Hamilton Beach Brands Holding Co. (HBB) Tops Q1 EPS by 36c
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HAMILTON BEACH BRANDS HOLDING COMPANY ANNOUNCES FIRST QUARTER 2022 RESULTS
May 4, 2022 4:30 PM EDTGLEN ALLEN, Va., May 4, 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 first quarter of 2022.
Highlights
Q1 2022 revenue decreased 1.9% compared to record Q1 2021 revenue primarily due to slightly softer demand in line with expectationsOperating profit was $12.7 million in Q1 2022, including a $10 million insurance recovery related to prior losses associated with the Company's Mexican subsidiaries, compared to $5.3 million... More


