Brief: Hamilton Beach Brands Holding Company Announces Fourth Quarter And Full Year 2018 Results

Hamilton Beach Brands Holding

06/03/2019 22:23

March 6 (Reuters) - Hamilton Beach Brands Holding Co
 HBB.N :
    * MPANY ANNOUNCES FOURTH QUARTER AND FULL YEAR 2018 RESULTS
    * Q4 EARNINGS PER SHARE $1.09
    * Q4 REVENUE $241.7 MILLION
    * IN 2019, HAMILTON BEACH BRANDS EXPECTS REVENUE TO INCREASE
MODESTLY COMPARED WITH 2018
    * HAMILTON - TARIFFS ENACTED BY U.S. ON IMPORTS FROM CHINA
IMPACT
HAMILTON BEACH BRANDS PRODUCTS, REPRESENTING ABOUT 10% OF TOTAL
PRODUCT PURCHASES
    * CONTINUES TO CLOSELY MONITOR POTENTIAL FUTURE TARIFF
ACTIONS
    * INTENDS TO CONTINUE TO MAKE ADJUSTMENTS TO PRODUCT PRICES
AND
PRODUCT PLACEMENTS AS NECESSARY
    * LONG-TERM GROWTH PLAN FOR HAMILTON BEACH BRANDS IS TO
ACHIEVE
$750 MILLION TO $1 BILLION IN SALES
    * LONG-TERM GROWTH PLAN FOR HAMILTON BEACH BRANDS IS TO
ACHIEVE 9%
TO 10% OPERATING PROFIT MARGIN OVER TIME

Source text for Eikon:  ID:nPn584HMba 
Further company coverage:  HBB.N 

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