Home appliances firm Hamilton Beach Q2 revenue falls

Hamilton Beach Brands Holding

30/07/2025 21:35

Overview

Hamilton Beach Q2 revenue falls 18.2%, impacted by new tariffs

Gross margin rises 160 basis points due to favorable customer mix

Operating profit declines to $5.9 mln from $10.0 mln last year

Outlook

Company maintains practice of not providing specific business outlook guidance

Hamilton Beach cites tariff uncertainty for withholding guidance

Result Drivers

TARIFF IMPACT - Revenue declined 18.2% due to lower volumes in U.S. Consumer business as retailers paused buying to assess inventory levels and price increases from new U.S. tariffs

GROSS MARGIN INCREASE - Gross margin improved by 160 basis points to 27.5%, driven by a favorable shift in customer mix, including higher-margin Commercial and Health businesses

COST MANAGEMENT - Company mitigated profitability impact of macroeconomic headwinds by accelerating manufacturing diversification, implementing select price increases, and reducing fixed costs

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
$127.77 mln
Q2 Net Income
$4.45 mln
Q2 Basic EPS
$0.33
Q2 Gross Profit
$35.13 mln
Q2 Operating Income
$5.95 mln
Q2 Pretax Profit
$6.01 mln


Press Release: ID:nPn7NFHhfa

(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.)