Hamilton Beach Q4 EPS more than doubles to $1.40; revenue up 5.3%; FY 2024 guidance modest

Hamilton Beach Brands Holding Co

Q4 revenue $206.7M (+5.3% YoY); operating profit $25.0M vs $11.3M; net income $19.6M ($1.40/diluted share) up from $7.1M ($0.51).
Full year revenue $625.6M (-2.4% YoY); gross margin 23.0% (+290bps); net income $25.2M ($1.80/sh) vs $25.3M ($1.81/sh).
Operating cash flow $88.6M vs -$3.4M; debt reduced from $110.9M to $50.0M; net debt $34.6M.
FY 2024 outlook: revenue increase modest, operating profit increase moderate; HealthBeacon loss in 2024, profit expected in 2025.
Acquired HealthBeacon PLC in Feb 2024; Hamilton Beach Health anticipates operating loss in 2024 as it scales.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Hamilton Beach Brands Holding Co reported financial results for fourth quarter and fiscal year ended December 31, 2023.

Period: fourth quarter and fiscal year ended December 31, 2023
Result: reported results

Exact text from the filing

On March 6, 2024, Hamilton Beach Brands Holding Company (the "Company") issued a press release announcing its financial results for the fourth quarter and fiscal year ended December 31, 2023.

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Source: SEC EDGAR

accession 0001709164-24-000012

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