HAMILTON BEACH BRANDS HOLDING COMPANY ANNOUNCES SECOND QUARTER 2024 RESULTS
GLENALLEN, Va., July 31,2024 /PRNewswire/ -- Hamilton Beach Brands HoldingCompany (NYSE: HBB) (the Company) today announced second quarter2024 results.
Highlights - Second Quarter 2024 Compared to Second Quarter2023
6/30/2024 | 6/30/2023 | ||
(Inmillions) | |||
Revenue | $ 156.2 | $ 137.1 | |
Gross profit | $ 40.5 | $ 27.4 | |
% ofrevenue | 25.9% | 20.0% | |
Operatingprofit | $ 10.0 | $0.7 | |
Cash flow fromoperating activities | $ 37.1 | $ 57.3 | |
Total debt | $ 50.0 | $ 59.9 | |
Net debt | $ 12.8 | $ 57.8 | |
- Total revenue of $156.2 millionincreased 14.0% compared to a year ago
- Gross profit margin expanded by 590 basis points to 25.9%compared to 20.0%
- Operating profit of $10.0 millionincreased significantly versus $0.7million a year ago
- Cash provided by operating activities was $37.1 million compared to $57.3 million
- The Company's outlook for the full year 2024 compared to thefull year 2023 includes a modest increase in revenue and asignificant increase in operating profit based on gross marginexpansion
Results - Second Quarter 2024 Compared to Second Quarter2023
Total revenue of $156.2million increased 14.0% compared to $137.1 million in the prior year period. Therevenue increase reflected higher volume and a favorable productmix. Revenue increased in the Company's US, Mexican and LatinAmerican consumer markets and in the global commercial market.Revenue decreased in the Canadian consumer market. The acquisitionof HealthBeacon on February 2, 2024added a new revenue stream in the current quarter that was notmaterial.
Gross profit was $40.5 million, or25.9%of total revenue, compared to $27.4 million, or 20.0%. The 590 basis pointexpansion in gross profit margin was primarily due to lower productcosts and a favorable product mix.
Selling, general and administrative expenses increased to$30.4 million compared to$26.6 million. The increase wasprimarily due to the addition of HealthBeacon's selling, generaland administrative expenses as well as overall increases inemployee-related costs and advertising expenses.
Operating profit increased significantly to $10.0 million compared to $0.7 million, mostly due to the expansion ingross profit.
Interest expense, net decreased to $0.1million compared to $0.8million, primarily due to lower average borrowingsoutstanding under the Company's revolving credit facility.
Income tax expense was $3.0million compared to $0.1million, commensurate with the change in operatingincome.
Net income was $6.0 million, or$0.42 per diluted share, compared tonet income of $0.1 million, or$0.01 per diluted share.
Balance Sheet and Cash Flow
For the six months endedJune30, 2024, net cash provided by operating activities was$37.1 million compared to cashprovided of $57.3 million. Networking capital in the current period provided $38.8million compared to $69.0million. The 2024 and 2023 periodsbenefited from a continued focus on collections initiatives thatled to improvements in days sales outstanding (DSO). The 2023period benefited from significant excess inventory reductionactivities. Capital expenditures were $1.5million in the current and prior yearperiods.
The Company allocated its strong cash flow primarily to fund theacquisition of HealthBeacon and to return value to shareholdersthrough the quarterly dividend and share repurchases. OnJune30, 2024, net debt, or total debt minus cash and cashequivalents, was $12.8 millioncompared to $57.8 million onJune30, 2023. The Company paid $3.1million in dividends during the second quarter of 2024 andrepurchased 220,212 shares of its Class A common stock atprevailing market prices for an aggregate purchase price of$4.0 million.
Outlook for Full Year 2024
In 2024, the retailmarketplace for small kitchen appliances is expected to be modestlybelow 2023. The Company expects that continued progress with itsstrategic initiatives will enable it to deliver above marketrevenue performance.
For the full year 2024, the Company continues to expect revenueto increase modestly compared to the full year 2023. As expected,revenue growth in the first half of 2024 was stronger than it isexpected to be in the second half, due to year-over-yearcomparisons. Operating profit for the full year 2024 is expected toincrease significantly compared to the full year 2023 based on anexpansion of gross profit margin. Operating profit growth in thefirst half of 2024 is expected to be stronger than in the secondhalf, mostly due to year-over-year comparisons.
The Company is in the process of finalizing the termination ofits over-funded US defined benefit pension plan, which is expectedto be completed in the third quarter of 2024. Upon termination, theCompany expects to benefit from surplus assets, which were$12.2 million as of December 31, 2023. The Company expects to deploythe surplus assets over the next few years to fund other existingemployee retirement benefits. The Company expects this planned useof the surplus assets will free cash that otherwise would have beenused for this purpose, thereby increasing free cash flow in 2025and 2026. Also upon termination, the Company expects that thedeferred loss within Accumulated Other Comprehensive Income will berecognized as a non-cash charge and reflected in net income. Thedeferred loss is $6.5 million as ofJune 30, 2024.
Progress with the Company's six strategic initiatives isexpected to drive revenue growth, expand margins, and generatestrong cash flow over time. The initiatives are focused onincreasing sales of innovative, higher priced, higher marginproducts in the Company's North American market. The following is asummary of each initiative.
Drive Core Growth: This initiative is focused on drivingthe growth of the Company's flagship Hamilton Beach® andProctor Silex® brands in its core North American market.Both brands have a long history of consumer trust, based onquality, durability and innovation. The Company is a leader indeveloping innovative new products in the small appliance category,which are based on consumer research and designed to improveeveryday living. A number of incremental placements of core brandproducts that were secured last year and this year across multiplecategories and retail customers are expected to benefit the Companythroughout 2024. New products are supported by digital marketing,social media advertising and influencer marketing. HamiltonBeach® is the #1 small kitchen appliance brand in theU.S. based on units sold.
Gain Share in the Premium Market: The Company aims toincrease its participation in the premium small kitchen appliancemarket by developing, licensing and acquiring brands. The Company'sowned premium brands are Hamilton Beach Professional®and Weston®. The Company licenses the brands for WolfGourmet® countertop appliances, CHI® premiumgarment care products, CloroxTM True HEPA air purifiers,and Brita HubTM countertop electric water filtrationappliances. The Company has exclusive multiyear agreements todesign, sell, market, and distribute Bartesian® co*cktailmakers and Numilk® plant-based milk makers.
Accelerate Growth of Hamilton Beach Health: The Companyaims to increase its participation in the large and fast-growinghome health and wellness market. In 2021, the Company created theHamilton Beach Health® brand, drawing on decades ofexperience as a trusted resource in the home. In February 2024, Hamilton Beach Health acquiredHealthBeacon PLC, a medical technology firm and strategic partnerof the Company. HealthBeacon develops digitally connected devicesthat enable patients to manage at home chronic conditions thatrequire the use of injectable medications, and it provides otherhealth services. The primary system offered is called the SmartSharps Bin™ from Hamilton Beach Health. It is provided to patientsin the United States principallythrough specialty pharmacies and globally through conventionalpharmaceutical companies. HealthBeacon's revenue model issubscription based. The acquisition combines the trusted brand nameof Hamilton Beach and the Company's leadership in innovation,engineering, and product development with HealthBeacon's digitalcapabilities, patented technologies, and customer relationships.The Company believes HealthBeacon is an attractive investment withthe potential to increase shareholder value over time as thebusiness is scaled and expanded. Growth plans include adding newpatients with existing pharmacy customers, attracting new pharmacycustomers, and increasing the number of conditions that are treatedusing the system. In 2024, the Hamilton Beach Health business isexpected to have an operating loss due to planned investments inthe business and as HealthBeacon continues in the start-up phase.Hamilton Beach Health is expected to contribute to operating profitin 2025. Hamilton Beach Health is exploring additionalcollaborations to further expand its focus on providing homehealthcare management solutions.
Lead in the Global Commercial Market: The Company is aleading provider of commercial small appliances to the food serviceand hospitality industries worldwide. The HamiltonBeach® brand, with its reputation for performance,reliability and differentiated products, is driving the salesgrowth of commercial products. The Company develops products thatcreate a competitive advantage in its heritage blending and mixingcategories, as well as products that provide for expansion into newcategories. The Company's commercial products are sold in more than100 countries and more than 50% of the revenue is from outside theU.S. Building strength in ecommerce, which is becoming moreimportant in the commercial market, is also a focus.
Accelerate Digital Transformation: The Company has awell-developed ecommerce capability. This initiative focuses oninvestments to gain share in the ecommerce market for consumer andcommercial products. The Company collaborates closely withomnichannel and online-only retail customers to leverage thefast-paced changes in ecommerce. The Company invests in robustdigital marketing to increase awareness and sell-through of itsproducts, including online product content, search engineoptimization, and advertising, attracting favorable reviews andstrong star ratings, and social media strategies. The Company'sU.S. distribution center provides the Company with the capabilityto ship small packages directly to consumers in partnership withretail customers.
Leverage Partnerships and Acquisitions: This initiativeis focused on identifying and securing businesses with a strategicfit to the Company's portfolio. The Company is actively engaged inthe pursuit of additional trademark licensing agreements, strategicalliances, and acquisitions to drive growth in all markets.
Conference Call
The Company will conduct an earningsconference call and webcast on Thursday,August 1, 2024, at 9:30 a.m. Easterntime. The call may be accessed by dialing 888-350-3452 (tollfree), International 647-362-9199. Conference ID: 1809480. Theconference call will be webcast live on the Company's InvestorRelations website at www.hamiltonbeachbrands.com. An archive of thewebcast will be available on the website.
About Hamilton Beach Brands Holding Company
HamiltonBeach Brands Holding Company is a leading designer, marketer, anddistributor of a wide range of brand name small electric householdand specialty housewares appliances, and commercial products forrestaurants, fast food chains, bars, and hotels, and is a providerof connected devices and software for healthcare management. TheCompany's owned consumer brands include Hamilton Beach®,Proctor Silex®, Hamilton Beach Professional®,Weston®, and TrueAir®. The Company's ownedcommercial brands include Hamilton BeachCommercial®and Proctor SilexCommercial®. The Company licenses the brands for WolfGourmet®countertop appliances,CHI®premium garment care products,CloroxTM True HEPA air purifiers, and BritaHubTMcountertop electric water filtrationappliances. The Company has exclusive multiyear agreements todesign, sell, market, and distribute Bartesian® co*cktailmakers and Numilk® plant-based milk makers. TheCompany's Hamilton Beach Health subsidiary is focused on expandingthe Company's participation in the home health and medical markets.In February 2024, Hamilton BeachHealth acquired HealthBeacon, a medical technology firm andstrategic partner of the Company since 2021. HealthBeacon developsconnected devices that enable patients to manage at home chronicconditions that require the use of injectable medications, and itprovides other health services. For more information about HamiltonBeach Brands Holding Company, visit hamiltonbeachbrands.com.
Forward-Looking Statements
The statements contained inthis news release that are not historical facts are"forward-looking statements" within the meaning of Section 27A ofthe Securities Act of 1933 and Section 21E of the Exchange Act.These forward-looking statements are made subject to certain risksand uncertainties, which could cause actual results to differmaterially from those presented. Readers are cautioned not to placeundue reliance on these forward-looking statements, which speakonly as of the date hereof. The Company undertakes no obligation topublicly revise these forward-looking statements to reflect eventsor circ*mstances that arise after the date hereof. Such risks anduncertainties include, without limitation: (1) uncertain orunfavorable global economic conditions and impacts from globalmilitary conflicts; (2) the Company's ability to source and shipproducts to meet anticipated demand; (3) the Company's ability tosuccessfully manage constraints throughout the globaltransportation supply chain; (4) changes in the sales prices,product mix or levels of consumer purchases of small electric andspecialty housewares appliances; (5) changes in consumer retail andcredit markets, including the increasing volume of transactionsmade through third-party internet sellers; (6) bankruptcy of orloss of major retail customers or suppliers; (7) changes in costs,including transportation costs, of sourced products; (8) delays indelivery of sourced products; (9) changes in or unavailability ofquality or cost effective suppliers; (10) exchange ratefluctuations, changes in the import tariffs and monetary policiesand other changes in the regulatory climate in the countries inwhich the Company operates or buys and/or sells products; (11) theimpact of tariffs on customer purchasing patterns; (12) productliability, regulatory actions or other litigation, warranty claimsor returns of products; (13) customer acceptance of, changes incosts of or delays in the development of new products; (14)increased competition, including consolidation within the industry;(15) changes in customers' inventory management strategies; (16)shifts in consumer shopping patterns, gasoline prices, weatherconditions, the level of consumer confidence and disposable incomeas a result of economic conditions, unemployment rates or otherevents or conditions that may adversely affect the level ofcustomer purchases of the Company's products; (17) changes mandatedby federal, state and other regulation, including tax, health,safety or environmental legislation; (18) the Company's ability toidentify, acquire or develop, and successfully integrate, newbusinesses or new product lines; and (19) other risk factors,including those described in the Company's filings with theSecurities and Exchange Commission, including, but not limited to,the Annual Report on Form 10-K for the year ended December 31, 2023. Furthermore, the future impactof unfavorable economic conditions, including inflation, changinginterest rates, availability of capital markets and consumerspending rates remains uncertain. In uncertain economicenvironments, we cannot predict whether or when such circ*mstancesmay improve or worsen, or what impact, if any, such circ*mstancescould have on our business, results of operations, cash flows andfinancial position.
HAMILTON BEACHBRANDS HOLDING COMPANY CONSOLIDATEDSTATEMENTS OF OPERATIONS (Unaudited) | |||||||
THREE MONTHSENDED JUNE 30 | SIX MONTHSENDED JUNE 30 | ||||||
2024 | 2023 | 2024 | 2023 | ||||
(In thousands, exceptper | (In thousands, exceptper | ||||||
Revenue | $ 156,240 | $ 137,109 | $ 284,517 | $ 265,361 | |||
Cost ofsales | 115,744 | 109,693 | 213,967 | 217,035 | |||
Grossprofit | 40,496 | 27,416 | 70,550 | 48,326 | |||
Selling, general andadministrative expenses | 30,397 | 26,640 | 61,344 | 52,559 | |||
Amortization ofintangible assets | 143 | 50 | 193 | 100 | |||
Operating profit(loss) | 9,956 | 726 | 9,013 | (4,333) | |||
Interest expense,net | 115 | 773 | 271 | 2,042 | |||
Other expense (income),net | 883 | (271) | 1,056 | (255) | |||
Income (loss) beforeincome taxes | 8,958 | 224 | 7,686 | (6,120) | |||
Income tax expense(benefit) | 2,972 | 114 | 2,862 | (1,453) | |||
Net income(loss) | $5,986 | $110 | $4,824 | $(4,667) | |||
Basic and dilutedearnings (loss) per share | $0.42 | $0.01 | $0.34 | $(0.33) | |||
Basic weightedaverage shares outstanding | 14,113 | 14,081 | 14,137 | 14,077 | |||
Diluted weightedaverage shares outstanding | 14,127 | 14,110 | 14,152 | 14,077 | |||
HAMILTON BEACHBRANDS HOLDING COMPANY CONSOLIDATED BALANCESHEETS (Unaudited) | |||||
JUNE 30 | DECEMBER 31 | JUNE 30 | |||
(Inthousands) | |||||
Assets | |||||
Currentassets | |||||
Cash and cashequivalents | $37,213 | $15,370 | $2,071 | ||
Trade receivables,net | 85,038 | 135,434 | 89,898 | ||
Inventory | 130,197 | 126,554 | 137,224 | ||
Prepaid expenses andother current assets | 12,544 | 9,457 | 13,793 | ||
Total currentassets | 264,992 | 286,815 | 242,986 | ||
Property, plant andequipment, net | 35,395 | 27,401 | 27,241 | ||
Right-of-use leaseassets | 37,486 | 39,423 | 41,546 | ||
Goodwill | 7,099 | 6,253 | 6,253 | ||
Other intangibleassets, net | 2,210 | 1,292 | 1,392 | ||
Deferred incometaxes | 2,005 | 2,581 | 2,853 | ||
Deferredcosts | 14,523 | 14,613 | 14,419 | ||
Other non-currentassets | 6,186 | 6,324 | 6,687 | ||
Totalassets | $369,896 | $384,702 | $343,377 | ||
Liabilities andstockholders' equity | |||||
Currentliabilities | |||||
Accountspayable | $96,452 | $99,704 | $84,098 | ||
Revolving creditagreements | 50,000 | — | — | ||
Accruedcompensation | 8,244 | 14,948 | 7,729 | ||
Accrued productreturns | 6,338 | 6,232 | 5,605 | ||
Leaseliabilities | 5,838 | 6,155 | 6,088 | ||
Other currentliabilities | 10,773 | 12,549 | 11,980 | ||
Total currentliabilities | 177,645 | 139,588 | 115,500 | ||
Revolving creditagreements | — | 50,000 | 59,911 | ||
Lease liabilities,non-current | 40,489 | 41,937 | 44,480 | ||
Other long-termliabilities | 6,030 | 5,910 | 5,120 | ||
Totalliabilities | 224,164 | 237,435 | 225,011 | ||
Stockholders'equity | |||||
Preferred stock, parvalue $0.01 per share | — | — | — | ||
ClassA Commonstock | 114 | 112 | 111 | ||
ClassB Commonstock | 36 | 36 | 36 | ||
Capital in excess ofpar value | 73,483 | 70,401 | 66,765 | ||
Treasurystock | (16,552) | (12,013) | (9,514) | ||
Retainedearnings | 101,078 | 99,398 | 72,563 | ||
Accumulated othercomprehensive loss | (12,427) | (10,667) | (11,595) | ||
Total stockholders'equity | 145,732 | 147,267 | 118,366 | ||
Total liabilitiesand stockholders' equity | $369,896 | $384,702 | $343,377 | ||
HAMILTON BEACHBRANDS HOLDING COMPANY CONSOLIDATEDSTATEMENTS OF CASH FLOWS (Unaudited) | |||
SIX MONTHSENDED JUNE 30 | |||
2024 | 2023 | ||
(Inthousands) | |||
Operatingactivities | |||
Net income(loss) | $4,824 | $(4,667) | |
Adjustments toreconcile net income (loss) to net cash provided by (used for)operating activities: | |||
Depreciation andamortization | 2,628 | 2,128 | |
Stock compensationexpense | 3,084 | 1,759 | |
Other | 1,610 | (611) | |
Net changes inoperating assets and liabilities: | |||
Tradereceivables | 49,582 | 26,393 | |
Inventory | (7,657) | 20,390 | |
Otherassets | (2,622) | 396 | |
Accountspayable | (3,076) | 22,240 | |
Otherliabilities | (11,302) | (10,768) | |
Net cash provided by(used for) operating activities | 37,071 | 57,260 | |
Investingactivities | |||
Expenditures forproperty, plant and equipment | (1,540) | (1,486) | |
Acquisition ofbusiness, net of cash acquired | (7,412) | — | |
Issuance of securedloan | (600) | — | |
Repayment of securedloan | 2,205 | — | |
Other | — | (150) | |
Net cash provided by(used for) investing activities | (7,347) | (1,636) | |
Financingactivities | |||
Net additions(reductions) to revolving credit agreements | — | (51,058) | |
Purchase of treasurystock | (4,539) | (575) | |
Cash dividendspaid | (3,144) | (3,008) | |
Net cash provided by(used for) financing activities | (7,683) | (54,641) | |
Effect of exchangerate changes on cash, cash equivalents and restrictedcash | (252) | 182 | |
Cash, cashequivalents and restricted cash | |||
Increase (decrease)for the period | 21,789 | 1,165 | |
Balance at thebeginning of the period | 16,379 | 1,905 | |
Balance at the endof the period | $38,168 | $3,070 | |
Reconciliation ofcash, cash equivalents and restricted cash | |||
Cash and cashequivalents | $37,213 | $2,071 | |
Restricted cashincluded in prepaid expenses and other current assets | 50 | 63 | |
Restricted cashincluded in other non-current assets | 905 | 936 | |
Total cash, cashequivalents and restricted cash | $38,168 | $3,070 | |
Reconciliation of Non-GAAP Financial Measures to ReportedFinancial Measures: Net Debt
Net debt is a non-GAAP financial measure that management uses inevaluating financial position. Net debt is defined as long-termdebt less cash and cash equivalents. Management believes net debtis an important measure of the Company's financial position due tothe amount of cash and cash equivalents on hand. The presentationof this measure is not intended to be considered in isolation from,as a substitute for, or as superior to, the financial informationprepared and presented in accordance with U.S. GAAP. Thepresentation of this measure may be different from non-GAAPfinancial measures used by other companies. A reconciliation ofthis measure to its most directly comparable GAAP measure isprovided in the table below:
SIX MONTHS ENDED | |||
2024 | 2023 | ||
(Inmillions) | |||
Total debt | $50.0 | $59.9 | |
Less: cash | $(37.2) | $(2.1) | |
Net debt | $12.8 | $57.8 | |
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Securities to be offered to employees in employee benefit plans","short_text":"","one_line_short_text":"","link":"https:\/\/ih.advfn.com\/stock-market\/NYSE\/hamilton-beach-brands-HBB\/stock-news\/93818596\/form-s-8-securities-to-be-offered-to-employees-i","source":"Edgar (US Regulatory)","source_logo":"\/common\/images\/news-sources\/edgar2.png","tags":["REGULATORY"],"timestamp":1715286082,"date":"Thu May 09, 2024 ","time":"4:21 PM (3 months ago)","full_date":"May 9, 2024 4:21 PM","post_time":"May 09 2024","article_id":93818596,"source_id":"edgar2","media_url":null,"press_release":true},{"headline":"Form S-8 - Securities to be offered to employees in employee benefit plans","short_text":"","one_line_short_text":"","link":"https:\/\/ih.advfn.com\/stock-market\/NYSE\/hamilton-beach-brands-HBB\/stock-news\/93818523\/form-s-8-securities-to-be-offered-to-employees-i","source":"Edgar (US Regulatory)","source_logo":"\/common\/images\/news-sources\/edgar2.png","tags":["REGULATORY"],"timestamp":1715285919,"date":"Thu May 09, 2024 ","time":"4:18 PM (3 months ago)","full_date":"May 9, 2024 4:18 PM","post_time":"May 09 2024","article_id":93818523,"source_id":"edgar2","media_url":null,"press_release":true},{"headline":"HAMILTON BEACH BRANDS HOLDING COMPANY ANNOUNCES FIRST QUARTER 2024 RESULTS","short_text":" HAMILTON BEACH BRANDS HOLDING COMPANY ANNOUNCES FIRST QUARTER 2024 RESULTS\nPR Newswire\nGLEN ALLEN, Va., May 7, 2024 GLEN ALLEN, Va., May 7, 2024 \/PRNewswire\/ -- Hamilton Beach Brands Holding...","one_line_short_text":" HAMILTON BEACH BRANDS HOLDING COMPANY ANNOUNCES FIRST QUARTER 2024 RESULTS\nPR Newswire\nGLEN ALLEN, Va., May 7, 2024 GLEN ALLEN, Va., May 7, 2024...","link":"https:\/\/ih.advfn.com\/stock-market\/NYSE\/hamilton-beach-brands-HBB\/stock-news\/93796029\/hamilton-beach-brands-holding-company-announces-fi","source":"PR Newswire (US)","source_logo":"\/common\/images\/news-sources\/prnus.png","tags":[],"timestamp":1715114040,"date":"Tue May 07, 2024 ","time":"4:34 PM (3 months ago)","full_date":"May 7, 2024 4:34 PM","post_time":"May 07 2024","article_id":93796029,"source_id":"prnus","media_url":null,"press_release":true},{"headline":"Form 8-K - Current report","short_text":"","one_line_short_text":"","link":"https:\/\/ih.advfn.com\/stock-market\/NYSE\/hamilton-beach-brands-HBB\/stock-news\/93796026\/form-8-k-current-report","source":"Edgar (US Regulatory)","source_logo":"\/common\/images\/news-sources\/edgar2.png","tags":["REGULATORY"],"timestamp":1715114033,"date":"Tue May 07, 2024 ","time":"4:33 PM (3 months ago)","full_date":"May 7, 2024 4:33 PM","post_time":"May 07 2024","article_id":93796026,"source_id":"edgar2","media_url":null,"press_release":true},{"headline":"Form 10-Q - Quarterly report [Sections 13 or 15(d)]","short_text":"","one_line_short_text":"","link":"https:\/\/ih.advfn.com\/stock-market\/NYSE\/hamilton-beach-brands-HBB\/stock-news\/93796006\/form-10-q-quarterly-report-sections-13-or-15d","source":"Edgar (US Regulatory)","source_logo":"\/common\/images\/news-sources\/edgar2.png","tags":["REGULATORY"],"timestamp":1715113959,"date":"Tue May 07, 2024 ","time":"4:32 PM (3 months ago)","full_date":"May 7, 2024 4:32 PM","post_time":"May 07 2024","article_id":93796006,"source_id":"edgar2","media_url":null,"press_release":true}],"All News": [{"headline":"HAMILTON BEACH BRANDS HOLDING COMPANY ANNOUNCES SECOND QUARTER 2024 RESULTS","short_text":" HAMILTON BEACH BRANDS HOLDING COMPANY ANNOUNCES SECOND QUARTER 2024 RESULTS\nPR Newswire\nGLEN ALLEN, Va., July 31, 2024 GLEN ALLEN, Va., July 31, 2024 \/PRNewswire\/ -- Hamilton Beach Brands Holding...","one_line_short_text":" HAMILTON BEACH BRANDS HOLDING COMPANY ANNOUNCES SECOND QUARTER 2024 RESULTS\nPR Newswire\nGLEN ALLEN, Va., July 31, 2024 GLEN ALLEN, Va., July 31...","link":"https:\/\/ih.advfn.com\/stock-market\/NYSE\/hamilton-beach-brands-HBB\/stock-news\/94287902\/hamilton-beach-brands-holding-company-announces-se","source":"PR Newswire (US)","source_logo":"\/common\/images\/news-sources\/prnus.png","tags":[],"timestamp":1722457800,"date":"Wed Jul 31, 2024 ","time":"4:30 PM (2 weeks ago)","full_date":"July 31, 2024 4:30 PM","post_time":"July 31 2024","article_id":94287902,"source_id":"prnus","media_url":null,"press_release":true},{"headline":"Form 8-K - 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Specialized disclosure report","short_text":"","one_line_short_text":"","link":"https:\/\/ih.advfn.com\/stock-market\/NYSE\/hamilton-beach-brands-HBB\/stock-news\/93918400\/form-sd-specialized-disclosure-report","source":"Edgar (US Regulatory)","source_logo":"\/common\/images\/news-sources\/edgar2.png","tags":["REGULATORY"],"timestamp":1716496887,"date":"Thu May 23, 2024 ","time":"4:41 PM (3 months ago)","full_date":"May 23, 2024 4:41 PM","post_time":"May 23 2024","article_id":93918400,"source_id":"edgar2","media_url":null,"press_release":true},{"headline":"Form 8-K - Current report","short_text":"","one_line_short_text":"","link":"https:\/\/ih.advfn.com\/stock-market\/NYSE\/hamilton-beach-brands-HBB\/stock-news\/93838939\/form-8-k-current-report","source":"Edgar (US Regulatory)","source_logo":"\/common\/images\/news-sources\/edgar2.png","tags":["REGULATORY"],"timestamp":1715633649,"date":"Mon May 13, 2024 ","time":"4:54 PM (3 months ago)","full_date":"May 13, 2024 4:54 PM","post_time":"May 13 2024","article_id":93838939,"source_id":"edgar2","media_url":null,"press_release":true},{"headline":"HAMILTON BEACH BRANDS HOLDING COMPANY ANNOUNCES QUARTERLY DIVIDEND INCREASE","short_text":" HAMILTON BEACH BRANDS HOLDING COMPANY ANNOUNCES QUARTERLY DIVIDEND INCREASE\nPR Newswire\nGLEN ALLEN, Va., May 10, 2024 GLEN ALLEN, Va., May 10, 2024 \/PRNewswire\/ -- The Board of Directors of...","one_line_short_text":" HAMILTON BEACH BRANDS HOLDING COMPANY ANNOUNCES QUARTERLY DIVIDEND INCREASE\nPR Newswire\nGLEN ALLEN, Va., May 10, 2024 GLEN ALLEN, Va., May 10...","link":"https:\/\/ih.advfn.com\/stock-market\/NYSE\/hamilton-beach-brands-HBB\/stock-news\/93827992\/hamilton-beach-brands-holding-company-announces-qu","source":"PR Newswire (US)","source_logo":"\/common\/images\/news-sources\/prnus.png","tags":[],"timestamp":1715372340,"date":"Fri May 10, 2024 ","time":"4:19 PM (3 months ago)","full_date":"May 10, 2024 4:19 PM","post_time":"May 10 2024","article_id":93827992,"source_id":"prnus","media_url":null,"press_release":true},{"headline":"Form S-8 - Securities to be offered to employees in employee benefit plans","short_text":"","one_line_short_text":"","link":"https:\/\/ih.advfn.com\/stock-market\/NYSE\/hamilton-beach-brands-HBB\/stock-news\/93818596\/form-s-8-securities-to-be-offered-to-employees-i","source":"Edgar (US Regulatory)","source_logo":"\/common\/images\/news-sources\/edgar2.png","tags":["REGULATORY"],"timestamp":1715286082,"date":"Thu May 09, 2024 ","time":"4:21 PM (3 months ago)","full_date":"May 9, 2024 4:21 PM","post_time":"May 09 2024","article_id":93818596,"source_id":"edgar2","media_url":null,"press_release":true},{"headline":"Form S-8 - Securities to be offered to employees in employee benefit plans","short_text":"","one_line_short_text":"","link":"https:\/\/ih.advfn.com\/stock-market\/NYSE\/hamilton-beach-brands-HBB\/stock-news\/93818523\/form-s-8-securities-to-be-offered-to-employees-i","source":"Edgar (US Regulatory)","source_logo":"\/common\/images\/news-sources\/edgar2.png","tags":["REGULATORY"],"timestamp":1715285919,"date":"Thu May 09, 2024 ","time":"4:18 PM (3 months ago)","full_date":"May 9, 2024 4:18 PM","post_time":"May 09 2024","article_id":93818523,"source_id":"edgar2","media_url":null,"press_release":true},{"headline":"HAMILTON BEACH BRANDS HOLDING COMPANY ANNOUNCES FIRST QUARTER 2024 RESULTS","short_text":" HAMILTON BEACH BRANDS HOLDING COMPANY ANNOUNCES FIRST QUARTER 2024 RESULTS\nPR Newswire\nGLEN ALLEN, Va., May 7, 2024 GLEN ALLEN, Va., May 7, 2024 \/PRNewswire\/ -- Hamilton Beach Brands Holding...","one_line_short_text":" HAMILTON BEACH BRANDS HOLDING COMPANY ANNOUNCES FIRST QUARTER 2024 RESULTS\nPR Newswire\nGLEN ALLEN, Va., May 7, 2024 GLEN ALLEN, Va., May 7, 2024...","link":"https:\/\/ih.advfn.com\/stock-market\/NYSE\/hamilton-beach-brands-HBB\/stock-news\/93796029\/hamilton-beach-brands-holding-company-announces-fi","source":"PR Newswire (US)","source_logo":"\/common\/images\/news-sources\/prnus.png","tags":[],"timestamp":1715114040,"date":"Tue May 07, 2024 ","time":"4:34 PM (3 months ago)","full_date":"May 7, 2024 4:34 PM","post_time":"May 07 2024","article_id":93796029,"source_id":"prnus","media_url":null,"press_release":true},{"headline":"Form 8-K - Current report","short_text":"","one_line_short_text":"","link":"https:\/\/ih.advfn.com\/stock-market\/NYSE\/hamilton-beach-brands-HBB\/stock-news\/93796026\/form-8-k-current-report","source":"Edgar (US Regulatory)","source_logo":"\/common\/images\/news-sources\/edgar2.png","tags":["REGULATORY"],"timestamp":1715114033,"date":"Tue May 07, 2024 ","time":"4:33 PM (3 months ago)","full_date":"May 7, 2024 4:33 PM","post_time":"May 07 2024","article_id":93796026,"source_id":"edgar2","media_url":null,"press_release":true},{"headline":"Form 10-Q - Quarterly report [Sections 13 or 15(d)]","short_text":"","one_line_short_text":"","link":"https:\/\/ih.advfn.com\/stock-market\/NYSE\/hamilton-beach-brands-HBB\/stock-news\/93796006\/form-10-q-quarterly-report-sections-13-or-15d","source":"Edgar (US Regulatory)","source_logo":"\/common\/images\/news-sources\/edgar2.png","tags":["REGULATORY"],"timestamp":1715113959,"date":"Tue May 07, 2024 ","time":"4:32 PM (3 months ago)","full_date":"May 7, 2024 4:32 PM","post_time":"May 07 2024","article_id":93796006,"source_id":"edgar2","media_url":null,"press_release":true}],"Preferred Contributors": ""}},created: function () {this.loaded = true;Vue.nextTick(function(){});}});});
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