earnings
confidence high
sentiment positive
materiality 0.75
Hamilton Beach 2024 revenue +4.6% to $654.7M; gross margin expands 300 bps to 26.0%
Hamilton Beach Brands Holding Co
2024-FY EPS reported
$2.20
revenue$654,693,000
- Full-year net income $30.8M ($2.20 diluted EPS) vs $25.2M ($1.80) in 2023.
- Q4 revenue $213.5M (+3.3%); operating profit $23.6M (-5.7%) due to planned price decreases.
- Cash flow from operations $65.4M; year-end net cash position $0.6M vs net debt $34.6M a year ago.
- 2025 outlook expects revenue growth approaching mid-single digits; operating profit to increase faster than revenue.
- HealthBeacon acquisition contributed $4.3M revenue in 2024; company repurchased 668,785 shares for $14.1M and paid $6.3M dividends.