Hamilton Beach Brands Holding Co. (HBB) Misses Q3 EPS by 71c, Revenues Miss
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Hamilton Beach Brands Holding Company Announces Third Quarter 2020 Results
November 9, 2020 5:18 PM ESTGLEN 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