Quarterly ResultMay 6, 2026, 05:02 PM
Hamilton Beach Q1 Net Income +96% to $3.5M; Gross Margin 29.7%
AI Summary
Hamilton Beach Brands Holding Co reported a 96.1% increase in net income to $3.5 million, or $0.26 diluted EPS, for Q1 2026, despite an 8.6% decrease in revenue to $122.0 million. Gross profit margin significantly improved to 29.7% from 24.6% year-over-year, partly due to a one-time 190 basis point benefit from the elimination of IEEPA tariffs. The company also repurchased 68,988 shares for $1.2 million and declared a $0.12 per share cash dividend.
Key Highlights
- Net income increased 96.1% to $3.5 million, with diluted EPS rising 100% to $0.26.
- Revenue decreased 8.6% to $122.0 million, down from $133.4 million year-over-year.
- Gross profit margin improved to 29.7% from 24.6% YoY, including a 190 bps tariff benefit.
- Operating profit surged 114.8% to $5.0 million, compared to $2.3 million YoY.
- Home and Commercial Products segment revenue was $119.6 million, down from $131.8 million.
- Health segment revenue increased to $2.4 million from $1.5 million year-over-year.
- Repurchased 68,988 shares for $1.2 million; $24.1 million remains authorized.
- Declared a cash dividend of $0.12 per share for Q1 2026.
Price Impact
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