| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 142.63 | 16.9% | 11.6% |
| Total Income | 142.63 | 16.9% | 11.6% |
| Expenditure | 99.43 | 15.0% | 18.4% |
| PBT | 44.63 | 801.6% | 642.6% |
| Net Profit | 33.71 | 852.3% | 657.5% |
| OPM | 30.29% | 26.22pp | 25.64pp |
| NPM | 23.63% | 20.73pp | 20.15pp |
| EPS | 2.50 | 861.5% | 657.6% |
Hamilton Beach Brands Holding Company Announces Second Quarter Results
06 Aug 2026 · 6 Aug, 1:43 am
Summary
Hamilton Beach Brands Holding Company reported a strong second quarter of 2026, with revenue increasing by 11.6% year-over-year to $142.6 million. The company experienced a significant improvement in gross margin to 54.3%, largely due to one-time tariff refunds, and operating profit surged to $43.2 million from $5.9 million in the prior year. Diluted earnings per share rose to $2.49 from $0.33. Management reiterated its 2026 revenue outlook and raised its gross margin and operating profit outlook, expressing confidence in momentum heading into the second half of the year.
Key Highlights
- 1
Second Quarter 2026 revenue increased 11.6% to $142.6 million compared to $127.8 million in the prior year.
- 2
Gross margin increased significantly to 54.3% in Q2 2026, benefiting from one-time tariff refunds, compared to 27.5% in Q2 2025.
- 3
Operating profit saw a significant increase to $43.2 million in the second quarter of 2026, up from $5.9 million in the same period of 2025.
- 4
Diluted earnings per share for the second quarter of 2026 was $2.49, a substantial rise from $0.33 in the prior year's second quarter.
- 5
For the six months ended June 30, 2026, net cash provided by operating activities was $61.5 million, a significant improvement from $23.8 million used in operating activities for the same period in 2025.
- 6
The Company reiterates its 2026 revenue outlook to approach mid-single digit growth, while raising its gross margin and operating profit outlook.
Management Comments
R. Scott Tidey
We delivered a solid second quarter, with improving underlying performance and gross margins in line with our expectations. Net sales increased low double digits as we recovered volumes lost in the prior year, while our ongoing tariff mitigation actions — including our foreign trade zone, sourcing diversification, and pricing actions — supported healthy gross margins. Our reported results also reflect the benefit from IEEPA tariff refunds of which we plan to reinvest a portion into additional programs to drive increased awareness for our brands and demand for our products. We feel good about our momentum heading into the second half of the year and believe our business is well positioned to deliver continued gains and increased shareholder value over the long-term.
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