historical growth rates and gross margin levels. The company also announced $10 million in annualized savings.

7 days ago

8-K

Hamilton Beach Brands Declares Dividend and Announces New Share Buyback Program

HBB

Dividends

Share Buyback

Hamilton Beach Brands Holding Company declared a regular cash dividend of $0.12 per share, payable on December 16, 2025, to stockholders of record on December 1, 2025.
The Board of Directors approved a new stock repurchase program authorizing the purchase of up to $25 million of the Company's Class A Common Stock, effective January 1, 2026, and running through December 31, 2027.
Under the previous share buyback program, through September 30, 2025, the company repurchased 1,034,446 shares for a total aggregate purchase price of $20.7 million.

Nov 20, 2025, 9:31 PM

Press Release

Hamilton Beach Brands Reports Q3 2025 Results Amid Tariff Headwinds

HBB

Earnings

Demand Weakening

Product Launch

Hamilton Beach Brands reported Q3 2025 total revenue of $132.8 million, a 15.2% decrease from the prior year, but showed 300 basis points sequential improvement compared to Q2. Gross profit was $28 million, or 21.1% of total revenue, down from 28% in Q3 2024, primarily due to a $5 million one-time incremental tariff cost.
Excluding the $5 million one-time tariff costs, gross margin would have been 24.8% and operating profit $7.9 million (5.9% of revenue). The company states that the pressure was largely temporary, and the impact from the peak tariff rate is now fully behind them.
Strategic actions include manufacturing diversification away from China, price increases, and $10 million in annualized cost management savings. The Hamilton Beach Health division achieved positive operating profit for the first time this quarter, and new product launches like the Lotus brand exceeded expectations.
Management anticipates further top-line and margin recovery in Q4 and expects 2026 performance to benefit from these actions, despite continued market uncertainty.

Nov 5, 2025, 9:30 PM

Transcript

Hamilton Beach Brands Holding Company Announces Q3 2025 Results

HBB

Earnings

Demand Weakening

Guidance Update

Hamilton Beach Brands Holding Company reported a 15.2% decrease in revenue to $132.8 million for the third quarter of 2025, down from $156.7 million in the third quarter of 2024.
Gross margin decreased to 21.1% from 28.0% in the prior year period, primarily due to a one-time 370 basis point impact from a temporary 125% tariff rate on Chinese imports. This contributed to a decline in operating profit to $2.9 million and diluted earnings per share of $0.12.
Net debt increased to $32.8 million as of September 30, 2025, compared to $22.5 million on September 30, 2024.
Due to increased uncertainty from higher tariffs, the company will not provide specific guidance on its business outlook, despite noting sequential improvement in sales trends and moderating tariff rates.

Nov 5, 2025, 9:05 PM

8-K

Hamilton Beach Brands Holding Company Announces Third Quarter 2025 Results

HBB

Earnings

Guidance Update

Demand Weakening

Hamilton Beach Brands Holding Company reported a 15.2% decline in third-quarter 2025 revenue to $132.8 million compared to $156.7 million in Q3 2024.
Gross margin decreased to 21.1% in Q3 2025 from 28.0% in Q3 2024, primarily due to a 370 basis point impact from a one-time incremental tariff cost of $5.0 million. Operating profit fell to $2.9 million from $10.6 million in the prior year.
Net income for Q3 2025 was $1.7 million, or $0.12 per diluted share, down from $1.9 million, or $0.14 per diluted share, in Q3 2024.
Net debt increased to $32.8 million on September 30, 2025, from $22.5 million on September 30, 2024. The company also repurchased 39,333 shares for $0.6 million and paid $1.6 million in dividends during the quarter.
Due to increased uncertainty from higher tariffs, the company announced it is not providing specific guidance on its business outlook.

Nov 5, 2025, 9:05 PM

Press Release

Hamilton Beach Brands Reports Strong Q4 and Full-Year 2024 Results, Provides 2025 Outlook

HBB

Earnings

Guidance Update

Share Buyback

Hamilton Beach Brands reported a 3.3% increase in Q4 2024 revenue to $213.5 million and a 4.6% increase in full-year 2024 net revenue to $654.7 million.
The company achieved a record gross margin of 26% for the full year 2024, grew operating profit by 23.1% to $43.2 million, and generated $65.4 million in operating cash flow.
HBB ended 2024 in a net cash position of $600,000, a significant improvement from a net debt position of $34.6 million at the end of 2023, and returned more than 65% of 2024 net income to shareholders through share repurchases and dividends.
For 2025, the company anticipates revenue growth approaching the mid-single-digit range and operating profit to increase at a faster rate than revenue, with gross profit margins expected to be in line with 2024 levels.