Hamilton Beach Brands Holding Co HBB
Throughout this Annual Report on Form 10-K and the notes to consolidated financial statements, references to "Hamilton Beach Holding", "the Company", "we", "us" and "our" and similar references are to Hamilton Beach Brands Holding Company and its subsidiaries on a consolidated basis unless otherwise noted or as the context otherwise requires. Hamilton Beach Brands Holding Company is a holding company and operates through its indirect, wholly owned subsidiary, Hamilton Beach Brands, Inc., a Delaware corporation ("HBB").
We are a leading designer, marketer and distributor of a wide range of brand name small electric household and specialty housewares appliances, and commercial products for restaurants, fast food chains, bars and hotels, and a provider of connected devices and software for home healthcare management.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $606.9M | $654.7M | $625.6M | $640.9M | $658.4M | $603.7M | $611.8M | $630.1M | $612.1M | $745.4M |
| Cost of revenue | $450.7M | $484.5M | $481.9M | $511.8M | $521.9M | $465.1M | $483.2M | $491.0M | $475.9M | $551.6M |
| Gross profit | $156.2M | $170.2M | $143.7M | $129.1M | $136.5M | $138.7M | $128.6M | $139.1M | $136.1M | $193.8M |
| R&D | $13.2M | $13.7M | $12.4M | $11.8M | $8.6M | $10.0M | $12.1M | $11.0M | $10.4M | $9.7M |
| SG&A | $119.3M | $126.7M | $108.4M | $90.1M | $104.8M | $100.0M | $100.4M | $104.1M | $96.8M | $149.0M |
| Total operating expenses | — | — | — | — | — | — | — | — | $155.7M | $150.4M |
| Operating income | $36.6M | $43.2M | $35.1M | $38.8M | $31.5M | $37.4M | $26.8M | $33.5M | $38.0M | $43.4M |
| Interest expense | $703.0K | $613.0K | $3.0M | $4.6M | $2.9M | $2.0M | $3.0M | $2.9M | $1.6M | $1.4M |
| Pre-tax income | $35.6M | $33.4M | $31.7M | $32.4M | $29.0M | $33.7M | $24.2M | $30.5M | $37.1M | $41.2M |
| Income tax | $9.2M | $2.6M | $6.5M | $7.2M | $7.7M | $9.7M | $9.1M | $7.4M | $19.0M | $15.0M |
| Net income | $26.5M | $30.8M | $25.2M | $25.3M | $21.3M | $46.3M | -$13.5M | $17.7M | $15.9M | $26.2M |
| EPS, basic | 1.95 | 2.20 | 1.80 | 1.81 | 1.54 | 3.39 | -0.99 | 1.29 | 1.31 | 1.91 |
| EPS, diluted | 1.95 | 2.20 | 1.80 | 1.81 | 1.53 | 3.37 | -0.99 | 1.29 | 1.16 | 1.91 |
| Shares, diluted (wtd. avg.) | $13.6M | $14.0M | $14.1M | $14.0M | $13.9M | $13.7M | $13.7M | $13.7M | $13.7M | $13.7M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $47.3M | $45.6M | $15.4M | $1.9M | $2.1M | $3.4M | $2.1M | $4.4M | $1.8M | $11.3M |
| Inventory | $133.8M | $124.9M | $126.6M | $156.0M | $183.4M | $174.0M | $109.8M | $138.7M | $132.7M | $128.4M |
| Total current assets | $304.7M | $303.7M | $286.8M | $284.7M | $318.4M | $336.3M | $237.1M | $261.5M | $257.6M | $252.4M |
| Property, plant and equipment | $30.3M | $34.4M | $27.4M | $27.8M | $30.5M | $23.5M | $22.3M | $20.8M | $16.0M | $15.9M |
| Goodwill | $7.1M | $7.1M | $6.3M | $6.3M | $6.3M | $6.3M | $6.3M | $6.3M | $6.3M | $6.3M |
| Other intangibles | $2.1M | $2.1M | $1.3M | $1.5M | $1.7M | $1.9M | $3.1M | $5.2M | $5.6M | $7.3M |
| Total assets | $397.6M | $415.1M | $384.7M | $388.9M | $382.5M | $391.2M | $288.7M | $319.6M | $316.4M | $310.8M |
| Accounts payable | $86.4M | $104.2M | $99.7M | $61.8M | $131.9M | $152.1M | $111.3M | $92.5M | $96.9M | $121.3M |
| Total current liabilities | $123.2M | $154.1M | $139.6M | $101.6M | $164.2M | $199.1M | $201.3M | $225.8M | $230.8M | $189.9M |
| Long-term debt | $50.0M | $50.0M | $50.0M | $110.9M | — | $98.4M | $35.0M | $30.0M | $20.0M | $26.0M |
| Total liabilities | $214.8M | $249.2M | $237.4M | $264.4M | $280.2M | $311.1M | $252.4M | $279.9M | $275.2M | $245.6M |
| Retained earnings | $143.9M | $123.9M | $99.4M | $80.2M | $60.8M | $44.9M | $3.7M | $3.4M | $5.7M | $6.7M |
| Total equity | $182.8M | $165.9M | $147.3M | $124.5M | $102.3M | $80.1M | $36.3M | $56.8M | $42.0M | $62.9M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $13.8M | $65.4M | $88.6M | -$3.4M | $17.9M | -$27.9M | $222.0K | $18.0M | $28.3M | $62.6M |
| Depreciation and amortisation | $5.9M | $4.8M | $4.4M | $4.9M | $4.9M | $3.9M | $4.0M | $4.3M | $4.1M | $6.2M |
| Stock-based compensation | $4.1M | $6.3M | $5.4M | $3.4M | $3.2M | $4.0M | $2.8M | $3.6M | $323.0K | $0 |
| Capital expenditure | $2.8M | $3.2M | $3.4M | $2.3M | $11.8M | $3.3M | $4.1M | $7.8M | $6.2M | $6.0M |
| Investing cash flow | $1.9M | -$13.9M | -$5.2M | -$2.3M | -$11.8M | -$3.8M | -$4.1M | -$7.8M | -$6.2M | -$5.9M |
| Financing cash flow | -$15.4M | -$20.9M | -$70.1M | $5.6M | -$7.3M | $34.2M | $1.1M | -$9.3M | -$26.5M | -$61.8M |
| Dividends paid | $6.4M | $6.3M | $6.1M | $5.8M | $5.5M | $5.1M | $4.9M | $4.7M | $38.0M | $42.0M |
| Buybacks | $9.0M | $14.1M | $3.1M | $3.0M | $0 | $0 | $6.0M | $0 | $0 | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001709164-26-000037.
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