Brief: Hamilton Beach Brands Holding Company Announces Third Quarter 2019 Results

Hamilton Beach Brands Holding

06/11/2019 23:11

Nov 6 (Reuters) - Hamilton Beach Brands Holding Co  HBB.N :
    * MPANY ANNOUNCES THIRD QUARTER 2019 RESULTS
    * Q3 EARNINGS PER SHARE $0.03
    * Q3 REVENUE $169.8 MILLION VERSUS $196.9 MILLION
    * HAMILTON BEACH BRANDS HOLDING - HAMILTON BEACH BRANDS
EXPECTS TO
RECOVER MUCH OF Q3 2019 REVENUE SHORTFALL IN Q4 2019 AS A RESULT
OF REVENUE TIMING SHIFTS
    * HAMILTON BEACH BRANDS - LOWER HAMILTON BEACH BRANDS
SEGMENT
QTRLY U.S. SALES VOLUME DUE IN PART TO CHANGE IN RETAILER ORDER
PATTERNS DRIVEN BY TARIFFS
    * "IMPACT OF CURRENT AND PENDING TARIFFS ON THE COMPANY HAS
BECOME
MORE SIGNIFICANT"
    * HAMILTON BEACH BRANDS - DUE TO HOLIDAY ORDER TIMING
COINCIDING
WITH LIST 4A IMPLEMENTATION DATE, RETAILERS ARE LESS OPEN TO
NEGOTIATIONS ON TARIFFS
    * "ADVERSE IMPACT OF TARIFFS WAS EVIDENT IN THE U.S. SMALL
KITCHEN
APPLIANCE INDUSTRY'S PERFORMANCE" IN Q3

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

 ((Reuters.Briefs@thomsonreuters.com;))