Quarterly ResultAug 5, 2026, 05:04 PM
Hamilton Beach Q2 Net Income $33.7M, EPS $2.49; Revenue Up 11.6%
AI Summary
Hamilton Beach Brands Holding Co. reported a significant increase in financial performance for Q2 2026, with net income rising to $33.7 million and diluted EPS to $2.49, primarily driven by $36.5 million in IEEPA Tariff Refunds. Revenue grew by 11.6% to $142.6 million, reflecting higher volumes in the U.S. Consumer business and price increases. The company also generated strong net cash from operating activities of $61.5 million for the six months ended June 30, 2026, and repurchased $3.2 million in stock year-to-date.
Key Highlights
- Q2 2026 Net Income increased to $33.7 million from $4.5 million in Q2 2025, up 657%.
- Diluted EPS for Q2 2026 rose to $2.49 from $0.33 in Q2 2025.
- Q2 2026 Revenue increased 11.6% to $142.6 million from $127.8 million in Q2 2025.
- Gross profit margin significantly improved to 54.3% in Q2 2026 from 27.5% in Q2 2025.
- Received $36.5 million in IEEPA Tariff Refunds, recognized as a reduction of cost of sales.
- Net cash provided by operating activities was $61.5 million for H1 2026, compared to $(23.8) million for H1 2025.
- Repurchased 166,857 shares for $3.2 million in H1 2026; $22.1 million remains authorized.
- Home and Commercial Products segment revenue grew to $140.2 million in Q2 2026.
Price Impact
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