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Hamilton Beach Brands Holding Company (HBB)
NYSE:HBB
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Earnings Data
Report Date
Mar 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: -46.28%
|Next Earnings Date:Mar 05, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong revenue growth, gross profit margin expansion, and strategic initiatives in premium and commercial markets. However, increased SG&A expenses and challenges in international markets posed some concerns. Despite these, the overall outlook remains positive with expectations of continued growth and profitability.Company Guidance
During the Q3 2024 earnings call for Hamilton Beach Brands Holding Company, the company reaffirmed its full-year guidance, emphasizing expected modest revenue growth and a significant increase in operating profit compared to 2023. The financial performance in Q3 included a 2% increase in revenue to $156.7 million and a gross profit margin expansion of 190 basis points to 28%, driven by favorable product mix and lower costs. Despite challenges from noncash expenses, such as a $7.6 million pension termination charge and increased equity incentive compensation due to a 77% stock price appreciation, the company remains optimistic about its strategic initiatives. These initiatives, including advancements in premium markets and commercial sectors, along with new product launches, are anticipated to sustain gross margin improvements and bolster market share.Revenue and Gross Profit Growth
For the first 9 months of 2024, revenue grew by 5.3% compared to the same period last year. Gross profit margin expanded by 480 basis points to 25.9%.
Third Quarter Financial Performance
In Q3 2024, revenue increased by 2% compared to the same period last year, with a gross profit margin expansion of 190 basis points.
Premium Market Expansion
The company is gaining share in the premium market, which is growing faster than the overall market, through owned brands and partnerships.
Commercial Market Growth Potential
The global commercial market represents significant growth potential, with investments in higher-margin products and strategic partnerships.
Hamilton Beach Health Initiative
Acquisition of HealthBeacon aims to accelerate growth in home health care management, with expected contributions to operating profit in 2025.
Strong Cash Flow and Debt Reduction
Net cash provided by operating activities was $35.2 million for the first 9 months of 2024, with net debt reduced to $22.5 million from $49.7 million.
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Hamilton Beach Brands Holding Company (HBB) Earnings, Revenues Date & History
HBB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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HBB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $30.82 | $27.48 | -10.84% |
| Jul 31, 2024 | $19.34 | $19.58 | +1.24% |
| May 07, 2024 | $23.06 | $23.57 | +2.21% |
| Mar 06, 2024 | $18.14 | $19.32 | +6.50% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Hamilton Beach Brands Holding Company (HBB) report earnings?
Hamilton Beach Brands Holding Company (HBB) is schdueled to report earning on Mar 05, 2025, TBA Not Confirmed.
What is Hamilton Beach Brands Holding Company (HBB) earnings time?
Hamilton Beach Brands Holding Company (HBB) earnings time is at Mar 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HBB EPS forecast?
Currently, no data Available
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