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February 13, 2016 1:05 PM ET

Household Durables

Company Overview of Hamilton Beach, Inc.

Company Overview

Hamilton Beach, Inc. designs, markets, and distributes small electric household appliances. It offers kitchen appliances, which include blenders, can openers, coffee/espresso makers, deep fryers, drink mixers, electric kettles, electric knives, food choppers, food processors, hand blenders, hand mixers, ice cream makers, ice shavers, iced tea makers, indoor grills, juice extractors, ovens, rice cookers, roaster ovens, skillets and griddles, slow cookers, stand mixers, toasters, and waffle bakers; garment care products, such as garment steamers, ironing tips, nonstick irons, garment drying stations, and stainless steel irons; and air care products, such as air purifiers, allergen reducers, od...

4421 Waterfront Drive

Glen Allen, VA 23060

United States

Founded in 1990

545 Employees

Phone:

804-273-9777

Key Executives for Hamilton Beach, Inc.

Chief Executive Officer, President and Director
Age: 53
Chief Finaincial Officer, Vice President and Treasurer
Age: 57
Senior Vice President of Global Operations
Age: 54
Chairman, Chief Executive Officer of NACCO Industries Inc and President of NACCO Industries Inc
Age: 74
President of The Kitchen Collection Inc
Age: 58
Compensation as of Fiscal Year 2015.

Hamilton Beach, Inc. Key Developments

Hamilton Beach Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Second Half of 2014 and for the Full Year of 2014

Hamilton Beach announced unaudited earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenue of $118,385,000 against $114,651,000 a year ago. Operating profit was $2,251,000 against $4,005,000 a year ago. Income before income tax provision was $2,014,000 against $3,140,000 a year ago. Net income was $1,359,000 compared with $1,985,000 for the second quarter of 2013. Revenues increased primarily due to an increase in sales of products with higher price points, mainly in the commercial market and in the U.S and Canadian consumer markets. For the six months, the company reported revenue of $219,710,000 against $220,802,000 a year ago. Operating profit was $3,188,000 against $6,673,000 a year ago. Income before income tax provision was $2,436,000 against $5,522,000 a year ago. Net income was $1,709,000 compared with $3,486,000 for the second quarter of 2013. Sales volumes to grow more favorably than the market due to improved placements of products with higher price points over the remainder of 2014 compared with the second half of 2013. The company expects an increase in revenues in the second half of 2014 compared with the second half of 2013 and expects to outperform the overall market's 2014 forecasted rate of increase. It expects net income in the second half of 2014 to be comparable to or moderately lower than the second half of 2013. The company expects cash flow before financing activities in 2014 to be substantial but down significantly from 2013.

Hamilton Beach Reports Earnings Results for the First Quarter of 2014; Provides Earnings Guidance for the Full Year 2014

Hamilton Beach reported earnings results for the first quarter of 2014. For the quarter, the company reported net income of $0.4 million from $1.5 million in the company revenues in first quarter 2014 were $101.3 million for the first quarter of 2014, compared with revenues of $106.2 million for the first quarter of 2013. The decrease in unit sales volumes came primarily from the U.S. consumer retail markets, partially offset by a shift in sales to higher-priced, higher-margin appliances. For the year 2014, the company expects full-year 2014 net income to be comparable to or moderately lower than full-year 2013. While the company expects better sales volumes in 2014, the cost of implementing the company strategic initiatives is expected to offset gains.

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