Hamilton Beach Q1 revenue down 12.4% to $128.3M; net loss of $4.8M

Hamilton Beach Brands Holding Co

2023-Q1 EPS reported -$0.34 revenue$128,252,000

Net loss $4.8M ($0.34 diluted EPS) vs net income $7.2M ($0.51) in Q1 2022.
Operating loss $5.1M vs operating income $12.7M (incl. $10M insurance recovery).
Gross margin fell to 16.3% from 19.3% on unfavorable mix and deleveraging.
Net debt cut to $77.1M from $118.3M a year ago; cash flow before financing $34.3M.
FY2023 outlook: revenue flat YoY; operating profit expected up excluding insurance recovery.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Hamilton Beach Brands Holding Co reported first quarter ended March 31, 2023 results: revenue $128.3 million, net income $(0.34) per diluted share, EPS $(0.34) per diluted share. Guidance reaffirmed.

Period: first quarter ended March 31, 2023
Revenue: $128.3 million
Net income: $(0.34) per diluted share
EPS: $(0.34) per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Total revenue was $128.3 million compared to $146.4 million.

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Source: SEC EDGAR

accession 0001709164-23-000024

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