HBB News & Events

The Board of Directors also approved a stock repurchase program providing for the purchase of up to $25M of the company's outstanding Class A Common Stock effective January 1, 2026 and running through December 31, 2027. The company's previous share buyback program, effective January 1, 2024 through December 31, 2025, authorized the purchase of up to $25M of the company's outstanding Class A Common Stock. Under the company's previously authorized share buyback program, through September 30, 2025 the company has repurchased a total of 1,034,446 shares for a total aggregate purchase price of $20.7M.

Reports Q2 revenue $127.8M vs. $156.2M last year. "Q2 presented challenges as significant trade disruptions from new tariff measures impacted the broader industry," said CEO R. Scott Tidey. "Our team responded swiftly with strategic actions, including accelerating our manufacturing diversification, implementing select price increases, and reducing our fixed cost base. While the unprecedented macroeconomic headwinds pressured sales, we were able to lessen the impact on profitability through 160 basis points of gross profit expansion driven by a favorable shift in customer mix including our higher-margin Commercial and Health businesses. Based on our decisive actions to address rapidly changing market conditions, combined with the strength of our brand portfolio, upcoming product launches and new retail placements, we believe we are well positioned to navigate the current environment and emerge with our leadership position intact."

Hamilton Beach is up 22.9%, or $3.32 to $17.83.

Hamilton Beach announced that the board of directors has approved a 4.3% increase in the company's regular quarterly cash dividend, raising the quarterly amount from 11.5c per share to 12c per share. The dividend is payable on both the Class A and Class B Common Stock and will be paid June 13 to stockholders of record at the close of business on May 30.