Hamilton Beach Brands Holding Co. (HBB) Tops Q2 EPS by 39c
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Hamilton Beach Brands Holding Company Announces Second Quarter 2020 Results
August 5, 2020 4:46 PM EDTGLEN ALLEN, Va., Aug. 5, 2020 /PRNewswire/ --
Highlights from Continuing Operations:
Q2 2020 total revenue increased 5.5% compared to Q2 2019, due to strong demand in the US and Canada Consumer markets Q2 2020 operating profit increased more than threefold compared to Q2 2019, on higher revenue, a benefit of $1.6 million for tariff relief and lower SG&A expenses Net debt at June 30, 2020 decreased to $40.2 million from $80.5 million at June 30, 2019, as a result of improved net working capital and significantly increased cash flow Second half 2020 results are... More