Hamilton Beach Brands Q3 gross margin rises on tariff impacts

Hamilton Beach Brands Holding

04/11/2026 21:25

Overview
U.S. small appliances maker's Q3 revenue rose 5.6% yr/yr, driven by U.S. consumer recovery
Gross margin improved to 27.5% from 21.1% due to lower tariff impacts
Company now expects 2026 revenue to be flat yr/yr amid softer consumer outlook

Outlook
Company now expects 2026 revenue to be flat year over year, lowering prior growth outlook
Company expects 2026 operating profit to decline high teens percent, versus previous high single digits estimate
Company raises 2026 cash flow from operations less investing activities forecast to $40 mln-$50 mln

Result Drivers
U.S. CONSUMER RECOVERY - Co said revenue growth was primarily driven by recovery in its U.S. consumer business following prior-year tariff-related headwinds
HEALTH BUSINESS GROWTH - Co said strong double-digit revenue growth in its Health business supported overall revenue increase
TARIFF IMPACTS - Co said gross margin improved due to sell-through of inventory no longer subject to elevated tariffs, compared with prior-year period when tariffs spiked to 125%

Company press release: ID:nPn2v9F10a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
 
$140.26 mln
 
Q3 Net Income
 
$3.54 mln
 
Q3 Basic EPS
 
$0.26
 
Q3 Gross Profit
 
$38.55 mln
 
Q3 Operating Income
 
$4.39 mln
 
Q3 Pretax Profit
 
$5.18 mln
 

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)