Hamilton Beach Brands Holding Co. (HBB) Misses Q2 EPS by 63c
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Hamilton Beach Brands Holding Company Announces Second Quarter 2021 Results
August 4, 2021 4:49 PM EDTGLEN ALLEN, Va., Aug. 4, 2021 /PRNewswire/ -- Hamilton Beach Brands Holding Company (NYSE: HBB) today announced results for the second quarter of 2021.
Highlights
Revenue increased 11.8% to $154.7 million, driven by strong demand in all markets Operating profit decreased to $0.9 million, primarily due to significantly higher transportation costs as a result of disruption and congestion in several areas of the supply chain, and to increased materials and labor costs and higher SG&A expenses The company has taken a number of steps to... More