earnings
confidence high
sentiment neutral
materiality 0.60
Hamilton Beach Brands Q4 revenue flat, EPS down to $0.51; FY22 revenue 2nd highest
Hamilton Beach Brands Holding Co
- Q4 revenue $196.2M vs $197.8M YoY; operating profit $11.3M vs $17.9M; diluted EPS $0.51 vs $0.90
- Full-year revenue $640.9M (down 2.6% from record $658.4M); operating profit $38.8M incl $10M insurance recovery; EPS $1.81 vs $1.53
- FY23 outlook: total revenue flat to 2022; operating profit to increase excluding insurance recovery; gross margin expected to return to historical range
- Company paid $5.8M in dividends and repurchased 261,049 shares for $3.0M in 2022
- Global commercial revenue up 57% in Q4; premium market up 14.5%; ecommerce accounted for 44.9% of Q4 revenue