earnings
confidence high
sentiment neutral
materiality 0.65
Hamilton Beach Brands Q3 revenue $150.8M (-3.8%), EPS $0.43, operating profit up to $9.4M
Hamilton Beach Brands Holding Co
2022-Q3 EPS reported
$1.30
revenue$444,701,000
- Q3 revenue $150.8M (-3.8% YoY); diluted EPS $0.43 vs $0.41; operating profit $9.4M vs $7.4M.
- Gross margin expanded to 23.1% from 21.2% on pricing, mix, and lower warehousing costs.
- Net cash used in operations $40.2M for 9 months; inventory and payables used $83.5M combined.
- Full-year outlook: revenue decrease slightly, operating profit increase significantly including $10M insurance recovery.
- Ecommerce sales +7.8% to 34.5% of revenue; premium market sales +35.1%; home health +29.6%.