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

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

Hamilton Beach Brands Holding Company Announces Third Quarter 2018 Results

October 30, 2018 5:08 PM EDT

GLEN ALLEN, Va., Oct. 30, 2018 /PRNewswire/ --

Highlights:

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

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