Hamilton Beach Brands Holding Co. (HBB) Misses Q3 EPS by 71c, Revenues Miss

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Go back to Hamilton Beach Brands Holding Co. (HBB) Misses Q3 EPS by 71c, Revenues Miss

Hamilton Beach Brands Holding Company Announces Third Quarter 2020 Results

November 9, 2020 5:18 PM EST

GLEN ALLEN, Va., Nov. 9, 2020 /PRNewswire/ --

Highlights from Continuing Operations

Revenue in Q3 2020 decreased 26% compared to Q3 2019 due primarily to greater than anticipated challenges arising from the implementation of a new enterprise resource planning (ERP) system in the US and also to unanticipated constraints in the transportation industry. In the US Consumer market, while unprecedented demand continued, timing of revenue is expected to shift to Q4 2020 as the cutover to the new ERP system temporarily reduced shipping capabilities. Sales volumes in the International Consumer and Global Commercial markets... More