Hamilton Beach Brands Holding Co. (HBB) Reports Q2 Loss of $0.06, Revenues Beat

Hamilton Beach Brands Holding Co. (NYSE: HBB) reported Q2 EPS of ($0.06), versus $0.07 reported last year. Revenue for the quarter came in at $157.9 million versus the consensus estimate of $153 million.

Highlights:

• Q2 2018 consolidated revenues increased 3.2% over Q2 2017 to $157.9 million
• At the segments, revenues at Hamilton Beach Brands increased 6.5% over Q2 2017 to $135.9 million, while revenues at Kitchen Collection decreased 12% to $22.8 million
• Q2 2018 consolidated operating profit decreased to $0.6 million from $2.2 million in Q2 2017 as a result of lower revenues at Kitchen Collection and increased operating expenses at Hamilton Beach Brands
• Reduced year-to-date 2018 consolidated effective income tax rate of 26.4% versus 30.8% in 2017 as a result of U.S. tax reform legislation

For earnings history and earnings-related data on Hamilton Beach Brands Holding Co. (HBB) click here.

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