Hamilton Beach Brands Holding Co. (HBB) Tops Q3 EPS by 16c, Revenues Beat

Hamilton Beach Brands Holding Co. (NYSE: HBB) reported Q3 EPS of $0.59, $0.16 better than the analyst estimate of $0.43. Revenue for the quarter came in at $196.9 million versus the consensus estimate of $183.2 million.

• Q3 2018 consolidated revenues increased 8.4% over Q3 2017 to $196.9 million
• At the segments, revenues at Hamilton Beach Brands increased 12.3% over Q3 2017 to $172.5 million, while revenues at Kitchen Collection decreased 9.6% to $25.9 million
• Q3 2018 consolidated operating profit increased to $11.0 million from $7.4 million in Q3 2017, driven by increased sales volumes at Hamilton Beach Brands
• Lower year-to-date 2018 consolidated effective income tax rate of 20.2% versus 39.1% in 2017, primarily 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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