Quarterly ResultAug 5, 2026, 04:13 PM
Hamilton Beach Q2 Revenue +11.6% to $142.6M; EPS $2.49
AI Summary
Hamilton Beach Brands Holding Company announced strong second-quarter 2026 results, with revenue increasing 11.6% to $142.6 million and diluted EPS reaching $2.49. The significant improvement was largely driven by a recovery in U.S. Consumer business volumes and $36.5 million in one-time IEEPA tariff refunds, which boosted gross margin to 54.3%. The company reiterated its 2026 revenue outlook and raised its gross margin and operating profit outlook, reflecting improved underlying performance and strategic actions.
Key Highlights
- Revenue increased 11.6% to $142.6 million in Q2 2026.
- Gross margin significantly increased to 54.3%, including $36.5 million in IEEPA tariff refunds.
- Operating profit rose to $43.2 million compared to $5.9 million in Q2 2025.
- Diluted earnings per share was $2.49, up from $0.33 year-over-year.
- Net cash provided by operating activities was $61.5 million for the six months ended June 30, 2026.
- Repurchased 97,869 shares for $2.0 million and paid $1.7 million in dividends.
- Net cash position of $51.5 million on June 30, 2026, compared to net debt of $38.7 million a year prior.
- Reiterates 2026 revenue outlook to approach mid-single digit range.
Price Impact
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