Hamilton Beach HBB
Hamilton Beach is a designer, marketer and distributor of kitchen appliances.
- Ticker
- HBB
- Headquarters
- Glen Allen, Virginia
- CEO
- Scott Tidey
- IPO year
- Spinoff 2017
- Sector
- Kitchen Appliances
- Website
- hamiltonbeach.com
- Management
- Team & leadership ↗
Notes & Takes
"In 2024, Walmart accounted for 29% of Hamilton Beach's total revenue, while Amazon accounted for 24%.
Tariffs really screwed with them in 2025 as retailers paused orders from China where most of their products are imported from. Orders didn't immediately rebound in Q2 or Q3 which makes me suspicious. It appears Shark Ninja is eating away at market share."
Company Financials
Quarterly Headlines
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Hamilton Beach Q1 2026
Mar 31, 2026
- Revenue declined 8.6%
- Gross margin increased 5% to 29.7% vs. Q1 last year
- Operating profit of $5 mill vs. $2.3 mill Q1 last year
- Net income of $3.5 mill
- Paid dividends of $1.6 mill
- Repurchases shares spending $900K
- We continue to guide toward mid single digit revenue growth and cash flow minus cash flow used for investing activities to be $35 to $45 mill
Hamilton Beach Q4 2025
Dec 31, 2025
- Revenue was flat
- Gross margin increased to 28.3%
- Operating profit increased 8% to $25.4 million
- Diluted EPS of $1.38
- Total revenue for the year was down 7% with operating profits down 15%
- Total debt of $50 million with $47 million in cash
- Guiding for mid single digit revenue growth in 2026 with operating income down 13%
Hamilton Beach Q3 2025
Sep 30, 2025
- Revenue down 15%
- Gross margin decreased to 21% due to tariffs (vs. 28% margins last year)
- Operating profit decreased to $2.9 million
- Net cash used for operating activities was $14 million down $49 million YoY
- Repurchased $600K worth of shares
- Revenue declines were driven by lower volumes in our consumer business including a delay in orders from one large retailer as they assessed inventory
Hamilton Beach Q2 2025
Jun 30, 2025
- Revenue down 18.5% (retailers paused buying during tariffs announcements. Once things settled down they resumed purchasing)
- Gross margin of 27.4%
- Operating profit of $5.9 mill down 40%
- Capital expenditures of $1.4 million first 6 months
- Cash dividends of $3.2 mill and $7.3 mill of share repurchases first 6 months
- $11 mill of cash and $50 mill of debt
- Our retail partners have been understanding and accepting of our price adjustments
- 8% reduction in workforce and cost cutting expecting to benefit from $10 million in savings
Hamilton Beach Q1 2025
Mar 31, 2025
- Revenue increased 4% to $133 million due to favorable product mix and increased volume
- Gross margin increased 120 basis points to 24.6%
- Operating profit increased to $2.3 million vs. $0.9 million
- Cash flow from operating activities was $6.6 million vs. $19.7 million
- Total debt was $50 million with $48 million in cash
- Capital expenditures of $0.5 million
- Spent $2.7 million repurchasing shares and paid $1.6 million in dividends
Hamilton Beach Q4 2024
Dec 31, 2024
- Revenue increased 3.3% to $213 million
- Gross margin decreased 70 basis points to 26.1%
- Operating profit decreased 5.7% to $23.6 million
- The acquisition of Health Beacon in Feb 2024 added $1.7 million of revenue in 2024
Hamilton Beach Q3 2024
Sep 30, 2024
- Revenues up 2% YoY
- Gross profit margin of 28%
- Operating profit of $10.6 million vs. $14.4 million last year, because of higher SGA
- Net cash provided by operating activities was $35.2 million first 9 months of 2024
- Outlook for 2024 includes a modest increase in revenue and significant increase in operating profit due to gross margin expansion
- On Sept 30 2024 cash was $22 million and debt was $50 million
- First 9 months the company paid out $4.7 million in dividends and repurchased shares spending $9.3 million
Hamilton Beach Q2 2024
Jun 30, 2024
- Revenues up 14% YoY
- Gross profit margin of 25.9%
- Operating profit of $10 million vs. $0.7 million YoY
- Outlook for 2024 includes a modest increase in revenue and a significant increase in operating profit based on gross margin expansion
- First 6 months cash provided by operating activities was $37.1 million
- Dividends of $3.1 million paid YTD along with $4 million in share repurchases
Hamilton Beach Q1 2024
Mar 31, 2024
- Revenue was flat YoY
- Gross margin of 23.4%
- Operating loss of $0.9 million versus a loss of $5.1 million YoY
- Cash provided by operating activities was $19.7 million
- $1.5 million in dividends paid out
- Cash of $26 million and debt of $50 million