Hamilton Beach Brands Holding Co. (HBB) Tops Q3 EPS by 6c
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HAMILTON BEACH BRANDS HOLDING COMPANY ANNOUNCES THIRD QUARTER 2022 RESULTS
November 2, 2022 4:30 PM EDTGLEN ALLEN, Va., Nov. 2, 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 third quarter of 2022.
Highlights
Revenue decreased 3.8% compared to Q3 2021, reflecting lower consumer sales overall partially offset by higher commercial salesOperating profit was $9.4 million compared to $7.4 million in Q3 2021, reflecting gross profit margin expansion and lower SG&A expenseDemand for small kitchen appliances continues to... More