earnings
confidence high
sentiment neutral
materiality 0.70
Hamilton Beach Brands FY2021 revenue record $658.4M (+9.1%); Q4 net income $0.90 vs $1.40 YoY
Hamilton Beach Brands Holding Co
- Q4 revenue $197.8M (-15.5% YoY); full-year revenue record $658.4M (+9.1% vs 2020).
- Q4 diluted EPS $0.90 vs $1.40; full-year diluted EPS $1.53 vs $1.76.
- Gross margin fell to 20.7% from 23.0% on higher transportation costs; price increases offset part.
- Entered water filtration, air purification (Clorox license), home medical (HealthBeacon) in 2021.
- 2022 outlook: modest revenue growth; operating profit expected to increase; new $25M buyback authorized.