Hamilton Beach Brands Q2 rev +11.8% to $154.7M; op profit slumps to $0.9M on cost pressures

Hamilton Beach Brands Holding Co

2021-Q2 EPS reported $0.21 revenue$303,904,000

Revenue increased 11.8% to $154.7M; operating profit fell to $0.9M from $10.9M YoY.
Gross margin dropped to 18.4% from 25.5% due to higher transportation, material, and labor costs.
Diluted EPS $0.01 vs $0.59; net income from continuing ops $0.1M vs $8.1M.
Price increases took effect June–Aug 2021 to mitigate costs; supply chain disruptions may limit H2 demand fulfillment.
Entered partnerships with Clorox (air purifiers) and HealthBeacon (injection care system) to expand into health/wellness.

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