Hamilton Beach Brands Holding Co
NYSE:HBB
Hamilton Beach Brands Holding Co
Hamilton Beach Brands Holding Co. is a holding company, which engages in designing, marketing and distribution of branded small electric household and specialty housewares appliances, as well as commercial products for restaurants, fast food chains, bars and hotels. The company is headquartered in Glen Allen, Virginia and currently employs 700 full-time employees. The company went IPO on 2017-09-26. HBB is a designer, marketer, and distributor of a range of branded, small electric household and specialty housewares appliances, including air fryers, blenders, coffee makers, food processors, indoor electric grills, irons, juicers, mixers, slow cookers, toasters, and toaster ovens, as well as commercial products for restaurants, fast food chains, bars, and hotels. HBB operates in the consumer, commercial and specialty small appliance markets. HBB markets its consumer products under the Hamilton Beach and Proctor Silex brands. HBB participates in the premium market with its owned brands Hamilton Beach Professional and Weston farm-to-table and field-to-table food processing equipment. HBB markets its commercial products under the Hamilton Beach Commercial and the Proctor Silex Commercial brands. The firm also sells personal care products.
Hamilton Beach Brands Holding Co. is a holding company, which engages in designing, marketing and distribution of branded small electric household and specialty housewares appliances, as well as commercial products for restaurants, fast food chains, bars and hotels. The company is headquartered in Glen Allen, Virginia and currently employs 700 full-time employees. The company went IPO on 2017-09-26. HBB is a designer, marketer, and distributor of a range of branded, small electric household and specialty housewares appliances, including air fryers, blenders, coffee makers, food processors, indoor electric grills, irons, juicers, mixers, slow cookers, toasters, and toaster ovens, as well as commercial products for restaurants, fast food chains, bars, and hotels. HBB operates in the consumer, commercial and specialty small appliance markets. HBB markets its consumer products under the Hamilton Beach and Proctor Silex brands. HBB participates in the premium market with its owned brands Hamilton Beach Professional and Weston farm-to-table and field-to-table food processing equipment. HBB markets its commercial products under the Hamilton Beach Commercial and the Proctor Silex Commercial brands. The firm also sells personal care products.
Revenue Decline: Third quarter revenue was $132.8 million, down 15.2% from last year, mainly due to lower U.S. consumer demand and retailer order delays.
Tariff Impact: Profitability was hit by a one-time $5 million cost from temporary 125% tariffs on Chinese imports, which management says is now fully absorbed.
Margin Recovery Ahead: Gross margin dropped to 21.1% from 28% last year, but is expected to recover as tariff effects fade and pricing actions take hold.
Cost Savings: $10 million in annualized cost savings began to benefit results in Q3, supporting future profitability.
Retail Normalization: Retailer buying patterns have largely returned to normal after inventory pauses, and promotional activity in Q4 is expected to be strong.
Growth in Premium and Health Divisions: Premium Lotus brand launched strongly, and the Health division achieved its first operating profit.
Guidance: Management expects improved sales and gross margins in Q4, with continued recovery into 2026.
