HBB Earnings Prediction
The chart below shows how HBB performed 10 days before and after its earnings report, based on data from the past quarters. Typically, HBB sees a -0.08% change in stock price 10 days leading up to the earnings, and a +2.30% change 10 days following the report. On the earnings day itself, the stock moves by +0.55%. This data can give you a slight idea of what to expect for the next quarter's release.
HBB Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
156.67M
1.99%
0.27%
Gross Margin
28.00%
7.49%
8.40%
Operating Margin
6.78%
-27.80%
6.44%
Net Margin
1.24%
-81.58%
-67.62%
EPS
0.14
-81.08%
-66.67%
No Data Available
HBB Earnings Analysis
Hamilton Beach Brands Holding Company Class A Common Stock Corporation (HBB.N) Earnings Conference Call
Positive
Strong Revenue Performance: 1. Revenue Growth: Hamilton Beach Brands reported a 5.3% increase in revenue for the first nine months of 2024 compared to the same period last year, demonstrating strong sales performance.
Gross Profit Margin Increase: 2. Gross Profit Margin Expansion: The company's gross profit margin expanded by 480 basis points to 25.9% for the first nine months of 2024, up from 21.1% in the previous year, indicating improved profitability.
Operating Profit Surge: 3. Operating Profit Increase: Operating profit nearly doubled year-over-year, reflecting effective cost management and operational efficiency.
Product Launch Success: 4. Successful Product Launches: The company launched over 40 new products in 2024, aimed at high-demand categories, contributing to market share growth and positive consumer response.
Cash Flow Strength: 5. Strong Cash Flow Position: Net cash provided by operating activities was $35.2 million for the nine months ended September 30, 2024, showcasing robust cash generation capabilities.
Negative
Net Income Decline: 1. Declining Net Income: Net income for Q3 2024 was $1.9 million, a significant drop from $10.3 million in Q3 2023, primarily due to a $5.7 million impact from pension plan termination expenses.
Rising SG&A Expenses: 2. Increased SG&A Expenses: Selling, general, and administrative expenses rose to $33.1 million in Q3 2024, up from $25.6 million in Q3 2023, driven by higher employee-related costs and the addition of HealthBeacon's expenses.
Operating Profit Decline: 3. Operating Profit Decrease: Operating profit decreased to $10.6 million in Q3 2024 from $14.4 million in the same quarter last year, reflecting the impact of increased SG&A expenses despite gross profit margin expansion.
International Sales Challenges: 4. Soft International Market Performance: Revenue from the global commercial market decreased due to soft international markets, particularly in China, indicating challenges in international sales growth.
Cash Flow Decrease: 5. Cash Flow Decline: Net cash provided by operating activities was $35.2 million for the nine months ended September 30, 2024, down from $68.7 million in the same period last year, reflecting a normalization post-pandemic.
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HBB Earning Call Sentiment
Hamilton Beach Brands Holding Company (HBB) Q3 2024 Earnings Call Transcript
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HBB.N
0.11%Positive
The earnings call presents mixed signals. While revenue and gross profit margins improved, operating profit and net income declined, impacted by a pension expense. The Q&A revealed vague management responses on SG&A and gross margin sustainability. Leadership changes and potential economic challenges add to uncertainties. The modest revenue outlook and risks like supply chain issues and debt refinancing further weigh on sentiment. Despite share repurchases, the overall outlook remains cautious, suggesting a negative stock price reaction in the short term.