Hamilton Beach Q3 EPS $0.74 vs $0.43; revenue up 2%; operating margin expands to 9.4%

Hamilton Beach Brands Holding Co

2023-Q3 EPS reported $0.40 revenue$418,975,000

Revenue $153.6M (+1.9% YoY); operating profit $14.4M (9.4% margin) vs $9.4M (6.2%).
Net income $10.3M ($0.74 diluted EPS) vs $5.9M ($0.43) a year ago.
Net debt reduced to $49.7M from $144.5M; cash from operations $68.7M vs ($40.2M) use.
FY2023 outlook: revenue modestly below 2022; operating profit to increase excluding $10M insurance recovery.
Paid $1.5M dividends and repurchased $0.9M of stock in Q3.

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 0.95

Hamilton Beach Brands Holding Co reported the third quarter of 2023 results: revenue $153.6 million, net income $10.3 million, EPS $0.74 per diluted share.

Period: the third quarter of 2023
Revenue: $153.6 million
Net income: $10.3 million
EPS: $0.74 per diluted share
Result: reported results

Exact text from the filing

to 2022 as a result of net working capital improvements 1 Results of the Third Quarter 2023 Compared to the Third Quarter 2022 Total revenue grew $2.8 million, or 1.9%, to $153.6 million compared to $150.8 million. Increased unit volume was partially offset by lower average sales price. In the Company’s consumer markets, sales increased in the Latin American and

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Source: SEC EDGAR

accession 0001709164-23-000046

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