Hamilton Beach Brands Holding Co. (HBB) Misses Q4 EPS by 18c

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HAMILTON BEACH BRANDS HOLDING COMPANY ANNOUNCES FOURTH QUARTER AND FULL YEAR 2021 RESULTS

March 9, 2022 4:39 PM EST

GLEN ALLEN, Va., March 9, 2022 /PRNewswire/ -- Hamilton Beach Brands Holding Company (NYSE: HBB), which operates through its wholly-owned subsidiary Hamilton Beach Brands, Inc., today announced results for the fourth quarter and full year 2021.

Highlights

Q4 2021 revenue decreased 15.5% compared to unusually high revenue in Q4 2020, which included a significant amount of order backlog fulfillment that shifted from Q3 2020 during a cutover to a new ERP system Q4 2021 revenue results also reflected the impact of persistent supply chain constraints, which resulted in the delayed... More